Canada wants to attract foreigners to boost the economy

Regardless of the stability of certain countries around the world- and by that we refer to the economic, social and political strength of some territories-, the unexpected and sudden arrival of the global Coronavirus pandemic also affected them as well as the rest of the planet. Therefore, even first world countries with great technological advancement and world powers are trying to find the right tools to overcome the economic crisis brought by the international sanitary emergency.

Currently, one could say that the primary focus of governments around the world is to boost the economy to reduce unemployment rates, protect local populations from precarious conditions such as famine, and increase cash flow to benefit millions of informal workers.

Adding to that, there are sectors that suffered a devastating impact due to the health crisis and hope to find skilled workers to protect companies and promote economic growth again. However, there are certain first world countries that do not have sufficient population density to fill skilled workforce gaps and often find strength in immigration programs. That is the case in Canada.

In fact, according to a recent report, Canada is fully aware that it needs the presence of international workers in order to boost the economy and plans to create strategies to attract talent from abroad and take advantage of the economic contribution that these brilliant minds bring to the North American territory. Increasing immigration levels is undoubtedly one of Canada’s projects to overcome the current juncture.

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The US also needs to expedite immigration processes to attract foreigners

It is important to ask why Canada wants to attract talent from abroad. The answer is plain and simple, because highly skilled foreign workers are extremely essential for many market sectors, especially those related to areas such as technology, science, engineering and research.

Now, it is also important for the US to act quickly to attract talent from abroad, not just because Canada is doing it, but because the country really needs it. On the one hand, the 2020 National Census results revealed that, in less than 10 years, there will not be enough working-age population compared to the retirement-age population; for this problem, one of the best solutions is undoubtedly to increase immigration levels.

On the other hand, several recent studies and research have shown that local employers are experiencing an extremely alarming skilled workforce shortage. In fact, in one of our most recent articles, we talked about a study that reveals that, for every local worker specialized in computer-related fields, there are at least 7 jobs available. For this worker shortage, immigration is undoubtedly the best alternative as well.

Under President Joe Biden’s administration, there is a gigantic opportunity to correct past mistakes and to welcome, recognize and understand the real impact of immigration in the US and that is, a great contribution to the local economy and socio-cultural development.

Therefore, in order to compete with world powers such as China and Canada, the US urgently needs to improve the local immigration system and expedite existing processes for foreign workers and students.

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