4 ms·
That's just silly. The realistic alternative isn't a strong Canada with a strong economy, low inflation, and engaged workforce. The likely alternative is Cana
by michael1999 3y ago
That's just silly. The realistic alternative isn't a strong Canada with a strong economy, low inflation, and engaged workforce. The likely alternative is Canada facing demographic collapse! We'd have a shrinking workforce as the boomers retire, persistent wage inflation as we allocate more and more of the youth into elder-care, rising taxes, and flight to the USA by the talented and ambitions. CPP is bankrupt in 15 years without substantial immigration.
Canada is currently having a spirited debate about levels. It's pretty obvious that 500k/a is higher than we can currently absorb. But 0 is just a recipe for a different disaster.
I gave you a concrete list of people (real estate agents, furniture sales, monopoly owners, retiring home owners) that make tons of money off mass immigration. Your answer is "no they don't".
If you can point to single country in the world that has defeated the stagnation of an aging population, I'm all ears.
But if you are going to give me unrealistic counterfactuals, I might as well wish for a pony too.
Here's Canada's dependency ratios over time:
https://www150.statcan.gc.ca/n1/pub/82-229-x/2009001/demo/dep-eng.htm https://www150.statcan.gc.ca/n1/pub/82-229-x/2009001/demo/de...
And here's the global context:
https://data.oecd.org/pop/old-age-dependency-ratio.htm https://data.oecd.org/pop/old-age-dependency-ratio.htm
We're in better shape that Italy and Japan. But absent immigration, we're in exactly the same boat. The baby boom has turned to baby bust.
- michael1999 3y agoJust look at the crater where our 15-20 year-olds might be. Who exactly is going have babies in 10 years if not immigrants? We literally don't have the numbers to produce the next generation otherwise. https://en.wikipedia.org/wiki/Demographics_of_Canada#/media/File:Canada_2023_Population_Pyramid.svg https://en.wikipedia.org/wiki/Demographics_of_Canada#/media/...