Younger Canadians don’t want to be their own bosses, intensifying the slowdown in entrepreneurship in Canada, according to a new RBC report.
The decline in the self-employment rate is also being amplified by soaring inflation, strong labour markets and uncertainty caused by the COVID-19 pandemic, the report says.
While self-employment rates for younger Canadians aged 35 to 44 have always tended to be lower compared with older cohorts, the report says the share of younger people seeking to “be their own boss” has fallen to two per cent, from 3.3 per cent in 1998.
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Denial of responsibility!Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
