Canada saw an intake of over 30,000 foreign tech workers within the last year, according to a new report from the Technology Councils of North America and Canada’s Tech Network.
Well, how else are they going to suppress wages?
The report says the current average annual compensation for Canadian tech occupations in this study is $100,400 CAD, with a salary range of $50,200-$167,700. Comparable jobs in the US could earn an average of $175,600 CAD, ranging from $72,600 to $313,000.
Working as intended!
Canada needs a more competitive tech pay environment. For that, we need a better startup environment.
The environment for startups is harsh all over. The reason 99% of startups die isn’t because of environment: it’s because pies in the sky are VERY often unattainable.
You’ll be happy to know that Universal Basic Income will allow more startups to flourish, but I really don’t expect we’ll get there under a Red government, let alone a Blue populist hellscape.
A healthy startup environment in a country is basically an indiscriminate venture capital firm… As long as your average startup founder has a bust-out rate (99%) lower than the return on a success (>100x), you’re winning.
Thing is, there are no industries where this is viable relative to the US.
Chances are those 1,700 were some of our best and the 30,000 incoming are mostly junior / helpdesk / support people.
30 of them work for my company. They are all very senior, making good money, and paying Canadian taxes. Paying a lot of taxes that pay for social programs that all Candians enjoy.
I hope they can use part of those tax revenues to fix our healthcare.
Canada is no longer a shining first world example of success (if it ever was). We used to boast about how great our healthcare system was, but it’s had serious problems for years and those problems just keep getting worse. If I were a tech immigrant looking to move to a rich country I don’t think I would choose Canada at the moment.
I hope they can use part of those tax revenues to fix our healthcare.
You don’t think they do? In Canada 28.8 percent of tax revenue is spent on healthcare.
Canada is no longer a shining first world example of success (if it ever was).
Canada has the third best quality of life in the world.
Canada ranks sixth in freedom.
Canada ranks number 2 in religious freedom.
Canada ranks 12th in personal safety.
Why do you hate Canada so much that you’re out here spreading this anti-Canadian propaganda?
We used to boast about how great our healthcare system was, but it’s had serious problems for years and those problems just keep getting worse.
Canada ranks 29th out of 200 countries in healthcare.
If I were a tech immigrant looking to move to a rich country I don’t think I would choose Canada at the moment.
You would fucking stupid not to. It’s a safe, welcoming, free country.
I love my country. I’m sorry you don’t.
Why do you hate Canada so much that you’re out here spreading this anti-Canadian propaganda?
Fear drives people to vote in conservative-themed governments. If there’s not enough fear, you need to make it.
Yes. I just can’t understand how someone can live in one of the top two or three best countries in the world to live in and accept when someone tells them that it’s a third world dictatorial shithole. They don’t believe what is in front of their faces because some neo-fascist told them them not to. I wish these idiots would wake the fuck up and start thinking for themselves.
The top five [hiring companies] includes financial institutions such as TD, RBC, and Scotiabank, along with Amazon and Bell.
It would be interesting to know what roles the banks are filling with these newcomers.
If they’re like most places, they’re going to front-line support and/or front-line development.
Banks and other institutions with a massive legacy codebase and/or infrastructure are keenly aware of how much it costs them to maintain, COBOL code on zSeries. They’d very much like to replace the currently-irreplaceable mainframe wizards with interchangeable “full stack developers” that they can outsource or subcontract to.
There’s a lot of Gen-X and Millenial managers that really struggle with having whole chunks of their infrastructure that they can’t commodify (source: am a Gen-X IT manager). Part of this is a legit concern: COBOL+zSeries or RPG+iSeries devs are not exactly common, and they take a long time to train up. Senior architects are even rarer, and most of them are a heartbeat away from their, ahem, last promotion, so it makes sense to try and move that you can to something that you can more easily support.
The other part of this is that there is a type of insecure douchebag manager that hates having indispensable employees, and there’s nothing as indispensable as the greybeard who knows the COBOL code that your billion-dollar company runs on.
You might be surprised how inefficient banks can be when it comes to tech. As years go by I see an increase of tech workers but a decrease of experienced or competent ones. My view is those competent tech workers tend to be more expensive than Canadian companies are willing to pay, thus end up hiring 10x the staff. The banks simply have more money to waste that way and thus are doing so by hiring a lot of tech workers.
