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cayleyh | 1 year ago
The problem Canada created is that it tried to reset it's population graph without ensuring that there was an adequate supply of said basics, and in many instances (housing, food prices) had policies that actively undermined what needed to a happen to support a rapidly expanding population. JT and the other liberal leadership read the Century Initiative and all they took away as "we need 100m people!" (https://en.wikipedia.org/wiki/Century_Initiative)
It's not that a country couldn't theoretically be successful resetting their population graph through immigration, but that they would also have to do things that would cause housing prices to fall or more competition (ie less corporate profits) in the other sectors to absorb the extra demand generated -- 2 things Canada has been absolutely unwilling to do in any meaningful until late last year.
3vidence|1 year ago
I believe the economic term is population trap, where your society / economy can't expand fast enough to make efficient use of the addition in capital.
It is pretty clear based on the constantly decreasing GDP per capita.