Quote:
Originally Posted by Nite
Lower cost tech salaries are still much higher than the average salaries in Toronto. I would rather be in Toronto's situation with an expanding workforce in tech even at lower salaries, than what most US cities are facing right now, which is although they have higher paying tech jobs, those jobs are disappearing and the labour force is shrinking due to global competition which Toronto is well placed to take advantage of.
As interest rates go up, the pressure will be felt more and more by un-profitable tech companies to trim cost or go out of business. Labour is the easier cost to trim.
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I'd still rather be the place actually developing companies from the ground-up. More sustainable in the long-run to organically create and innovate. You could replace "tech" with "automotive" in your post and it was probably a conversation someone had in the early 90s.