Canada has one of the highest participation rates in postsecondary education in the industrialized world, yet it is failing to produce graduates with the skills needed for the jobs that exist. The “skills mismatch” can be defined as “growing labour shortages in some occupations, alongside growing unemployment in others”. A 2015 study from the Parliamentary Budget Office (PBO) found that 4 in 10 recent Canadian university graduates are now overqualified for their jobs. This untapped, under-utilised talent impacts Canada’s capacity to innovate, which in turn impacts its ability to compete globally as an innovation nation.
Last Updated: March 14, 2017