Yes. Academics also take real life into consideration. A major economic disaster could occur, especially in the regions that are already doing poorly, such as Gaspésie and the remote regions.
The MDEIE, the ministère du Développement économique, de l'Innovation et de l'Exportation du Québec, published a research paper three weeks ago. The paper focuses on the shortage of successors. This is the issue at hand. The problem will be less noticeable in urban areas, since people will move to larger cities. There won't be any problems in Quebec City and in Montreal, but the situation could become disastrous in the regions. This issue should be addressed before the situation becomes critical and not once companies are closing. Everyone is saying that, to save companies with no successors, those in charge should prepare three or four years in advance.