Category: labor shortage

Visualizing the Changing World Population, by Country


This post is by Freny Fernandes from Visual Capitalist


Top 50 countries with largest population in 2050

Visualizing the Changing World Population, by Country

On average, there are 250 babies born every minute around the world. This adds up to over 130 million new human beings entering the world every year.

Then it’s no surprise that the world’s population, which now stands at a whopping 8 billion, has more than tripled since the mid-20th century.

This graphic by Truman Du uses December 2022 population data from the UN and summaries from the French Institute for Demographic Studies (INED) to show the unequal rise and fall of the world’s population by 2050.

Let’s take a closer look at some of these population trends.

Most Populous Countries: 2022 vs. 2050

The Asian countries of India and China have topped the rankings of the world’s most populous countries for hundreds of years.

China currently holds the number one spot on this list. But the population of India is expected to surpass that of China’s by later this year, eventually reaching a total of 1.67 billion in 2050.

RankMost Populous Countries (2022)Population (2022)Most Populous Countries (2050)Population (2050)
1China1.43BIndia1.67B
2India1.42BChina1.32B
3United States of America338MUnited States of America375M
4Indonesia276MNigeria375M
5Pakistan236MPakistan366M
6Nigeria219MIndonesia317M

The United States, Nigeria, Pakistan, and Indonesia are the next most populous countries in 2022, and they are expected to hold onto these spots until 2050. However, they have a long (Read more...)

3 Ways to Reduce Manufacturing’s Skills and Labor Shortage in Canada


This post is by Jenna Ross from Visual Capitalist


The following content is sponsored by Canadian Manufacturers & Exporters.

3 Ways to Reduce the Manufacturing Labor Shortage in Canada

The skills and labor shortage in Canadian manufacturing has been a problem for some time, but it has recently gotten much worse. In 2021, 82% of manufacturers said they faced immediate shortages, up from 39% in 2016.

This graphic from Canadian Manufacturers & Exporters (CME) highlights the extent of the skills and labor shortage, and the steps that can be taken to address it.

A Closer Look At the Labor Shortage

There are more job vacancies than job seekers in manufacturing, for the first time since this data started being collected in 2015.

 Job VacanciesJob Seekers
2015 Q137,42078,400
2016 Q129,52085,200
2017 Q136,25579,700
2018 Q144,23061,900
2019 Q150,53561,500
2020 Q145,16581,700
2021 Q156,690120,900
2022 Q187,43559,700

Labor shortages are most common in general labor and skilled production positions, such as welders and machinists. These shortages persist despite manufacturing jobs paying an average hourly wage of $23.45, well above the average minimum wage in Canada of $14.12.

Manufacturers’ bottom lines are being squeezed by these shortages: 42% have lost opportunities or paid penalties due to a lack of workers.

What can the government and manufacturers do to address the skills (Read more...)