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by brooksidetiger
2503 days ago
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Paywalled. Not sure how to feel about this. Toronto has changed substantially in the last decade and a half, going from a place where property was affordable and socialized resources like community centres and healthcare were accessible to a place that's overcrowded and worse in many ways if you were used to the high quality of life it used to offer. I don't see a silver lining in a potentially higher salary because it will just be captured by landlords / rising cost of living. I also don't think all these competing companies will cause salaries to rise that much since its much easier to bring immigrants over here and improve the pool of job candidates. My company in particular has doubled the people in our office with ex H1-Bs that have been converted to something like TFWs I imagine. The only positive I see is the potential of working on something I like more from a subject matter point of view. |
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Here is why.
In the uk immigrants from non eu countries, and thus on restrictive work visas (somewhat similar to h1b) usually earned way less than locals or eu citizens because they had no option but to take any offer only to be allowed to stay in the country. Example: ai engineers from south korea would earn 35k gbp a year, while their uk or eu counterparts could earn well above 70k gbp.
Restrictive visas and abusive employers are a wage depressing mix, unfair to both locals and new comers. My guess would be that if your employer underpays your former h1b colleagues then that is not an employer you want to work for because indeed your pay will stay low.
Eu citizens however were free to work without restriction and as such compete on equal terms as locals. Much like in Canada where immigrants under express entry are able to change jobs as they wish, eu citizens could change jobs as they wish. The result was that instead of outsourcing to india or other countries, uk companies suddenly started growing at home as they had plenty of resources. Thus job opportunities and pay went up both for locals and eu immigrants. As a hiring manager, demand was so high that either eu immigrants or locals had to be payed more and more each year.
Similarly, in Canada, the more resources companies will find, the less they will outsource and the more pay will go up over time.
As brexit is biting in and less devs are on the market, some of those companies are now either outsourcing or opening new branches in other eu countries to hire the same people as they would have in the uk, simply because there are not enough devs left. This means less opportunities for locals.
Another thing is that more devs, means more ideas floating around, and that means more skills you can get.
It can be frightening and if there are many abusive employers and restrictive visas wages can go down, but something tells me they will go up as indeed canada is a country with a north american business mindset. And if you mix tech and capital the result will be job and pay growth which i have seen in london/europe. You should embrace this if you want your pay to double in the next 5 years. Mine did in london as when i moved there the “revolution” was only starting and it was an awesome ride.