TORONTO — Ahead of the 2023 provincial budget, Skills Ontario Chief Executive Officer Ian Howcroft recently participated in the minister of finance’s budget consultations at Sheridan College to talk about the financial impact of skilled trade shortages.
Skills Ontario recommended continued investments from the province in its skilled trade and technology programming as the demand for workers in the skilled trades continues to grow.
The shortage is costing the province approximately $25 billion in foregone GDP, indicates a release, adding the Conference Board of Canada study highlighted a need of over 500,000 new entrants to the skilled trades by 2030 to address shortages.
The demand for workers is growing in manufacturing, health and safety, advanced IT and construction, where the sector is projecting a shortfall of over 100,000 skilled tradespeople over the next decade, states the release.
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