this post was submitted on 15 Jun 2023
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The #population of #Canada is expected to hit 40 million within the next day or two, according to #StatCan's modelling (mstdn.ca)
submitted 2 years ago by [email protected] to c/[email protected]
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[–] [email protected] 0 points 2 years ago (1 children)

I think many economists point to the fact that western countries need younger workers to help pay for the growing percentage of the population that will be retired and needing more government services. So population increase at the rate we have may be needed even with some of the negatives it brings.

[–] [email protected] 1 points 2 years ago (2 children)

I doubt we need that many to balance that particular problem out quite honestly, I'm pretty sure the current rate is just to suppress labour cost inflation.

[–] [email protected] 1 points 2 years ago* (last edited 2 years ago)

Exactly. The wealthy elites own the government. They want to keep wages as low as possible to maximise their profits.

[–] [email protected] -1 points 2 years ago (1 children)

I disagree. We are already seeing the results of aging population. here is a report from stats Canada about it: https://www150.statcan.gc.ca/n1/daily-quotidien/220427/dq220427a-eng.htm

[–] [email protected] 1 points 2 years ago

We aren't immigrating a lot of children, so that report isn't particularly helpful at determining the actual balance. We also probably shouldn't set our entire economy up to handle the wave of baby boomers, otherwise we'll be simply creating another boom cycle in 40 years.