True, but think that one through.

You free up a sizeable portion of the service and basic labour pool, which is made up of several broad demographics - older Canadians that have to work to survive, younger Canadians with no skills/education/experience, or educated Canadians that took programs that have no sales value in the market.  What does this move free them up to do? For the most part, what they are doing is what they are qualified to do, already, so they aren't routing to another industry.  Some might have the wherewithal to re-educate or retrain, using that money to backstop them in the meantime, but would most?

The exodus would have to be larger than the current surplus, to even make a dent in employer practices, and those employers have a new pool of people arriving every year.  They are already skewing heavily to immigrants with hiring, visibly. This would just speed up that transition.