A policy review: impact on labor - Essay Example

icy, Regulation and Impact, says, “Lack of recognition of foreign-based skills and education is a major issue, with a subsequent waste of human resources and loss to the Canadian economy.” Interestingly, most experts look to the predictions of the analysts seriously and they picture on the position of Canada in the global world while ignoring the reality that Canadians, either whites or colored or the previous immigrants have been left out of jobs considerations because firms are looking for continuously cutting costs and reaping on bigger profits.

The irony of cutting cost and earning higher profit is the decline in quality and services. Even labor benefits are disappearing. Ford and Toyota, for example, are reducing working benefit such as healthcare and other insurance schemes. Indeed, the notion of recruiting foreign labor is to meet political purposes rather than meeting economic realities. Abdurrahman Aydemis and George Borjas (2007) say that this increasing recruitment of foreign workers has dramatic impact on domestic workers both on wage and on their working opportunity.

In addition, the recruitment is targeting skill mix immigrants; therefore, they are curtailing the growth of Canadians’ earning and dampening the country’s labor market trend to greater earnings. At the same time, it spurs earning inequality. The emergence of foreign workers depresses Canadians’ desire for higher earnings. Firms would likely let them go if they require promotion in wages and replace them with the new immigrants either they have the requirements or not because firms are focusing on short-term cash expenses rather than long-term or the economic future of the firm.

The current trend in labor employment recruitment is what firms call it “employable skills,” which are friendliness, willingness to help, and willingness to be trained. Education and knowledge are no longer considered as the requirements in the labor market. This requirement eases the hiring of