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youth unemploymentBNN
•83% Informative
Post-pandemic influx of cheap foreign workers in restaurants and retail stores may be making it tougher.
Canada 's youth unemployment rate is 14.2% -- the highest level in more than a decade outside of the Covid-19 pandemic.
Entry-level jobs for students and recent graduates are much harder to find as the economy weakens.
But the country has imported hundreds of thousands of temporary foreign workers for jobs.
“In a sense what we're doing is we’re subsidizing those activities by allowing them to bring in low-wage workers rather than make them pay a competitive wage,” expert says.
“Wages should go up until labor supply equals labor demand,’s Christopher Worswick , economics department chair at Carleton University in Ottawa .
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