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And if they displace someone trying to join the engineering workforce say right out of school? What about housing?
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There is no fixed demand for jobs, nor fixed supply of housing. Immigrant consumption creates a lot of jobs and immigrant labor creates a lot of housing
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Look up the "lump of labour fallacy". The jobs market is not a zero-sum thing.
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The timescale that the "lump of labour fallacy" operates on, as in the aggregate effects on employement, doesn't necessarily work for most people (individually).

Therefore it isn't really a good metric at the scale required to alleviate the problems people are facing.

"Eventually it will work out." Isn't proffering a solution.

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