Sunday, June 1, 2008

Is the job boom in Calgary over..?

It is becoming more and more difficult to get a desirable job in Calgary. Only a couple of years ago, businesses were closing down because they could not find employees and it was almost impossible to hire anyone to for less than $12/hour, but now, it seems like there is a lot more competition in the labour market and that companies have quite a few options when it comes to hiring new people.

The Alberta government encouraged people to move to the province -- most of whom moved to Calgary -- even though there wasn't any cheap accommodation available at the time. A lot of people just got fed up with the situation and left, but those who found a decent job and a place to stay are also facing new problems. Companies which initially hired people with zero skills have more choices now, and folks who for some reason lost their jobs are having a tough time finding new ones.

A big reason for that is the saturation of the labour pool, where more people are competing for the same opportunities. Crazy real estate prices are another reason why companies are relocating to places like Saskatchewan and Winnipeg. It looks like Calgary's reputation of a boom town is not going to last too long.

Saskatoon, here I come..!

No comments:

Post a Comment

There was an error in this gadget