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Canada's new subsidy program is worth looking at if you care about how policy shapes markets. The government covers 40 hours of minimum wage labor per week for any company that hires a foreign worker. That's a full work week paid for—essentially free labor.
Break down what this creates: employers get subsidized foreign hiring while local hiring carries the full cost. The math is stark. A company paying full freight for a Canadian employee suddenly faces a different calculus when a foreign worker costs them nothing for 40 hours weekly.
So here's the uncomfortable question hanging over this: Under these conditions, what's the actual incentive to hire domestic workers? You're looking at a policy structure that economically penalizes local employment. Whether intentional or not, it flips the cost-benefit equation. Companies optimize for margins, and if the subsidy makes one path cheaper, they take it.
This touches on something crypto and decentralized markets care about—how policy incentives ripple through systems and create unintended consequences. When governments subsidize one behavior, they're essentially taxing the alternative.