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Here's my issue with your argument. The article we're commenting on is about Canadian companies being frustrated cause Google/Facebook/Microsoft/Apple hire away
by eigenvector 9y ago
Here's my issue with your argument. The article we're commenting on is about Canadian companies being frustrated cause Google/Facebook/Microsoft/Apple hire away all the best Canadian talent.
As a rule, Canadian citizens are highly mobile to the US due to the TN visa, the lack of a language barrier, close proximity and the extreme similarity of cultures.
So if Canadian companies actually need that talent, and for some structural reason related to being located in Canada they are unable to pay for it, then their business isn't viable. Full stop.
If Canadian businesses are just less profitable and less productive and therefore can only afford lower wages, that's fine. They will get the talent that isn't mobile for one reason or another. Some Canadians choose to stay in spite of the lower pay, some developers just aren't able to get hired at top US companies, and Canadian immigrants who aren't yet citizens are mostly locked out of the US job market.
The problem arises when Canadian business think they can keep the low pay and get people to turn down Google to stay in Toronto. If you're trying to do, say, an AI-focused startup in Canada and you think you're going to hire top people away from Google for $100,000 CAD because Trump, that's not going to happen.
So if Canada wants to have companies that aren't "X but for Canada" but rather actual global internet companies, they should expect to pay global internet company wages.
- mattmanser 9y agoThere's viable and there's fuelled by VC cash. There's no Full stop. America's able to lure these workers by relying on easy investment money, not business viability. You're pretending that there's an even playing field, and there isn't. If there were an even playing field, every firm would have left the valley decades ago to find cheaper workers. But that's just not how it works.
- deleted 9y ago[deleted]
- cuckcuckspruce 9y agoWhat is keeping that VC cash in America then? If they can get a higher return on a smaller buy-in in Canada, then why don't they?