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alex smith
Economics Explained
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Comments by "alex smith" (@alexsmith-ob3lu) on "Why Canada Can't Solve Its Population Problem with Immigration" video.
Not surprised by what you say. Canadian banks did a recent study on high immigration levels and found that high immigration is not driving economic development. 85% of new jobs are taken by native born Canadians or immigrants who have been living in Canada for more than 10+ years. A lot of newcomers are either under employed or unemployed. Things will only get worse as the Canadian economy has been constantly shrinking since 2020.
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25 year old Canadian here (working in the skilled trades) and you missed some major pieces of evidence in this video. The vast majority of immigrants coming into Canada cannot find work in their field of study and have to take on unskilled, menial work. This can be seen with the fact that 85% of new jobs are taken by native born Canadians or immigrants who have been living in Canada for well over 10+ years. Major banks in Canada (BMO, TD, Scotia etc.) did a study on this and found that high levels of immigration is not helping anyone.
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@sanjaykumarsingh1970 Canada has the highest educated taxi drivers in the world. Many recently arrived immigrants who were medical specialists, doctors, nurses etc. back in their home countries, end up working as taxi drivers in Canada because their skills and experience cannot be transferred over.
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Housing in big cities are really, really expensive. Same can be said with rent as well. Rent is crazy high in Toronto and Vancouver. The only places that have cheap housing in Canada are in small towns with less than 100k people. Only issue is that there are no jobs in these places, so its tough choices for everyone.
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@GazalKwatra Most of these well educated professionals remain under employed in Canada for the rest of their time spent here. Most Canadian taxi drivers are medical doctors/nurses who can never transfer their skills and experience over. You'll also find many auto body technicians with engineering degrees but cannot work as engineers in Canada because of economic limitations.
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