This report will discuss how immigration can assist the Canadian economy to fill labour gaps more efficiently and effectively. The future of Canada's economic growth lies with a productive immigration policy that will attract the foreign individuals needed to fill our skilled worker gaps. For many years, the governing bodies of Canada have been aware that the labour force in Canada would diminish to a point where it could no longer effectively supply enough skilled workers to meet the countries needs due to a decreased birth rate and high levels of people leaving the workforce.
There have also been many discussions covering future labour shortages, including particular concern for the shortage of necessary trade's people required for the construction industry. Other concerns were that sixty percent (60%) of the operating Royal Canadian Mounted Police will be retiring before the year 2010 together with many individuals that, after completing post secondary education, are leaving Canada in search of jobs with better pay and benefits, giving credibility to the idea of the Canadian Brain Drain'.
This foresight led the government towards decisions that would help expand the labour force in Canada. An immigration policy was instigated that invited foreign people with various skills and trades together with foreign people who were interested in investing in Canada's future, the opportunity to live and prosper in our country. However this policy needs to be revised to give applicants, with the necessary skills, priority over those with no marketable skills or knowledge of a least one of our official languages. Thesis Statement
To ensure Canada's future economic growth a productive immigration policy, which is focused on attracting skilled foreign workers, is crucial to ensure labour shortages are minimized.
Under the current immigration policy there are three categories of immigrants: Skilled Workers
The government of Canada created a new strategy called the Skilled Workers Program in February 2002, which operates within the 2002 Immigration and Refugee Protection Act (Variyam, 2007). This is a points' based system that forms the basis of the qualifications of the skilled worker. It emphasizes the human capital factors that would be predictors of lifetime productivity and labour market adaptability (Variyam, 2007) and will contribute to successfully integrating into Canadian society and contributing to the country's economic growth. The current categories that are covered when determining eligibility for immigration include: 1.Level of Education
2.Languages, English and/or French
6.Adaptability, to lifestyle in Canada
A total of 67 points is required in order to be eligible to apply for permanent residence in Canada (reduced from 75 on the 18th of September 2003 (workpermit.com, 2007)). The reduction in the point's requirement was a significant step in ensuring that immigration levels increase as there are far more jobs available, due to our older population retiring, than citizens available to fill them. Current processing time for applications is between 18 62 months
Business Class (Entrepreneurs and Investors)
An alternative immigration route to the Skilled Workers Program is through the Business Class. This program targets individuals who have an entrepreneurially focus and involves the immigrating individual to meet certain criteria which includes: 1.The individual must have a net worth of $800,000 (Investor) 2.They must invest $400,000, interest free, which is used for economic development and job creation by provincial and territorial government for a minimum of five years. 3.Within 2 years of arrival must hold at least one-third of the equity of a Canadian business, be actively involved in management of business, and employ at least one Canadian citizen or permanent resident. 4....
Public PolicyImmigrationPolicyImmigration is important to a nation’s growth and economy. As of 2012, U.S. immigrant population is 40.8 million, or 13% of total U.S. population (Nwosu, Batalova, Auclair, 2014). Between 2011 and 2012, foreign-born population in the US increased by 447,000, or 1.1% (Nwosu, Batalova, Auclair, 2014). 16% of the United States civilian labor force, or 25.7 million out of 157.6 million workers is made up of immigrants (Nwosu, Batalova, Auclair, 2014). The top 5 U.S. states for number of immigrants are California with 10.3 million, New York with 4.4 million, Texas with 4.3 million, Florida with 3.7 million, and New Jersey with 1.9 million (Nwosu, Batalova, Auclair, 2014). However, immigration is a controversial issue. Just like many issues, the Democrats and Republicans have apposing viewpoints when it comes to immigrationpolicy. The Democrats are pro-amnesty, while Republicans are anti-amnesty. In the United States, most of the illegal immigrants enter the country through the US/Mexico border. As of 2011, there are around 11,500,000 illegal immigrants in the United States (ProCon.org, 2013).
With this many illegal immigrants in the country, it causes problems. For example, it puts an economic burden on tax-paying citizens by taking away jobs from US citizens and giving some businesses unfair...
...Immigration is the movement of people from the home nation to another nation with the intention of residing there permanantly. Emigration is the contrasting term referring to the movement of people permanantly leaving a nation. Heavy emigration occured in the 17th and 18th centuries from Europe to North America. There were major pressures from both areas that gave rise to these flow of immigrants, encompassing the push and pull factors which led to this. Push factors are influences that encourage the migrants to leave their place of origin. They include such things as overpopulation, war, social unrest, natural diaster, and lack of economic opportunity. The influences that encourage people to migrate to a specific location are pull factors. Available work, religious or ideological toleration and political stability encourage immigration. These two factors combine with other influences to determine the overall structure of migratory movements. Millions of Europeans migrated, many resettlling in colonies established by their home countries.
The first immigrants to colonial America came almost exclusively from Western Europe. During the first decades of the 17th century, settlers from England colonized Virginia and New England. In 1607, the British presence was established in North America when the London Company established a settlement in Jamestown. (Atack and Passell, pg.29) The English settled into Virginia in the...
...economy then small countries would likely follow and certainly major financial shockwaves would be felt around the world. According to a report published by the Center for Continuing Study of the California Economy (2004), “The conclusion of most research on the subject is that immigration provides net economic benefits to domestic residents. In other words, immigration provides net benefits.
In addition findings such as the following found in the report done by the Center for Continuing Study of the California Economy (2004), points to positive indicators from immigration, “…. domestic migration to California has been positive except during the economic recession in the early 1990s. While it is possible that individual residents may have moved out of state in order to avoid competition with immigrants, the overall trends show continuing domestic migration to California even as immigration remains high and housing prices move to record levels in relation to the rest of the nation.”
Non supporters of immigration publish their opposition to immigration. Reports like the one written by the Federation for American Immigration Reform, “Immigration, Energy and the Environment” have made parallels to immigration causing, and at the very least not helpful to the reduction of greenhouse gasses. This view by...
EconomicpolicyEconomicpolicy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.
Such policies are often influenced by international institutions like the International Monetary Fund or World Bank as well as political beliefs and the consequent policies of parties.
Types of economicpolicy
Almost every aspect of government has an economic aspect involving a near superfluous quantity of terms. A few examples of the kinds of economicpolicies that exist include:
* Macroeconomic stabilization policy, which attempts to keep the money supply growing at a rate that doesn't result in excessive inflation.
* Trade policy, which refers to tariffs, trade agreements and the international institutions that govern them.
* Policies designed to create economic growth
* Policies related to development economics
* Policies dealing with the redistribution of income, property and/or wealth
* As well...
...U.S. ImmigrationPolicy Reform
The United States is well- known for its greatly diverse population, and the nation is receiving continuous influx of immigrants year by year. As a result, American economy and even its culture have been deeply influenced by increasing alien population over time. The United States has become an empire with the dominant economy in the past few decades. Although it is undeniable that the U.S’s competitive society and low-cost undocumented labors are the most important factors of the impressive national economic progress, the illegal immigrants have caused different kinds of inconvenience to the nation. The increasing demand of social benefits cannot be fulfilled by limited government budget; public services are undergoing overuse due to the growing population. Therefore, it is significant to improve the U.S. immigrationpolicies by restricting the illegal immigrants’ benefits and legalizing more undocumented workers in order to reduce the national burden.
Creating a pathway to undocumented immigrant’s legal status is effective to help with the U.S. government budget problem. Undocumented labor force triggers the government’s budget deficits despite the fact that they have been contributing to the national economy in the big picture for decades. According to Sonia Nazario, the author of “Benefit and Burden”, the unauthorized immigrants generally make less money and also...
Economics 1 Assignment
Name: Shaun Neo Wei Qiang
Student CT NO. : CT0209608
Date : 18th April 2014
Module : Economics 1
Lecturer : Mr Wong Hean Hoo
1) Introduction 2
2) Relating to the Article – Inflation 3
3) Some of the causes for inflation 4
4) Managing inflation 5
5) Conclusion 6
6) Biblology 7
7) Actual Article Selected 8
The article I chose Is from Today Online(with approval from Mr. Wong), which is heavily categorized under inflation .Reasons for choosing article due to that its related to present findings and forecast of the general economy. MAS touches on the housing, labor markets, wage pressures and Inflation forecasts.
Economic Terms of Inflation
Inflation can be defined as a continual increase in prices for goods which happens over a period of several months usually. Whenever inflation strikes, the purchasing power of consumers declines and the ability to purchase goods drops. This means that during a period of Inflation, the $X of money you spend only allows you to purchase a smaller portion of what you used to be able to purchase (full portion) before inflation. It can also be deemed as money losing its value overtime. Comparison of the difference in CPI(Consumer Price Index) is also vital. CPI is made up 6,500 of goods and services pertaining to general items...
...Immigration in the United States
November 24, 2012
Immigration in the United States
Immigration is a complex phenomenon that has played a major role in the growth of the population in the United States. It is described as the entrance and long –term stay across the national border without receiving appropriate legal documentation. Illegal immigration in the U.S. has soared to a massive scale. As many as 14 million families live in the United States illegally in which at least one is head of household. Illegal immigrants can be deemed as illegal by entering the country without authorization or inspection, staying beyond an authorized period or after legal entry, or by violating the terms of legal entry. Why do people immigrate? Many people immigrate for a variety of reasons. Some relocate by force or fear, escape form prejudices and persecutions, and while others are primarily voluntary. Granted the move may be a necessity, it can be somewhat of a traumatic and challenging experience. Immigrants steal from the federal government, destroy private property, and hurt hard working U.S. citizens. Immigration should have stipulations because it would alleviate certain economic issues, reduce the criminal activity, and benefit the nation health wise.
Illegal immigrants who travel from Mexico and Central America usually come for economic reasons...
ImmigrationpoliciesImmigration reform is a topic that has been discussed heavily and heavily debated in congress for quite some time now. Which in hand those debates have led nowhere. All we keep doing is just putting a delay on immigration reform, and all that’s doing is wasting money, time, and lives as well. Lets talk about how much money we’ve estimated to spend since our last overhaul… $186.8 billion alone onimmigration enforcement, but yet with all that money paying for immigration enforcement it still didn’t keep immigrants out of the United States nor did it convince them to leave. Even after all that money we’ve spent to make the enforcement better the numbers of unauthorized immigrants have tripled to more than 11 million. So no matter how much money we’re paying for the enforcement it wont stop illegal immigrants from crossing the boarder and trying to get into the United States, yeah it might make it harder for them but doesn’t mean they wont find a way of getting in.
Since the 1990’s our immigration enforcement budget has increased massively but has yet to prove any effective methods of deterring unauthorized immigration. Since 1993 when our current method of our border enforcement was first enforced along the Mexican/USA boarder, the annual budget was $363 million and now has increased to more than $3.5 billion. Each border enforcement...