Earlier quoted context omitted.
I completely agree with your conclusion, this is why I feel that European tech companies can't compete with US ones at all. They just refuse to pay enough to attract the best engineers.
Well here's a North American company clearly not willing to pay competitive software engineering rates even within the continent, and trying to take advantage of sub-regional low rates. Like, they're not in Toronto, but just west of it, and companies there are paying less, so, hey, they should pay less, too, right? You get what you pay for. This is what happens when HR drones are allowed to do naive "compensation ran…
Companies don't seem to get that even though software devs tend to make more than most, the reality is that in the GTA or GVA it literally costs between $600k and $2m for a modest home. Even a renter would be stupid to not factor in the likelihood their rent will dramatically increase during the time they'll be employed.
Ya, great that I can afford a tiny studio basement suite while splitting rent, but I can't yet whether any significant emergencies or really think about eventually renting a place with a bedroom in it.
Everyone in lower income brackets is just really scraping by more than they'd care to admit.