Article Excerpts:
"Canada’s economy grew by about 1.7 per cent in 2013, the second year in a row of tepid growth that disappointed most forecasters. Employment in Canada is pivoting away from manufacturing jobs, many of which are being replaced by automation, and shifting toward services. The number of factory job losses in the past decade is roughly equivalent to the growth of positions in professional services such as accounting and engineering, says the Conference Board’s Mr. Antunes. “It’s a bit of a pipe dream to think that we are going to be competitive in labour-intensive manufacturing like we had in the past. We need to focus on where we have comparative advantages – on the high skills end” with statisticians, mathematicians, engineers and robotics experts in greater demand, Mr. Antunes said. Alberta has been the single largest contributor to growth in Canada for the past three years, according to the Conference Board." |
High-income Economy: those with Gross National Product per person of $7911 US or more in 1991
Automation: automatic and self-regulatory control by machines of the whole, or a part, of a process of production. The use of robots on automobile assembly lines is an example of automation Economic Growth: increase over period of time - usually a year - in a country's output of goods and services. Economic growth is usually measured by the annual rate of increase in the real Gross Domestic Product per person Productivity: output per person empoyed |