Immigration’s Counterproductive Results:
The relationship between GDP, productivity, and immigration
—Canada has to divert capital, and some of the 1.6 million workers engaged in construction, into the non-residential business investment that’s the lifeblood of a healthy and sustainable economy
By Colin Alexander —— Bio and Archives--May 14, 2024
Canadian News, Opinion | Comments | Back To Full Article
Immigration Minister Marc Miller embraces the mantra that Canada needs immigration to keep the economy going. That’s how experts say we’re supposed to get economic growth along with improvements in productivity and higher per capita GDP. But is that true?
There are 2.5 million temporary residents in Canada, comprising 6.2 percent of the population, or barely fewer than the population of Toronto. Minister Miller’s claimed objective is to bring that percentage down to 5 percent.
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