Chapter 8 Blog

Chapter 8 – Stabilization Policy
We need immigrants, not Bill C-50
http://www.canada.com/abbotsfordtimes/news/upfront/story.html?id=fb082261-5871-4109-918f-e9f45066a05f

Bill C-50 is Stephen Harper’s way of limiting immigration applicants and to focus more on skilled immigrants. However, his action will cause several negative effects due to Canada’s current economic situation. With the baby boomers retiring, more jobs are becoming unfilled and Canadian citizens do not have human resources and capital to fill these jobs. The article argues that by introducing Bill C-50, immigrants will not be able to bring the rest of their families into Canada once Canada reaches its cap. However, Canada needs these parents who are immigrants. Canada needs to place children into conventional education systems so that these children can benefit and thrive from future job opportunities. Canada needs people who will jobs that the baby boomers leave behind. The article ends by saying that if Canada does not have enough people to fill the demands of labor, and then the Canadian economy will stall.

Stephen Harper’s Bill C-50 will destabilize the economy. The immigration policy is created so that qualified workers will be let in so that the supply of labor can match the labour demands better. However, it was created to meet humanitarian needs as well. Immigrants are needed so that they can settle in areas which are less populated so that the geographic dimension of structural employment will be reduced. Also, there are jobs which are unfilled and Canadians do not have the skills to take these jobs. When jobs are unfilled, productivity levels are lowered and perhaps a state of disequilibrium will occur when the quantity demanded exceeds the quantity supplied. Then the prices will also increase and people will be less willing to spend, therefore there will be a decrease in circulation of money and causing a stall in the economy.

With the increasing job openings in Canada, Stephen Harper’s Bill C-50 and his way of limiting immigration applicants may cause a problem –a decrease –with our productivity level in Canada. When the baby boomers retire, many of the government pension plans will be brought to them. We need to bring people to fulfill Canadian jobs to stabilize our increasing GDP, and taxes. I disagree with the implementation of Bill C-50. Immigrants who are unskilled can become trained and can adapt to Canadian jobs. With the Human Resources Policy, governments have already started many programs to help reduce structural unemployment. Restricting immigrants to come in not only dissatisfy humanitarian needs, but also labour demands as well by keeping our jobs unfilled and slowing down the economy.