Is the housing crisis pricing out the skilled newcomers Canada wants to attract?
Is the housing crisis pricing out the skilled newcomers Canada wants to attract?
Yes but they don’t find out until they get here and then they’re fucked. If these people knew how high the cost of living here really was compared to potential income they wouldn’t immigrate. So we just keep a bait and switch happening with these poor bastards.
Not to mention that when the government says we need immigration, what they mean is we need uninformed people to come and accept lower wage jobs to keep incomes from rising. We don’t have holes in our employment. We have holes in fair pay employment. So instead of paying someone a fair increase annually, we just don’t, and find someone to fill that spot for cheaper instead.
what they mean is we need uninformed people to come and accept lower wage jobs to keep incomes from rising
If that's the case, they have failed miserably. Wages have been rising at 5% of late.
In actuality, what the government seeks is more taxpayers. It is the easiest way to increase revenue.
5% after 20 years of stagnated wages is still unimpressive if you ask me. And those wages have gone up because workers just won’t work for less. But immigrants will. The government gets their tax dollars.
Obviously it’s more complex but the housing crises, wages, inflation, it’s all connected and relative to each other. We are so screwed
If you haven't gotten an 11.29% raise doing the same job since 2021 then you are making less money today than you were then.
5% is in the right direction, but we're in quite the earnings deficit.
I mean, it's pricing out nearly everyone tbh.