For almost 50 years Canada has done a thoroughly crappy job – to use the technical term in economics – of fostering a labour market that would provide for steady, year-over-year increases in real pay for working Canadians. I calculate that in 1976 it would have taken a worker earning the median employment income six years to save enough for a down payment on a typical single-family home. In 2020 it would have taken 17 years. If that worker lived in Greater Toronto or Vancouver, it would have taken 28 and 30 years, respectively.
Canada’s immigration policy in a nutshell: Corporate Canada wants fear ridden malleable wage slaves and our politicians dutifully provide them.
How brazen is corporate Canada? Recall that Tim Horton’s incorporated the import of foreign labour under the TFW into their business model.
“A growth model that relies on opening vast numbers of new stores every year also relies on nearly unfettered access to cheap labour to keep profit margins from getting crushed. Tim Hortons has regularly said as much in its annual reports, in the section where it lists all the potential risks to its business: Any labour shortage due to “the cessation or limitation of access to federal or provincial labour programs, including the temporary foreign worker program,” could lead to declining revenues, profits and brand reputation.”
