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Immigration and its effects on the economy
What are the effects on society of an aging population in canada
The importance of immigrants in the Canadian economy
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(4 The Globe and Mail, 2017). Thus, Canadian immigrants promote prosperity of Canada by sustaining its economic development and social security.
An increased immigration stream can help alleviate the negative impacts on Canada’s economy resulting from an aging population. It is reported that at the present time, the Canadians at the age of 65 and over, constitute almost 16 percent of Canadian entire population and this number is projected to reach more than 24 percent in the next two decade. As a result, Canadian social programs and job market will suffer a remarkable pressure (CIC News, 2017). However, the Conference Board of Canada supposes that if Canadian immigration level keeps increasing stably to close to 407,000 immigrants each year
The first increasingly significant benefit that should be noted is the sheer work force that immigration provides. Due to the Baby Boomers, the native work force will not be a...
Canadians have come along way in their culture and identity. Canadians have participated in multiple wars and battles that have shaped our country and the people that live in this country. But it’s not just the violence what shaped our country but the people and traditions that originated outside of Canada and was brought here. European, British and French cultures and tradition have all influenced Canada’s culture and identity. (Blattberg, C. 13, January 02). Immigrants from all over the world have in the passed contributed to the way we view Canada and because of that we live in a safe, mosaic, multicultural country. (Blattberg, C. 13, January 02).There have also been the First Nations people who started Canada’s good reputation and because of them we have accomplished everything that we have done today. (Blattberg, C. 13, January 02).
The Government of Canada will support all of Canada’s cultures and allow resources to the immigrants who have demonstrated a desire and effort to maintain their own culture and identity.
Renewing Immigration: Towards a Convergence and Consolidation of Canada’s Immigration Policies and Systems, Published by The Conference Board of Canada, p, 15 2008 assed at http://www.conferenceboard.ca/documents.aspx?DID=2758
Immigration is of great economic and social benefit to Canada. It’s an important role in developing our economy, and it shapes the nation into a multicultural nation. Immigration is a significant role in building our economy, providing growth in the labor force, making a strong economy, and becoming a multicultural nation.
An aging population is indeed a problem for the society and will possibly cause many social and economic difficulties in the future. According to David Foot (2003), professor of Economics at University of Toronto, an effective birth rate of 2.2% against current 1.75% will be necessary to replace the current work force in the near future and the government’s policy of bringing in more immigrants will eventually fail (Foot, 2003, 2). However some people predict that the increased size of an aging population will drive growth in the home, health care, and many other industries resulting in job creation and economic growth (Marketwire, 2013, 1). Majority of the people are of the opinion that the issue will be mainly in the health care and economic activity. As humans age, they start to develop health problems, leading to more visits to a medical clinic putting extra burden on health care system.
Throughout the last three decades, increasing numbers of Asians have migrated to Canada from all over the Asian continent. Currently, 44% of the Vancouver area population is of Asian descent (Statistics Canada, 2001). Immigrants commonly occupy skilled job positions that the host nation is unable to fill with its own citizens, and thus they offer many advantages to their receiving country. In a nation with a declining birthrate, such as Canada, their contribution can play a major role on multiple levels. The immigrants themselves often enjoy a greater earning potential than they did in their native country, which can be advantageous for those who wish to send money back home to support their families.
Immigration can can provide opportunities to recently settled immigrants, however, there are negative impacts from the immigration laws as they can imply discrimination towards the immigrants where they have a hard time getting paid properly or getting into Canada. These laws make it difficult for people to achieve their citizenships, government does not help out and foreign workers are treated unfairly. Moreover, these newcomers cannot sustain proper lifestyles as they feel distressed, having improper jobs. Therefore, the foreigner rules of Canada are unjust towards the newcomers living in and coming to Canada as prejudice is shown, rules are severely stricter and lives are
Canadian economists and immigration lawyers are convinced that it is vital for the country to maintain high level of economic immigrants. The main reason for that is their huge contribution to Canadian economy. These immigrants are targeted to fill existing jobs or create new jobs and economic opportunity through investment. Family immigrants and
Immigration affects Canada a lot. For economy wise, equality, diverse, or multicultural. Economy wise, immigration has impacted Canada a lot. Some people may need to know fluent English or French to fit in to the country and adjust. Finding jobs is also another factor. Canadian citizens get access to free health care and education and contribute by paying their taxes. Also, for universities 35% percent of the students come from another country like India to live a better westernised lifestyle.
Canadian Statistics announced the unemployment rate being 7.1% in Canada, and the unemployment rate for Canadians 55 years and older at 6.0%. It is believed that the country will struggle to accommodate part-time or full-time jobs for the seniors to come in the near future. Many seniors have chosen to retire much later to save money in order to maintain a comfortable lifestyle after retirement, it is estimated that 600,000 seniors remain in the workforce in Canada. This complex issue has recently gotten the attention of politicians, with promises to completely fix the issue and lower retirement age which only screams higher taxes for the rest of the population. Some say that the issue of middle class retirement poverty can only be fixed by individuals properly planning and saving, but with people earning average income and below there isn't anything left to save at the end of the month. Another “solution” brought by politicians would be to enhance the CPP which would require working Canadians to pay more so they get more later, but with Canadians not being able to afford paying more there isn't much of a solution. The lack of CPP in the future to come will not only affect middle class, with 76% of workers in private sectors not having a pension plan at all this issue should scare us
In the twentieth-century, the distribution of the population was 3 tiered and there was a large number of younger people than older people. Now in 2016 the population structure is difference because of a result of the decrease in fertility and the steady increase of life expectancy among individuals. In 2006 a low percentage of the population consisted of young people under the age of 15. There was also a low percentage of individuals 65 years and over. There was a high rate of people between the ages of 15-64. At these rates the population shows a projection of the elderly that may well exceed the population of children and young adults. Over the next 50 years the work group will consist of individuals which are similar to what it looked like in the 1960s. The aging of baby-boomers has caused a decline in the number of young adults compared to those individuals retiring. Canada is considered to be one of the youngest industrialized countries in the world. They have fewer senior citizens and more people in its population. The minority population of Canada has elevated and the number of people belonging to a minority group went from 1 million to 4 million. By 2017 the minority population is going to reach 7 million which will represent 1Canadian to
“One of Canada's greatest assets is our creative and hard-working entrepreneurs, and we want to make sure that they have the capital they need to build our nation's innovative enterprises. Leveraging investments from immigrant investors will help support the continued growth of the Canadian economy, a priority for our government.” – James Moore, Minister of Industry ("Strengthening Canada's economy..." 2014).
Foremost, Canadian diversity has proven to be a great benefit. Starting before confederation, Aboriginals - though rightfully hostile at first - became increasingly accepting of European Settlers. This acceptance of diversity is related to trading between Aboriginals and European Settlers which meant increased Canadian prosperity. Recently, Canada has benefitted by bringing immigrants and refugees some of whom fill jobs - primarily labour - which native Canadians choose not to, that can lead companies to relocate to places with a greater job demand.
Immigration poses an ongoing debate in which people are becoming increasingly unsure as to whether immigrants are benefiting their society. This paper will examine three of the main benefits of immigration: the increase in diversity it provides, the rise in skills and labor and the benefits to the economy. Immigration leads to cross-cultural integration, therefore increasing ethnic variety. This increase in diversity is beneficial as it leads to improvements in society, as well as educational development. Increased immigration also means there are more skills and experts available to the hosting countries, as well as extra workers to take up jobs that need filling. Immigration also leads to improvements in the economy as taxes are paid and employment and wages increase.