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Finance committee There's been a lot of evidence that in the first 10 years, yes, young people shop around. That's what they should be doing. But I think what we're also seeing now is that the shopping around period can last longer. Before, it might have been five years. Then it was 10 years, an
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee Fantastic.
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee I think you're right. We should be training for the jobs of the future. The jobs of the future are going to be less in taking metal and wood and bashing them into different shapes and more in taking ideas and concepts and thinking them through. At the same time, though, I would
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee Yes.
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee There are two things. Number one, I think the examples you give are absolutely right, but they don't represent the average experience—
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee What we know very clearly is that those people who are getting the better jobs also tend to have the more advanced education. That's a fact of life. But I think your second question is by far more important. Do we need to have a continuous role for education? I think you're abso
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee I think the educational system can always be made better. It can always be made fair. I think it's quite clear that not everyone has the same leg-up in the educational system right now. It can always be made fair. I don't think, though, to be frank, that there is a shortage of s
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee Maybe the issue here is what has changed from when we were young—some decades ago—in that the world was a little more stable and was a little more predictable. Now the world is changing so rapidly that I think it's beyond expectation that someone who is in their teens can figure
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee I assume you're talking about the Magna corporation, the auto parts maker.
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee We did a study of the Magna corporation. We went in and interviewed workers and management there to try to figure out what made Magna tick. This was 10 years ago. It's certainly a system where they encourage their workers to participate more. What was quite fascinating to us wa
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee Magna's a very successful company; absolutely, yes.
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee I think they see Magna as a good place to work, yes, absolutely.
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee One of the things our research is trying to do is to separate this notion of precarious employment from that of low-wage employment; they're not quite the same. It's certainly true, though, that the majority of people in low-wage employment will also find themselves in precarious
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee Well, certainly young people are delaying forming households. We spoke to a number of people and they said: “Are you kidding? Having a kid is a permanent commitment, and if I don't have a permanent job, how do I finance that?” I think we're seeing this in house purchases as well.
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk
Finance committee Yes, for sure. As a person my age, I speak to a lot of parents. I know that a lot of parents are upset about this process because their kids are still living in their basement. They're saying to themselves that they did everything right, that they paid for their kids' university
April 8th, 2014Committee meeting
Dr. Wayne Lewchuk