this post was submitted on 15 Jun 2023
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I doubt we need that many to balance that particular problem out quite honestly, I'm pretty sure the current rate is just to suppress labour cost inflation.
I disagree. We are already seeing the results of aging population. here is a report from stats Canada about it: https://www150.statcan.gc.ca/n1/daily-quotidien/220427/dq220427a-eng.htm
We aren't immigrating a lot of children, so that report isn't particularly helpful at determining the actual balance. We also probably shouldn't set our entire economy up to handle the wave of baby boomers, otherwise we'll be simply creating another boom cycle in 40 years.