one thing I'd add is the compensation & taxation gap between US and Canada. Yes, research is important, but it's really the top engineers that build out of those great research. Many senior & staff engineers in Canada have compensation range that of a junior/intermediate engineer in the US, and on top of that face higher marginal tax on average.
You've made very valid points, @bryan. As discussed, I also believe that the US has done a much better job at integrating and capturing its Indo-American talent, which goes on to lead all billion-dollar companies like Google, Microsoft, etc, and we haven't made a bridge between that, which is a big untapped market.
A refreshing take on the usual "Canadian brain drain" conversation. It’s time we stop treating IP like a byproduct and see it like a national resource. $1.7 billion is a massive win to fuel local talent, but as you noted, a "training camp" is half the solution without a retention strategy. Let's anchor the IP, HQs, and the subsequent tax base, to Canadian soil. Excellent piece.
The stories like this are endless! ATI (chip maker) sold to AMD for over 5B USD in the mid 2000’s. It’s sad but the way that Canada has been set up, tends not to reward the risk taker, so it’s hard to blame those who flee south. Glad you’re bringing attention man!
one thing I'd add is the compensation & taxation gap between US and Canada. Yes, research is important, but it's really the top engineers that build out of those great research. Many senior & staff engineers in Canada have compensation range that of a junior/intermediate engineer in the US, and on top of that face higher marginal tax on average.
You've made very valid points, @bryan. As discussed, I also believe that the US has done a much better job at integrating and capturing its Indo-American talent, which goes on to lead all billion-dollar companies like Google, Microsoft, etc, and we haven't made a bridge between that, which is a big untapped market.
A refreshing take on the usual "Canadian brain drain" conversation. It’s time we stop treating IP like a byproduct and see it like a national resource. $1.7 billion is a massive win to fuel local talent, but as you noted, a "training camp" is half the solution without a retention strategy. Let's anchor the IP, HQs, and the subsequent tax base, to Canadian soil. Excellent piece.
I enjoyed the Yankees reference, likening us to a farm system for the American “ball club”.
The stories like this are endless! ATI (chip maker) sold to AMD for over 5B USD in the mid 2000’s. It’s sad but the way that Canada has been set up, tends not to reward the risk taker, so it’s hard to blame those who flee south. Glad you’re bringing attention man!