Tapping economic potential through broader workforce participation / Advisory Council on Economic Growth. : F2-259/2017E-PDF

"Canada’s economic growth over the past 50 years was fuelled largely by growth in labour force participation rates. In 2015, Canada had one of the highest labour force participation rates among OECD countries. While it is true that our population is now aging and that the workforce will no longer grow at the pace we have become accustomed to, Canada still has significant untapped labour force potential given the underrepresentation of a number of demographic groups. Finding ways to include more of these Canadians in the labour force would improve their quality of life and their chances of success in the economy. This would deliver on the promise of inclusive growth in a way that also improves the wider economy’s prospects, and makes it less likely that Canada’s social safety net becomes overstretched. The Council has identified four demographic groups where an increase in participation to “best-in-class” levels could have a significant impact on the economy: Indigenous Peoples, lower-income Canadians, women with young children, and Canadians over the age of 55"--Intro., p. 2.

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