Economics Explained
Why Canada Can't Solve It's Population Problem with Immigration
Feb 26, 2024
Exploring Canada's population dilemma, the podcast discusses the housing crisis due to limited construction, immigration challenges balancing economic growth and housing affordability, and the impacts of tight zoning regulations on skilled migration for economic development.
14:06
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Quick takeaways
- Skilled migration can boost the economy by filling workforce gaps and increasing tax revenue, but it can also strain housing affordability.
- Canada's population trap dilemma highlights the need for a balanced approach to immigration policies to maintain economic stability and address housing supply shortages.
Deep dives
Benefits of Skilled Migration for Economies
Skilled migration can significantly boost an economy by filling workforce gaps, providing upfront economic stimulus, and increasing tax revenue. When skilled workers move to a new country, they bring spending money, contribute to economic output, and support the needs of an aging population. Additionally, skilled migration attracts investment and enhances productivity, essential for sustained economic growth.
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