Therefore, over the past two decades (Mahboubi,

Therefore, even if the country maintained the level of immigration it didthis year, it would still take approximately seven years to make up forthe gap, ceteris paribus. Furthermore, new immigrants donot fare well in the intimidating Canadian job market. Often, these immigrantsdo not have the necessary skills to land a well-paying job, so that they cansupport themselves and their families. The unemployment rate among immigrantswho landed in Canada within the last five years is on average more thandouble that of Canadian-born workers (Kirby, 2016). For the immigrants to do well in the job market, theymust go through sufficient schooling while also being financially supported bythe government. This support would be given through taxpayer money, which manyCanadian citizens are not too happy about. Consequently, the economic benefitsof accepting a large number of immigrants will only be apparent much later, dueto an impact lag.

While Canada may think increasing immigrants will result inan increase of jobs and a booming economy, in reality, the impact lag of thisdecision outweighs the benefits. A recentcontroversial topic in the economic world is the minimum wage increase thatwill take place in 2018. Ontario and Alberta will soon dramatically increasetheir minimum wages to $15 an hour. Ontario will have the largest one-yearincrease in the minimum wage rate of any province, over the past two decades (Mahboubi, 2017). Since Ontario has the largest share of employees earning the minimumwage among Canadian provinces, a minimum-wage increase of this size will likelyincrease unemployment.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!

order now

When discussing the issue of the minimum wage increase,economists narrow down the impact to lower-wage industries and teen employment.Low wage industries may receive the brunt of the minimum wage increase, asthese are the industries that cannot afford to pay their workers a highersalary (Mahboubi, 2017). With Ontario


I'm Mary!

Would you like to get a custom essay? How about receiving a customized one?

Check it out