Morneau and Trudeau may be fine with consigning young Canadians to a future of "job churn" and a precarious, paycheque to paycheque, existence but that's because they're not willing to look for anything better.
Canada's working classes are also facing employment upheaval arising out of automation, robotics. Nobel laureate economist, Angus Deaton, argues that robotics is a greater threat to working classes than globalization.
World Bank president, Jim Yong Kim, however in an essay introducing a new bank report on the future of work contends that there is much that nations can do to position their workers to prosper from automation. The key is investing in human capital.
...the skills needed for work are changing, literally, every day. New jobs will require specific skills—a combination of technological know-how, problem solving, and critical-thinking skills, as well as soft skills such as perseverance, collaboration, and empathy. That means countries must invest much more – and more effectively – in their people to build human capital.
Investing in human capital is the key mechanism to ensure that the next generation is ready for the changing nature of work; however, too many countries are under-investing in these critical areas—especially in the early formative years of childhood, when the ability to learn new skills quickly is decisively molded. When countries don’t invest to build human capital, it puts successive generations – especially the poorest – at a severe disadvantage, exacerbates inequalities that already exist, and threatens to create instability when rising aspirations are met with frustration instead of opportunity.
We should ensure that opportunity, like talent, is distributed equally throughout society. One of the primary ways we can ensure this is to protect people through social assistance and insurance systems that fit with the changing nature of work. The current model is broken in most developing countries and looks increasingly out of date for most advanced economies as well.The bank president's prescription makes eminent good sense. So, how do you think your government is doing to meet these stated requirements?
Social contracts are also about inclusion, which means that the wealthy have to pay their share of taxes. With insufficient tax revenues, governments can’t deliver the current social contract. Countries in every region must do more to stop tax avoidance, and the only way they can, in the words of leaders of the world’s 20 largest economies, is to “put an end to the divorce between the location of profits and the location of real activities.”