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by maxglute
869 days ago
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It was fine, but more importantly borderline sustainable, until post covid explosion in Indian student visas, more than system can realistically integrate in short time line involved. The point of skill based immigration is you drain the brightest (and richest) who can generally pay their way and be net contributor right away (tuition etc). When I was in Canadian uni around the 00s, around explosion of PRC international students, they mostly come from wealthy backcgrounds, bought a condo, studied and transitioned into skilled work. They generally didn't work part time while in school. Brought money into economy with stupid consumption. Still drove up RE market / rent, but not the to levels now in the last few years. The richest Indians with $$$ goes to the states due to their remarkably successful Indian disaphora network, Canada gets what's left over, which is still bright/hardworking minds, but they're poorer, and many have to work driving down wages in all segments. Which might be fine i nmoderation but with sheer numbers involved, in the time frame involved, is driving up cost to visibly levels in the few cities where immigrants settle. |
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