What's the Ontario Government doing about the over-supply of teachers?

University Affairs, Canada's main trade magazine on the post-secondary education sector, recently published an insightful article about the over-supply of teachers in Ontario's labour market. It covers a lot of points that I've addressed before about how the government let this situation fester and left students holding the bag for this remarkable failure in labour market planning. Remember that direct government interventions into labour market planning are relatively rare these days, with education and medicine faculties being perpetual targets given the close linkages to the public sector spending that occurs these areas. Ontario's Liberals promised to double the length and cost of a B.Ed. degree if they were re-elected, but it remains to be seen what will come of this policy balloon. For more thoughts on the situation facing young teachers, see: here and here.