This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

CAW Media Advisory - CAW Statement On World Day For Decent Work 2012

TORONTO, Oct. 7, 2012 /CNW/ - The following is a statement issued by CAW President Ken Lewenza on the World Day for Decent Work:

Since 2008, the international labour movement has observed October 7 as the World Day for Decent Work. This is in recognition of the unique challenges working people face in today's hyper-competitive and imbalanced global economy. The downward pressure on wages and working conditions, the short-term, temporary nature of a growing number of jobs and a slow breakdown of publicly-provided social programs and services - all part of a corporate-led agenda for greater "flexibility" - have made our jobs more precarious.

The theme for this year's World Day for Decent Work focuses on one of the most significant economic and social crises we face today: youth unemployment.

Overall, the International Trade Union Confederation estimates 75 million young people are without a job today and millions more trapped in precarious employment situations. How precarious are young workers? During the global financial meltdown, 40 per cent of all laid off workers were between the ages of 15 and 24.

Poor job prospects early in life will limit important skills-building and training opportunities for young people. High unemployment also leads to lower overall career earnings and limits access to social supports like Unemployment Insurance and pensions. Chronic youth unemployment has negative health and social consequences as well: depression, anger, substance abuse, and others.

In Canada, youth unemployment has been on the rise over the past decade. Although, unemployment isn't as high for young Canadians as in other, more economically-depressed, countries (like Greece) it's still double the national unemployment average (youth unemployment was near 15 per cent in August, 2012). It's a problem government policy-makers must address.

A new Canadian Centre for Policy Alternatives report on youth unemployment highlights a number of key concerns that warrant some attention.

For starters, the quality of jobs on offer for young people is declining. Precarious work among young people, under the age of 30, is growing at a faster rate than for older workers. In fact, the proportion of young people in temporary jobs has nearly doubled since 1997.

The official youth unemployment rate may be relatively low compared to other nations, but that doesn't reflect the rate of under-employment - including those young people caught in dead-end jobs and taking on these jobs involuntarily. Youth underemployment sits at 20 per cent. That's one-in-five. That's cause for concern.

Federal initiatives to tackle youth unemployment (including the Youth Employment Strategy) have been, despite their best intentions, frustratingly ineffective. To be fair, many of these programs aren't equipped with sufficient resources to tackle the full extent of Canada's youth unemployment challenges today. Private businesses continue to sit on their hands, opting not to invest in young workers. It's up to government to take the lead.

Our union will keep on the federal government, urging them to launch a national good jobs summit. We think a multi-stakeholder summit must ultimately lead to a comprehensive good jobs strategy for Canada. And this strategy must include clear and concrete proposals for how we create quality job opportunities for the next generation of workers.

This could include financial incentive programs for businesses, as well as NGOs, to hire young workers. It could also include new government spending of long-overdue infrastructure projects, putting young people to work on our roads and in our factories. And it could require government's to hire young workers themselves - perhaps within a massive job-creating initiative designed to solidify and modernize our public service, from environmental scientists and researchers to health care professionals and other service providers - infusing our workplaces with bright, young talent.

Lewenza is urging CAW members to contact federal labour minister Lisa Raitt, urging the federal government to take immediate action in addressing youth unemployment in Canada.

SOURCE Canadian Auto Workers Union (CAW)

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs