At current pace of growth, Canada would double its residence in about 26 years and surpass countries like Italy, France, the UK and Germany by 2050. By adding young workforce to the country, it would help offset some of the economic drag of that Asian workforce. The most obvious strain that we see from high levels of immigration is in the housing market. And this, I think, hurts immigrants themselves as well as younger generations who are renting or looking to buy a house.
Anti-immigration sentiment has been rising on the right in many countries around the world, including the US, UK, France and Italy–even as these nations are grappling with declining birth rates and aging work forces. Canada has decided to try an entirely different approach: welcoming in large numbers of immigrants to fill key jobs and boost the economy. So, how’s it working?
Bloomberg reporter Randy Thanthong-Knight walks us through the ups and downs of this ambitious experiment.
Read more: Mass Immigration Experiment Gives Canada an Edge in Global Race for Labor
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