As an engineering student at UWaterloo it's pretty depressing to watch most of the best upper year engineers finish their studies and then abandon Canada for SV.
There's logic in it for them: American companies are offering huge sums of money by Canadian standards, the weather is nicer, and the opportunities seem better.
If I didn't have serious reservations about living in the US, I would probably do the same.
However, I find it particularly reprehensible when companies make the move. For them, it's counter-intuitive: they have access to a huge pool of talent, both experienced devs and the vast armies of grads from UofT, UW and others.
Furthermore, they're getting this talent at dirt cheap rates, since the Canadian peso is awful at the moment and salaries are significantly lower here than those in SV and the wider US.
Their expenses go up because they have to pay in USD (instant 25% hit in purchasing power), and they get thrown into the rat race of competing for talent in SV.
I really wonder what goes through the mind of some of these moronic execs when they make moves like this.
However, I find it particularly reprehensible when companies make the move. For them, it's counter-intuitive: they have access to a huge pool of talent, both experienced devs and the vast armies of grads from UofT, UW and others. Furthermore, they're getting this talent at dirt cheap rates, since the Canadian peso is awful at the moment and salaries are significantly lower here than those in SV and the wider US.
Their expenses go up because they have to pay in USD (instant 25% hit in purchasing power), and they get thrown into the rat race of competing for talent in SV. I really wonder what goes through the mind of some of these moronic execs when they make moves like this.