https://financialpost.com/news/economy/virtual-brain-drain-p...
https://financialpost.com/news/economy/virtual-brain-drain-p...
All I can say is, if you own a company in Canada, you need to work on interesting problems and pay well. Then, you will have your pick of top quality talent. If you are having trouble getting staff, you probably need to about double your salaries.
I interview with CAD companies from time to time and make a point of stating salary/equity requirements on par with the leading global market. Once they match, I'll be back.
Nobody is serious about being competitive, it's all about trying to keep trudging along with whatever people are stuck here. All the talk about investing in tech and so on is just hot air.
120k is about as high as I've seen, unless you're an oil exec or a hockey player.
By comparison my middle-of-the-road IT guy salary was 140k USD (like 180k CAD), and the high-end coder pay has no comparison (save for those exec or hockey types).
Meanwhile as a Canadian you probably speak N. American English, and have a strongly similar cultural background to the US -- easy to integrate -- have access to good, cheap University education, and have access to the NAFTA TN visa, which gets you across the border quickly. Is it really a surprise?
The worst part is how little stock companies are willing to give out. I had one company offer 6k over 4 years, which really puzzled me. Had another company try to sell me on how amazing their 30k/4 years package was (on a lower salary).
It would make sense if the cost of living were lower but it isn’t. Rents and home prices are very high. Tech jobs in lower cost of living places in the US like Kentucky or Michigan often pay much higher than Canadian tech jobs.
On top of that, the American tech industry has a huge number of both existing companies and new startups entering the picture due to the entrepreneurial culture and VC funding infrastructure.
As a result, the job market in the US is more competitive for talent, whereas Canadian applicants have fewer companies to choose from if they don't want to leave the country, and therefore less leverage for salary.
* Hard emphasis and lobbying by oil and resource extraction groups to continue the focus on resource extraction -- aka "the resource curse" https://en.wikipedia.org/wiki/Resource_curse
* Higher taxes. Why pay you 150k when the gum'mnt (fed + provincial) is just gonna take 57%? Might as well just pay you 90k and then throw bennies or a company car. Also means that the money that the consumer would spend is now going to government use.