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New Report Highlights Importance of Visible Minorities According to a new study released by the Conference Board of Canada, over the last 10 years, visible minorities have represented one third of national economic growth, although the group only comprises 11 per cent of the labour force. In addition, the study found that visible minorities earn 14.5 per cent less than the Canadian average, a figure that has been increasing in comparison to the last measurement in 1991, which was at 11 per cent. The Conference Board notes that the primary reason for this astounding gap is the lack of understanding and recognition that is given to foreign credentials by employers. The Board estimates that the elimination of the wage gap would increase the real GDP level by approximately 1 per cent by the year 2016. For more information on this study or on the Conference Board of Canada, please click here . |
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