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Finding A job vs. THE job are very different thing.
Sure, a person with a PhD in science can apply for a janitor position, but that's an awful waste of human resources.
The problem Canada, and pretty much many many countries in the world is that very problem. People with or without qualification are fighting for the very limited positions available. And many of them would be consider underemployed, as they have the ability to do so much more.
And a person goes from making 10k a month to 4k.... it might sounds nothing... just a temporary thing. But when you have MILLIONS of people like that, the economy is in huge shit. That's why I think anyone who's expecting a V-shaped recovery is in lunacy.
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Nothing for now
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