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A friend of mine recently finished his engineering PhD at the University of Toronto. He received employment offers from an American firm and a Canadian firm. Th
by dfdx 2y ago
A friend of mine recently finished his engineering PhD at the University of Toronto. He received employment offers from an American firm and a Canadian firm. The Canadian firm offered a total compensation package worth 80,000 CAD (~55,000 USD); the American firm offered him nearly 275,000 USD.
- amarka 2y agoI can’t believe Justin Trudeau would lowball your friend like that.
- somedude895 2y ago[flagged]
- wg0 2y agoROLF
- cmrdporcupine 2y agoI hate the F Trudeau crowd almost as much as I hate Trudeau, but Low compensation ranges here are in fact in part the fault of fed gov't policy. Industry freaked out about "labour shortage" and the government responded. The database of LMIA (Labour Market Impact Assessment) applications is public. You can see for yourself how many thousands of software engineering jobs were filled this way. (Including by big "elite" tech companies like Apple, Google, Amazon, etc.) This was deliberate policy to bring in foreign talent from India, China, etc. in order to fill a "shortage" of us, which well, that shortage was less about "can't find someone" as "I can't find someone cheap enough." In this case I don't actually blame Trudeau or the libs -- they're on the whole too stupid about our sector to understand that in fact these low compensation ranges harm our industry more than they help. I blame corporate interests who have the ear of the gov't and misled them into thinking that somehow this would make Canada "competitive" in information tech. All it does is force good talent to leave the country, and encourage sweat shops to open up offering mediocre "IT" services. We're subsidizing our own Canadian students to go through great schools like U Waterloo, etc. and then losing most of them the moment they graduate, as they go to the US on a TN1. And in exchange... I've been in this industry long enough (25 years) to have seen things go up and down relative to the US a few times. This is the worst it's ever been. Especially because you can no longer make the argument that "I may get paid less but it costs less to live here" -- that ship sailed 10 years ago.
- seizethecheese 2y agoPeople usually blame the country’s leader for any and all economic issues, whether fairly or not.
- cmrdporcupine 2y agoWe do, broadly, have a problem in Canada with people blaming the federal govt for things that are not under its jurisdiction. We have a very federal system, and the provinces have a lot of power. But in this case, yes, I think federal policy is directly implicated.
- joshl32532 2y agoIn this case, it's definitely Trudeau's administration fault by flooding the Canadian job market with immigrants, which lowers job compensation and increasing housing cost.
- jpalawaga 2y agolow salaries in canada existed long before trudeau and will exist long after.
- cmrdporcupine 2y agoThey've always been lower, but it was always 20%ish lower. Now it's like 50%. And in the meantime, housing prices have gone up exponentially. Housing in greater Toronto is more expensive than the Bay Area, but the compensation is far far lower. I'm not one to blame Trudeau personally, or even immigration per se. I think there's a multitude of factors. But it's best not to deny the situation, which is that in the last few years there's been... problems... in the Canadian SWE labour market.
- energy123 2y agoLump of labor fallacy. The pie is not fixed.
- s1artibartfast 2y agofallacy fallacy. The pie is not fixed, but does not necessarily grow >1:1 when people are added.
- Spivak 2y agoRight it grows larger.
- s1artibartfast 2y agonot necessarily, thats my point.
- deleted 2y ago[deleted]
- kridsdale1 2y agoThis was my experience too, scaled back in time to when I graduated in 2010 from UBC.
- 11101010001100 2y agoFor reference, Harper was PM in 2010.
- bamboozled 2y agoIs there only one engineering firm in Canada ? I guess you’re trying to say there is no money there because of Trudeau ?
- 11101010001100 2y agoI have a friend who did something similar about 15 years ago. They are moving back to Canada this year.
- canucker2016 2y agoCorrelates well with the Univ.Waterloo System Design Engineering Class of 2023 Profile - https://nguyen-kha.github.io/SYDE_2023_Class_Profile_Official.pdf https://nguyen-kha.github.io/SYDE_2023_Class_Profile_Officia... Relevant slides are #97 and #101. Percentage of class with Full time positions outside of Canada: 71.5% Median Total compensation for US positions is about double the Median Total compensation for Canadian positions.
- 946789987649 2y agoYou could argue similar for US/UK, but I would still rather live in the UK.