Experts like Zeke Hernandez and William Kerr discuss Canada's successful immigration system luring skilled workers from the US. They compare Canada's points-based program to the US H1B visa challenges. The podcast explores family separation issues, country branding, and the allure of the American dream. It also sheds light on immigration policies, demographic challenges, and the benefits of Canada's strategic immigration program.
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Quick takeaways
Canada's immigration program focuses on attracting skilled workers through employment-based migration and a points-based selection system, targeting crucial talent for the country's future.
Immigration is portrayed as a significant driver of economic growth, with immigrants playing a vital role in fueling the prosperity of the US economy and society, reflecting the enduring American dream.
Canada is positioned as a welcoming and inclusive society with a focus on social services such as universal healthcare and affordable education, promoting cultural diversity and multilingualism as integral parts of the Canadian dream.
Deep dives
Vanguard's Focus on Active Bond Funds
Vanguard emphasizes the journey in fixed income amidst economic uncertainties, highlighting their active bond funds supported by expert teams utilizing higher yields for smart risk-taking. The combination of expert teams and low fees allows for strategic portfolio management to capitalize on profitable opportunities.
Impact of Immigration on the Economy
Immigration is shown to create economic investment, with immigrants bringing significant benefits to the country they move to. The podcast emphasizes the real existence of the American dream throughout history, depicting immigrants as key contributors to the prosperity of the US economy and society.
Canada's Immigration Strategy
Canada's immigration program is positioned as actively attracting skilled immigrants, with a strong focus on employment-based migration and a points-based selection system to target talent essential for the country's future. The podcast contrasts the US and Canadian immigration systems, highlighting Canada's success at attracting highly educated immigrants.
Challenges Faced by Immigrants in Canada
While Canada's immigration system is praised for targeting skilled workers, there are challenges faced by immigrants, including housing affordability, healthcare access, and employment credentialing issues. The podcast discusses the complexities of immigration integration into the Canadian society and workforce.
Comparison Between the American Dream and the Canadian Dream
The podcast explores the differences between the American dream and the Canadian dream, emphasizing Canada's focus on social services like universal healthcare and affordable education. Canada is depicted as a welcoming and inclusive society, emphasizing multilingualism and cultural diversity as key aspects of the Canadian dream.
As the U.S. tries to fix its messy immigration system, our neighbor to the north is scooping up more talented newcomers every year. Are the Canadians stealing America’s bacon? (Part three of a three-part series.)
SOURCES:
Zeke Hernandez, professor at the Wharton School at the University of Pennsylvania.
William Kerr, professor of business administration at Harvard Business School.