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Canada facing ‘brain drain’ as tech talent leaves for Silicon Valley

theglobeandmail.com

531–540 of 715 posts

Re: Canada facing ‘brain drain’ as tech talent leaves for Silicon Valley

#531

Earlier quoted context omitted.

Vancouver weather is amazing. I know that’s hard for Californians to believe, but it’s true.

It's good for Canada, that's for sure.

I grew up in Los Angeles. IMO, Pacific NW weather is so much better. One season is arguably worse (Winter), but the other three are so, so much better.

Re: Canada facing ‘brain drain’ as tech talent leaves for Silicon Valley

#532
post #462

Earlier quoted context omitted.

Also Canadian (Vancouver / Victoria), spend a lot of time in SF. This has also been my experience but I'm wondering if its just a big city thing in CAD.

I’m a New Yorker, grew up there and now living in SF. Brooklyn was cool, but it didn’t “get” the kind of experimental intellectualism that’s needed in a tech startup scene. Not ripping on my old hometown. They have the intellectualism but haven’t applied it to tech. If I were to go back to New York, I wouldn’t go into tech, I’d go into finance because that’s where the nerds would be. If I may, when I visited Vancouve…

I remember this Ted Talk titled “Where Good Ideas Come From” [1] where the speaker suggests that coffee or the combination of coffee and stimulating conversation catalyzed the generation of ideas and the rest is history up to the birth of Enlightenment. It seems like it’s still happening around coffee shops.

[1] https://www.ted.com/talks/steven_johnson_where_good_ideas_co...

Re: Canada facing ‘brain drain’ as tech talent leaves for Silicon Valley

#533

Earlier quoted context omitted.

Originally from Calgary and I concur with the poster above. Canadians tend to think small. For venture the culture has been so burned by pump and dump penny stocks that there is no patient capital. Canada needs an enormous influx of venture capital. The problem is, is that the crown corporations who can make those bets are limited to investing in Canadian funds. If they could invest 10% into a US fund and the US fund…

Are we talking about entrepreneurs or investors? I was talking about entrepreneurs, myself, and I think my point stands. I agree that the market for capital and venture investing is far different in Canada than in the US. But as far as that is concerned, couldn't it be argued that the market for venture capital and investing is far different in Silicon Valley than in most other places in the U.S., even?

Both. If I am talented and I’m confident that money is available I’ll start a business. If money is scarce I’ll work at BigCo or move to SV and start a company. That leaves you with less than stellar talent. I’ve seen the same thing happen in the agrifood tech space. As more money has come into the sector we’ve seen more high quality entrepreneurs.

Re: Canada facing ‘brain drain’ as tech talent leaves for Silicon Valley

#534

Earlier quoted context omitted.

Socially liberal in some ways, but not in everything. 4 states decriminalized and/or legalized marijuana before any Canadian provinces. 2 of them did it years before Canada was even planning to do it. That is very telling of the two cultures.

Summarizing the social liberal aspect of Canada by the legalization of marijuana seems very narrow minded. There are far more important social aspects than marijuana legalization.

Agreed, like I said, "in some ways". Of course, there are more important social aspects, and it's not an in-depth analysis of the two cultures and it wasn't meant to be -- it simply highlights just how open-minded Americans can be and how conservative Canadians can be and that's all it was meant to be.

Re: Canada facing ‘brain drain’ as tech talent leaves for Silicon Valley

#535
post #412

Earlier quoted context omitted.

You'd have hard time finding an acceptable house that size for less than 1.5M USD in Toronto. Vancouver is slightly higher.

Sure, but a house of that size in the bay area is $3.3M USD.

GVRD (Greater Vancouver) in general uses larger land size for detached house (unfortunately, otherwise more properties can be built).

Anywhere else in Canada (Alberta, Ontario), detached houses tend to be smaller.

In Burnaby (not Vancouver proper)

For CAD$1.7m, you'll get a new-ish duplex (4BR, 3BA).

For CAD $1m, you'll get a townhouse (3BR, 2.5BA).

Vancouver prices tend to hover around 10-30% more than the numbers I listed above.

1BR Apartment in Vancouver probably cost $650-700k.

I think it's tricky to compare Apple to Apple (house X sqft vs same house Y sqft) because it won't be. The comparison has to be generalized a little bit with "Detached House vs Detached House in Desirable Location 'Y' ".

I think most Canadians (mostly Toronto and Vancouver) that are having hard times when it comes to housing price are the ones who didn't jump to the market before 2009, which is hard to do even back then because there aren't many hi-tech companies paying high salary.

Salesforce hadn't opened an office until 2010. Amazon didn't explode the compensation scene until 2016.

Re: Canada facing ‘brain drain’ as tech talent leaves for Silicon Valley

#536
post #337

Anyone know why Canadian salaries aren't adjusting upwards, or why more remote work isn't going to Canadians? And what about startups like Shopify. Do they pay competitive wages? If not, how do they prevent their whole workforce leaving?

The gap difference between local-based companies and the US-based-with-branch-in-Canada is at all-time high at the moment.

Re: Canada facing ‘brain drain’ as tech talent leaves for Silicon Valley

#537

Earlier quoted context omitted.

Socially liberal in some ways, but not in everything. 4 states decriminalized and/or legalized marijuana before any Canadian provinces. 2 of them did it years before Canada was even planning to do it. That is very telling of the two cultures.

marijuana has been de facto legal in vancouver for two decades

Toronto too. I've been "caught" smoking weed by the police in Toronto and they literally don't give a shit. That said, not everyone is willing to accept that -- there's a huge portion of very conservative Canadians who think "drugs" are for dropouts and losers (and don't realize the opposite is true too -- nearly half of the most successful people are doing "drugs" too).

Re: Canada facing ‘brain drain’ as tech talent leaves for Silicon Valley

#538
post #30

Question - now that Amazon is bringing "3000 jobs" to Vancouver, are they going to be paying wages consistent with their US employees, or with (or just above) the local market rate?

Amazon Vancouver pays fresh-grad 95k base + sign-on + RSUs.

I don't know how much fresh-grad got in the USA.

Re: Canada facing ‘brain drain’ as tech talent leaves for Silicon Valley

#539
post #30

Question - now that Amazon is bringing "3000 jobs" to Vancouver, are they going to be paying wages consistent with their US employees, or with (or just above) the local market rate?

My question is: Is this just a parking lot for employees until they get their US visas sorted out?

No. They employed plenty locals.

Re: Canada facing ‘brain drain’ as tech talent leaves for Silicon Valley

#540

Did t we read here a week or so ago the All the H1Bs were leaving for Canada?

Probably maxed out in the USA and have 20+ years green card backlog.

Why not move to Canada for a few years, get citizenship and go back to the USA?

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