A startling revelation hits the Canadian tech landscape as U.S. tech workers are found to earn 46% more than their Canadian counterparts. The ensuing brain drain is attributed to the scarcity of large tech companies in Canada, affecting salary margins and equity value.
The solution, according to experts, lies in incentivizing startups and established firms. Larger companies must offer competitive salaries, benefits, and focus on upskilling to retain skilled workers.
Creating more exit opportunities for tech businesses, liberalizing capital investment, and addressing the cost of living are crucial steps to ensure Canada remains a tech hub.
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