Waterloo grad here. Seeing pretty much the same thing.
Really not difficult to imagine why Canadian tech companies have mostly stopped being competitive on the global stage, considering most of the talent they have access to at these pitiful salaries are essentially left-overs.
Unfortunately, I honestly don't see how the situation can improve. It's a classic tragedy of the commons situation. Companies act in self-interest by paying as low as they possibly can, with no regards for the damage being done to the Canadian talent pool, and have little incentive to do otherwise until most of their peers do the same.
Really not difficult to imagine why Canadian tech companies have mostly stopped being competitive on the global stage, considering most of the talent they have access to at these pitiful salaries are essentially left-overs.
Unfortunately, I honestly don't see how the situation can improve. It's a classic tragedy of the commons situation. Companies act in self-interest by paying as low as they possibly can, with no regards for the damage being done to the Canadian talent pool, and have little incentive to do otherwise until most of their peers do the same.