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The opportunity for entrepreneurship in Ontario

1 Apr 2009

During the current period of economic contraction, it is very likely that the ranks of the self-employed will swell once again, and it is critical that we enhance the opportunity for these workers – to the benefit of the individual, region, and provincial economy as a whole. [...] To this end, I first discuss the salient aspects of self-employed work in Ontario’s labour force, the types of sector-based work and the income returns that characterize different types of self-employed workers in the province – based on the occupational skills classes introduced in the Ontario in the Creative Age report: creativity- oriented, routine-service and routine-physical. [...] An opportunity founded on self-employment In the most basic sense, entrepreneurship is the introduction of new activity to the economy, be it through the creation of a novel product or service, or a new way of delivering those that already exist. [...] By the end of the 1960s, just 6 percent of the non- agricultural workforce was classified as self-employed, the lowest national rate of the past 50 years. [...] As with the rest of the country, the provincial self-employment rate peaked during the mid-1990s, and experienced modest decline in the latter part of the decade.
economic development higher education education economics economy school entrepreneurship science and technology business economic growth employees employment human capital labour unemployment census business cluster economic downturn business cycle r&d self-employed further education job salary creativity ontario blackberry limited cyclical trends

Authors

Pennington, Scott

Pages
55
Published in
Canada

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