I fully agree with everything that my colleague has said. I'd simply like to give you a very specific example in the university area in one particular field of engineering, which is electric power engineering.
The reality is that there are not enough professors today in Ontario or most of the rest of Canada, except for Quebec, to graduate the electric power engineers that are direly needed in the electricity sector in Ontario and the rest of Canada. There is actually a crisis right now regarding the number of people we can find to do electric power engineering for the electricity sector.
How do we cope with it? It takes more time to get people. There are things that don't get done. There are projects that get pushed out. If you're building a switching station or a transformer station, for instance, and you don't have the right people, either you're going to pay too much for the transformer or you're going to get an inadequately designed station that will reach its capacity far before the time that you would like it to, far before the normal lifespan if you had the right expert working on it.
That is what is going to happen. It's already begun.