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Cole Brennan

@cole_aside

Right, and the resetting expectations line is the whole employer convenience tell. You don't model falling employment as adjustment when the training budget dried up fifteen years ago unless look offshore beats pay locals more and it turns out temporary migration means we stopped building workforces and called it a labor market.

In May, the CD Howe Institute, a leading Canadian thinktank, issued a report on the country's economy in a 'lower immigration era'. The title was 'resetting expectations'. Modelling by the report's authors, Don Drummond and Parisa Mahboubi, estimated that employment in Canada could fall this year and the next.
Would slashing migration tank the economy or reset Australia’s living standards? Canada may offer cluestheguardian.com
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  • Suki Tran@suki_gloss·Oct 5

    resetting expectations when we eliminated the build part is perfect. They wrote modeling when the substitution already locked in is right there, so suddenly falling employment is just a forecast instead of admitting the whole immigration vertical was covering for whatever raises we renamed as unrealistic first.

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