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One of my favourite reports is finally released! Interesting numbers with expected growth and losses.
For Canadian cities, StatsCan revised what a tech job is, so in the case of Montreal, the city went from 160,000 to 149,000. Although internal estimates actually put us closer to 200,000.
Top Tech : Will only do top 10 (brackets are 2021 numbers)
1. SF = 378,870 (373,430)
2. Seattle = 189,570 (184,660)
3. Toronto = 289,700 (270,400)
4. D.C = 259,310 (265,370)
5. NY metro = 344,520 (348,330)
6. Austin = 84,680 (79,230)
7. Boston = 166,450 (168,090)
8. Vancouver = 115,400 (91,200)
9. Dallas = 187,950(189,200)
10. Denver = 117,620 (114,900)
Other mentions
Montreal went down from 160,000 to 149,000. However, 2021 was a record year in FDI and tech jobs created were close to 10,000. Not sure if this report considers gaming as tech jobs, but internally 2021 = 180,000 tech workers.
Chicago went up three spots, jobs still stagnant (167.3K in 2021 vs 167.5K 2022)
Minneapolis/St. Paul cracked 100K workers!
Miami/SoFla, as expected, is not a tech hub, nor a new tech hub and it was pure speculation. Jobs decreased from 67.5k to 66.6K
Edit, so changes in Canadian cities happened due to StatsCan changing the definition of what a tech job is. So Toronto and Vancouver saw gains regardless, Montreal lost a lot due to definitions changing, which makes sense.
For U.S cities, some say they gained tech workers while this report says the inverse of that.
So what exactly categorizes a “tech job� Is it the job title? Is it the industry that the company is in?
Would an HR job at Microsoft fall under “tech job� Would a software engineer or DevOps job at a US Foods be a “tech job� Where’s the criteria?
How does Vancouver have so many tech jobs but such crap metro wages?
Canadian cities have a large supply of tech talent due to our Universities producing a lot of them and high immigration rates
I get the impression that US cities have less relative supply of tech talent and hence higher wages due to the shortage.
In Canada a tech job is not the gateway to wealth as it is in the US it seems and it's just a middle class job for most people.
On the upside the cheaper labour cost in Canada has allowed tech firms to greatly expand their operations in Canada over the last 5 years and should be more resilient to labour losses in tech as is happening now in the US.
Last edited by Trojan1982; 07-14-2022 at 07:49 AM..
Canadian cities have a large supply of tech talent due to our Universities producing a lot of them and high immigration rates
I get the impression that US cities have less relative supply of tech talent and hence higher wages due to the shortage.
In Canada a tech job is not the gateway to wealth as it is in the US it seems and it's just a middle class job for most people.
On the upside the cheaper labour cost in Canada has allowed tech firms to greatly expand their operations in Canada over the last 5 years and should be more resilient to labour losses in tech as is happening now in the US.
Yeah, tech wages are low in Canada so they also don't attract the same level of tech talent that places like Bay Area and Seattle do. Wages are low also because there is a large supply of foreign tech workers since Canada's skilled immigration laws are much more lax than the US. Microsoft in Seattle has been trying very hard to get a high speed rail going between Seattle and Vancouver (1 hour high speed train ride) partly to tap into that cheaper foreign tech worker supply.
Yeah, tech wages are low in Canada so they also don't attract the same level of tech talent that places like Bay Area and Seattle do. Wages are low also because there is a large supply of foreign tech workers since Canada's skilled immigration laws are much more lax than the US. Microsoft in Seattle has been trying very hard to get a high speed rail going between Seattle and Vancouver (1 hour high speed train ride) partly to tap into that cheaper foreign tech worker supply.
If they can pull off this high speed rail, I do think it will be a game changer for the Pacific Northwest.
It's more about Canadian Universities pumping out a lot of tech talent, both foreign and domestic than it is about immigrants with tech degrees moving to Canada seeking work in tech. Canada does have some of the best Universities in the world after all and I can't think of one that has a bad academic reputation.
Last edited by Trojan1982; 07-14-2022 at 10:46 AM..
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