this post was submitted on 30 Jul 2023
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Canada doesn't have a shortage of talent. It has a problem retaining them.
I often hear this repeated, but I've never seen any evidence for this claim. I'm a highly educated immigrant to Canada, and I can't imagine ever going back to the US. And it's not like most immigrants can just easily shop around for other countries.
A problem retaining them? Really?
https://www150.statcan.gc.ca/n1/daily-quotidien/221130/dq221130a-eng.htm
We're literally the most educated G7 country (57.5% of the population has a bachelors degree or better)
We have many problems here in Canada, but retaining talent is not one of them.
Yes I agree with you. Canadians are quite well educated. The problem becomes the lack of opportunities for all of those people. You end up strong competition for little jobs, which drives the wages down. Couple that with the very expensive housing market, and you get educated young adults that struggle to settle down.
Across the border in the US, opportunities in the STEM and plenty and wages are much better. US has lots of problems, but attracting talent is not one of them and Canadians talent is super easy to enter the US
I'd worked on and off in the US for 10ish years at one point. Whether it works out financially depends entirely on where you end up. Sometimes wages are higher, sometimes a fair wash. Housing is likewise. Reading Pennsylvania is cheap, San Fran isn't, and so on.
It's the same in Canada. Want to live in the GTA or Vancouver? You're gonna get reamed on housing. Okay living in Regina, Winnipeg or Moncton? You'll be fine.
You also have to take a very close look at benefits. Employers like to play a shell game with benefits. At one place the health coverage may be better, but retirement contributions worse, or fewer days of paid leave etc. That salary can get chewed up pretty quickly with additional healthcare costs, not to mention school and property taxes, and, in places like Florida, home owner's insurance.
Can it be beneficial to work in the US? Absolutely. But it's not necessarily beneficial.
Absolutely. Actually letting people work as trained here would be a huge step forward.