Canadian immigration policy luring tech workers should be a warning to USA
cbc.ca
cbc.ca
- Announce government incentives to lure the types of workers and companies you lack.
- Pretend that you don't need these incentives to lure people. No, you're just leaning into an existing organic trend.
- Invest in PR that cites superficial stats arguing everyone is leaving X incumbent place and moving to you.
- Get a tiny bit of mileage from these efforts which quickly stall out, but pretend it's going well. Fake it until you make it.
- Never address the root causes of why your economy failed to develop in the first place and needed to try these gimmicks.
- Wait a few years and try again after everyone forgets about the last time you tried and failed at this.
An outflow of employees from the American tech sector will mot result in an explosion of salaries in Tech. It’s far more likely to result in a drop in salaries as a disproportionate number of jobs follow those workers, especially since anywhere those workers go will be cheaper for employers than the U.S. due to the aforementioned increase in tech salaries.
US tech workers have benefitted drastically from the agglomeration effects of tech concentrating in certain US metro areas. The de-agglomeration the US is embarking on, both by policy (greatly discouraging tech immigrants) and by worker preference (WFH), will naturally work to stall and maybe even reverse those gains.