Bank of Canada’s Poloz to jobless youth living with parents: Work for free

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#cdnpoli Work for free? Not a long term solution to Youth Unemployment! #canada #youth #economy

Financial Post | Business

How bad are things in Canada’s job market? Bank of Canada Governor Stephen Poloz says bad enough for young people to consider working for free.

Adult children stuck in their parents’ basements because they can’t find adequate employment should take unpaid work to bolster resumes as they wait for the recovery to take hold, Poloz said Monday in Toronto.

The Bank of Canada estimates about 200,000 young people want to work or work more, and Poloz said they may be scarred by prolonged unemployment that prevents them from moving out on their own. He said he’s been asked for advice on how young people can find work.

“Having something unpaid on your CV is very worth it, because that’s the one thing you can do to counteract this scarring effect,” Poloz told reporters was his advice to discouraged youth.

The Bank of Canada Governor referred to discouraged young workers several…

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