this post was submitted on 07 Dec 2023
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Futurology

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[โ€“] possiblylinux127 -1 points 9 months ago (1 children)

I don't believe that's how it works. Right now there is a ton of demand for skilled labor and I don't foresee that changing

[โ€“] [email protected] 3 points 9 months ago

The unskilled labour market is a lot of people. Using Canadian job data, assuming "service" jobs to be "unskilled" and "goods producing" to be "skilled" that's 14M to 3M jobs.

Take just 20% of the unskilled jobs market and turn it to skilled jobs you almost double it to 5.8M

I don't think you can almost double the skilled labour market and not have negative consequences, there's not that much demand.