Canada’s employment rate has steadily declined since December 2017—from 62.0 per cent to 61.5 per cent.
Imagine a world where your car insurance company charges everybody the same premium; the premium doesnt depend on your driving record or the number of claims you make. Nor does the premium depend on your age or other characteristics that increase your risk of getting into an accident.
Such a system seems absurd because it benefits bad drivers at the expense of good drivers. But this is exactly how Canadas employment insurance (EI) program operates.