Observation
I am involved in several businesses in the GTA market. 
All of them are experiencing labour scarcity issues. The nature of the work varies from service sector  staff , to light manufacturing, to sophisticated tech and engineering.
I see the income disparity problem, and underemployment, particularily painful in young folks.
So what to do?
You could tax me more and give more money to the underemployed.
You could tax me more and leave more money in ther pockets.
You could lower the cost of gov't and do both of the above ( hell will freeze over first)
You can create better circumstances for business to employ them.
You can borrow more money and give them all a gov't " make work" job .
They can take more accountabilty for their situation and change to meet the new job demands .
- move ,to work
- educate, to employable circumstance  
- hustle ,like their life depended on it

I would bet the last option. I don't see any calvary coming soon.