New Brunswick in Canada will require huge immigration increase as it faces a shortage of nearly 1 lakh workers by 2026. This is needed for overcoming crisis due to the aging population and scarcity in the labor market. The latest report of the New Brunswick Multicultural Council has revealed this.
The NBMC report has cautioned that the province is on the way to lose 1.1 lakh workers by 2026. This is due to the aging population and the permanent exit of workers from the labor market.
In the same period, just 76,000 students are projected to graduate from High schools in New Brunswick. This will leave the province short of several thousands of workers. Thus, huge immigration increase is needed, adds the report.
The economic impact of the shortage of workers is already decreasing the pace of the province’s growth of the economy. It has forced few employers to move to other locations in Canada or the US, as quoted by the CIC News.
In the absence of sustained population and growth of the labor market the province will face a decrease in tax revenue, says the report. This can endanger public services such as health care when it is most needed by the aging population, it adds.
NBMC has said that the adverse effect needs to be countered. The Federal Government of Canada must work with the province to enhance the population by 1% yearly. This is through increased immigration to New Brunswick, adds NBMC. This will nearly double the existing yearly immigration rate of the province, noted NBMC.
NBMC Executive Director Alex LeBlanc said that 1% is a responsible figure given the national context. At the national level around 1% of the population is added through immigration annually, he added.
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