Skilled Canadians Migrate to U.S. Amid Wage Disparity
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
A civic group noted that 120,640 people left Canada last year, the highest number since 1952. The group found that tech workers typically earn 46% more in the United States than in Canada. Furthermore, 34% of immigrants with PhDs leave Canada within 25 years, compared to 16% of high school graduates.
From nationalpost.com
Why it matters
The migration trend involves highly skilled and well-paid individuals, leading a civic group to warn of a potential 'brain drain' from Canada into the United States. This shift impacts the supply of skilled labor within Canada.
From nationalpost.com
Who's involved
- Statistics CanadaTracks Canadian immigration and demographic trends.
- Government of CanadaIs the federal government facing the potential labor drain.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Canadian dollarSpeculative
The Canadian dollar could face downward pressure on its currency due to reduced skilled labor supply.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Skilled worker migration may strain Ontario's labor supplyOntario may face labor shortages and reduced economic potential from skilled worker migrationPossible
- Skilled labor drain may weaken the Canadian dollarReduced skilled labor supply may put downward pressure on the Canadian dollar.Possible
- The Government of Canada may face reduced future economic growth due to skilled labor drainThe Government of Canada may face reduced future economic growth due to skilled labor drainPossible
- Skilled Canadian migration may alter job market data reported by IndeedIndeed's labor market data may reflect changes in skilled labor supply.Possible
- Skilled Canadian brain drain may influence Bank of Canada policy outlookThe Bank of Canada may need to adjust its outlook due to the loss of skilled Canadian workers.Possible
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The entities involved
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Statistics Canada
Canada's principal government institution in charge of statistics and census data
Related events
- Statistics Canada provides new data tracking trends in American travel into Canada.
- Statistics Canada reported on Canada's productivity decline, accompanied by economic commentary from the Bank of Montreal.
- Senior economist at Royal Bank of Canada reported an unemployment dip in Canada, noting that job gains in Alberta and Ontario are key drivers.
- Statistics Canada shared the latest employment numbers for Canada.
- Statistics Canada reported on immigrant worker shares, alongside stories detailing migration trends and gig economy hazards in Canadian cities.