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Ontario -Thunder Bay Needs 50000 Immigrants by 2041 to Replace Aging Workforce

September 2016, 17
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Thunder Bay Needs 50000 Immigrants by 2041 to Replace Aging Workforce
The Thunder Bay, district of Canada’s Ontario Province plans to attract immigrants on a massive scale to sustain its economy and address the challenges faced due to increase in the aging workforce. The district essentially requires 50,000 immigrants by 2041 to replace its aging workforce. To achieve the target set for 2041, the immigrant influx should be increased 15-folds annually. 

As per the immigration figures, during 2014, approximately 131 immigrants came to the district. Charles Cirtwill, president at Northern Policy Institute, illustrated the Northern Projections Human Capital report, which shows a significant shift in the demographic dependency ratio of the district. 

The population is anticipated to decrease from 149,604 in 2013 to 145,823 in 2041. During the same period, the people over the age of 65 are expected to increase from 26,000 to 46,000.

Cirtwill said,  “We may very well have the same number of people here but far more of us will need somebody to be taking care of us as opposed to the reverse,” 

“It’s far better for an economy to have a mix where you can have two working aged people for every one person who needs support. Our challenge in 35 or 40 years is, it’s going to be in direct reverse. We’re going to have essentially one person or less to support two people who are over 65.”  

The Northern Projections Human Capital report, echoes a Lakehead Workforce Planning Board report released last year. As per the report issued last year approximately 50,000 immigrants will be required by 2041 out of which at least 25000 should be of working age.

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