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worn down
Zeihan on Geopolitics
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Comments by "worn down" (@worndown8280) on "Demographics Part 2: The Canadian Treadmill...Stops" video.
@jon_jpn Its not a win for the workers already in Canada. They will see their wages stagnate or decline. Thats a political problem. Canada's core problem is that its an export driven economy in a world awash with export driven economies. Its one saving grace is that it shares a border with the US. What Canada needs, which Zeihan didnt overtly say but infered, is internal demand. Hence his comment about older people buying property and then ghosting off to another country to live.
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@jon_jpn internal demand is primarily from those who create families. Wage stagnation is a problem when you flood any field with foreign workers, domestically, while at the same time subsidizing their education.
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