CIBC Report: Canada is ‘deteriorating’ into a country of low-wage, part-time jobs

Is Canada turning third world ? One indication could be the lack of well paying job. Instead according to a CIBC report Canadians may have to settle for low wage, part-time jobs.

How will you pay your mortgage ? Your car payments ?

One of Canada’s big banks looked at the question and they have an answer: “we think so.”

Despite talk of helping the middle-class, the Canadian Imperial Bank of Commerce says jobs in Canada are currently undergoing “a slow but steady deterioration.”

The recently released CIBC report also finds that good paying, full-time jobs are increasingly being displaced by precarious part-time jobs and self-employment.

 

[via]

CDNinfoGeek