What’s In This Email

• How Gen Z is rethinking the idea of college

• EI Rates are going up next year

• India suspends visa services to Canadian citizens

• Doug Ford reverses his decision to open the Greenbelt

• Notable spotlight: Gardens of Light Montréal

• Notable plug 🔌

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'The World is Rapidly Evolving': How Gen Z is Rethinking The Idea of College

Gen Z is shaking things up, questioning the age-old belief that a college degree is the only path to success. Many are exploring different avenues to kickstart their careers with skyrocketing tuition fees and the rise of remote work and alternative learning platforms. It's a shift that's prompted some to wonder if our higher education system needs a modern makeover.

Key Takeaways

• Gen Z is increasingly skeptical about the value of a college education.

• Soaring tuition costs are a significant deterrent, making many question the return on investment.

• The pandemic has further highlighted the potential of remote work and non-traditional career paths.

• Many Gen Z individuals are exploring alternatives like trade schools, online courses, and direct entry into the workforce.

• The traditional notion that a college degree guarantees a high-paying job is being challenged.

• Some experts believe the higher education system needs a revamp to stay relevant.

Canada to Increase Employment Insurance Rate Next Year

Canada is gearing up for an increase in its employment insurance (EI) premium rate come 2024. Minister of Employment Randy Boissonnault highlighted the nation's commitment to fortifying its social safety net, especially the EI program. With employment numbers bouncing back post-pandemic and the country grappling with economic challenges like global inflation, the government is doubling down on workforce development and training investments.

Key Takeaways

• Employment in Canada has seen significant growth since the pandemic began, with 983,000 more Canadians employed compared to the pandemic's start.

• Despite this growth, Canada is facing economic challenges like global inflation while its labour market continues to expand.

• The government invests in workforce development, skills advancement, and job training to support Canadian workers.

• The Canada Employment Insurance Commission announced the EI premium rate in 2024 will be $1.66 per $100 of insurable earnings, an increase of three cents from the current rate.

• This rate is still 22 cents lower than between 2013 and 2016, which was $1.88.

• The annual EI premium rate is determined based on a seven-year break-even rate forecasted by the EI Senior Actuary.

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🔌  NOTABLE PLUG

🎙 Get Into It: The Mindset Mentor™ podcast is designed for anyone desiring motivation, direction, and focus. Host Rob Dial has amassed a passionate following of over 3 million social media followers, including business professionals, entrepreneurs, and small business owners, with his expertise and passion for helping motivate people to become the best version of themselves. Listen on Apple or Spotify.

📄 Notable Hires: Director, People & Culture @ Aritzia (Vancouver.)

🎓 Hope This Helps: Notion is the connected workspace where better, faster work happens. Now, with AI.

🧠 Today We Learned: A “contronym” is a word that’s its opposite. For example, if you seed the lawn, you add seeds, but if you seed a tomato, you remove them.

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ABOUT NOTABLE
Notable Life is Canada's hub for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 46,000 top-tier professionals in competitive industries.

Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.