Accenture’s latest Delivering Public Service for the Future research focuses on the role of labour markets in assuring national well-being. For this research, we analyzed the implications of demographic changes in 162 countries. We surveyed jobseekers, employers and public employment service officials in Canada as well as 10 other countries. And we focused on this burning platform: If governments do not respond with urgency and decisiveness to address the fundamental challenges in their labour markets, they will see a decline in productivity growth and a shrinking workforce. That, in turn, may result in a decline in overall standard of living in the future.
In analyzing Canada’s labour market, Accenture has identified three factors threatening the fundamental assumption that future generations will be better off than their parents: profound demographic changes resulting in fewer people available to work, as well as stagnant participation and productivity growth rates leading to lower personal income and a less prosperous society. If participation rates and productivity growth do not increase, Accenture predicts that standard of living in Canada will decline 12 percent by 2030.
By aligning to the four fundamental shifts necessary to deliver public service for the future, Canadian public officials can help create a jobs and skills environment that is more transparent and connected—and that offers greater flexibility and accessibility. In doing so, they can play a pivotal role in achieving a world-class labour market that preserves the standard of living.