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Re: 10 th draw No Hopes Group
http://www.cbc.ca/news/business/taxes/is-old-age-security-truly-unsustainable-1.1145910
Canada has acknowledged the demographic realities - if the ratio drops too low, they have to cut the safety net by doing things like cutting services and raising the retirement age.
To keep the ratio going, they need a certain number of youth who pay taxes and use fewer services. That's in part why the scores work they way they do. Up to a point, people get more experience (good for wages and international competitiveness), and are more likely to have children. Past that point, they have fewer working years and more expenses.
Canada can keep it's rates up by birthrates (which it isn't), or through immigration.
That being said, they can (and should) be extremely selective in who they bring in. By bringing in people who will help drive the economy (creating more jobs, and raising wages), they help secure Canada's economic future. By bringing in workers without unique qualifications, they increase competition for Canadian jobs and drive wages down.
Selective immigration, not mass immigration, is the way to go. The trick is to differentiate between those who will benefit the society and those who will be a drain - those who will assimilate versus those who will create isolated communities - those who will pay taxes, and those that will use taxes.
Express Entry is trying to move in that direction. That's why simply getting a degree isn't enough to get P/R anymore.
There is, in fact, a demographic problem. Namely, the worker to retiree ratio.cryptic said:There's been the issue since beginning time. Always done fine before mass immigration.
KImmigrants don't get laid off or can't find work lol, says the immigrant
Plenty of countries with literally non existent immigration policies which face the same problem.
http://www.cbc.ca/news/business/taxes/is-old-age-security-truly-unsustainable-1.1145910
Canada has acknowledged the demographic realities - if the ratio drops too low, they have to cut the safety net by doing things like cutting services and raising the retirement age.
To keep the ratio going, they need a certain number of youth who pay taxes and use fewer services. That's in part why the scores work they way they do. Up to a point, people get more experience (good for wages and international competitiveness), and are more likely to have children. Past that point, they have fewer working years and more expenses.
Canada can keep it's rates up by birthrates (which it isn't), or through immigration.
That being said, they can (and should) be extremely selective in who they bring in. By bringing in people who will help drive the economy (creating more jobs, and raising wages), they help secure Canada's economic future. By bringing in workers without unique qualifications, they increase competition for Canadian jobs and drive wages down.
Selective immigration, not mass immigration, is the way to go. The trick is to differentiate between those who will benefit the society and those who will be a drain - those who will assimilate versus those who will create isolated communities - those who will pay taxes, and those that will use taxes.
Express Entry is trying to move in that direction. That's why simply getting a degree isn't enough to get P/R anymore.