• zephyreks@lemmy.ca
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    1 year ago

    Feels like the biggest problem is still the tech industry tbh (and by extension startups).

    Canada lacks jobs because the growth profile of employers (large, established companies that grow slowly) doesn’t match the growth profile of the population (which expands quickly and needs more dynamicity). Likewise, Canada’s tech wages are low not because of low base salaries, but low stock compensation. This is inherently because the startup environment is not competitive enough for larger companies to have to compete with stock options. Comparing Google to Shopify again, a senior SWE makes 149k vs. 205k USD (difference being mostly the strong USD and weak CAD). However, while Shopify might give 20k in RSUs or other stock-based compensation, Google gives around 140k, increasing total compensation by more than 50%. That’s the difference. That’s always been the difference.

    Today, Canada likely has one of the highest rates of poorly utilized skilled workers. In the US, that would translate into hundreds of startups trying to make it big. In Canada? It seems to translate into taxi drivers and real estate workers. That needs to change.

  • Rentlar@lemmy.ca
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    1 year ago

    As a Canadian in a TN-1 eligible line of work, I’d have it a lot easier than most if I wanted to work in the U.S.

    The money is enticing but the system there is so broken I’m not sure if I’d still want to, even for an immediate 30% bump in pay.

    Housing is a big problem, we have to get the speculation market out and focus on ensuring we can keep the brains that the U.S. throws to the wayside, from their slow and somewhat racist immigration policies.