Great piece, Arthur. I think you’re on the mark for each point.
I think another big element is simply the proximity to the US. Since we’re so close, we always compare ourselves to what’s happening there (salaries, bigger markets, other companies, etc). I suspect that if we had some distance, less Canadian talent would leave.
I think a decent parallel is Australia and New Zealand. I’m sure many Kiwis move to their bigger neighbour because of the bigger market and opportunities. But what about Australians? Like Canadians, opportunity is bigger in the US but I’m guessing far fewer move to the US than us simply because it’s so far away for them. Geography plays a big part
Great point- geography plays a big part and it always will. I do think, however, US is bit of a special benchmark given its position as #1 economy in the world.
It is an attractor for global talent (see India, China, UK), but definitely more attractive for Canadians given proximity
Job optionality and capital access.
Seems to always come down to two things.
1. Do I have options when my startup fails / job lays off / want career growth?
2. Can I get funding / higher wages / more affordable living?
Can’t go wrong with those two. Stability (wage, funding) and optionality (career paths, opportunity sets) are usually the two most important aspects
Loved this piece. Coming from a recent Canadian graduate and a resident of NY!
Great piece, Arthur. I think you’re on the mark for each point.
I think another big element is simply the proximity to the US. Since we’re so close, we always compare ourselves to what’s happening there (salaries, bigger markets, other companies, etc). I suspect that if we had some distance, less Canadian talent would leave.
I think a decent parallel is Australia and New Zealand. I’m sure many Kiwis move to their bigger neighbour because of the bigger market and opportunities. But what about Australians? Like Canadians, opportunity is bigger in the US but I’m guessing far fewer move to the US than us simply because it’s so far away for them. Geography plays a big part
Great point- geography plays a big part and it always will. I do think, however, US is bit of a special benchmark given its position as #1 economy in the world.
It is an attractor for global talent (see India, China, UK), but definitely more attractive for Canadians given proximity