The Brain Drain
The news comes via Axios, which notes that this is not only the first hard proof that Trump’s administration is creating a brain drain in the U.S., but that the effects are stronger than they have been for decades past. A MaRS survey from July 2017, Axios explains, reported that 62 percent of Canada’s high-growth companies have “seen a notable recent increase in U.S.-based applicants.” The whole thing recontextualizes a tidbit Indeed.com’s Raj Mukherjee shared with me back in February when he mentioned that “right around the election, there were a lot of people searching for jobs in Canada.” From the same article: “Cyclica CEO Naheed Kurji told Axios that he saw a ‘significant and notable spike’ in U.S. applicants in the months immediately after the November election.”
What It Means
American tech companies might respond by establishing more Canadian offices, but Toronto already has its own response on the way. MaRS, the city’s new startup incubator, is 20 stories and 1.5 million square feet. Image: Wikimedia
