The US issues about 1m GCs per year, around 0.3% of total population. Canada hands out 450k PR cards annually, roughly 1.2% of the total population. The Canadian government literally said they need immigrants to keep wages low. Think twice before coming. TC:🥜 (due to 🍁immigration targets)
layoffs.fyi is a bloodbath with Disney, and Meta today conducting another round of layoffs with multiple rounds already. Companies have several goals in doing these but the one I don’t see talked about much is wage suppression. This effort to artificially flood the market with talent is a direct re...Read more
Not long ago employers wanted to hire many more workers than they could find, resulting in an unprecedented surge in unfilled vacancies. To get inflation under control, wage growth therefore had to come back down. Given weak productivity growth across the world, a 2% inflation target is probably ac...Read more
Don’t tell me that sleepy Joe will send more billions of dollars to Israel just like sending money to Ukraine. How about spending that money raising teacher wages, fixing infrastructure, resolve the border crisis, and pay off the debt? Please I am not supporting republicans so don’t target me on t...Read more
Was reading minimum salary requirement for level 2 (Masters) for hardware engineers in bay area. It seems to target h1bs to be in at least the 45th percentile- and is $170k base salary for bay area. See link below: https://www.flcdatacenter.com/OesQuickResults.aspx?code=17-2072&area=41940&year=21&s...Read more
Fed wants to have 2% inflation like 4 years ago. But JP doesn’t have the guts to hike rates high enough to tame inflation. In fact, he seems to give up on hiking rates. Meanwhile JB is celebrating his Bid*^^nomy with massive deficit spending. Historic low jobless rate with labor strikes for high w...Read more
Living in NYC/SF, sometimes it’s hard to get a gauge on what’s a reasonable wage for building an upper middle class life. Blind TC (real or not) numbers can make it feel like you’re always behind. At age 30, what should a healthy target TC (liquid wages, including bonus or public equities but not ...Read more
It’s always been my dream to work remotely overseas (e.g. Latin America) while earning US (or near) wages. Does anyone have advice on how to achieve this? Companies to target? Level of expertise to enter in? I realize this kind of opportunity won’t be very common, but I figure where there’s a will ...Read more
2020 is off year but considering 2019, Canada labor market added 290K jobs in a year. Canada adds 30-40k jobs a month and this is very optimistic outlook. Even when US economy was great there were months with negative jobs as Canadian lost jobs. Source - Canada Labor force. Now, this 290K a year jo...Read more
There seems to be a general agreement that all the money printing will lead to rampant inflation and dollar weakening, which I don't understand. Since the QE of 2008, Fed managed to control inflation by channeling all the excess printed money to assets (stocks, property) and locking up there than i...Read more
Israel has said it's going to capture Gaza City, and given that Israel suffered an armed invasion of its territory, and a massacre of its people, at the hands of an armed forces based in Gaza City, it is reasonable and justified for Israel to do that to prevent future attacks. The question is what ...Read more
Hi I interviewed with sooooooooo many companies a year and a half ago for mobile dev roles. I focused on iOS development (swift), but landed a job as a react native dev last. The role shifted to more of a database admin role tbh, since the company hired a buncha react native devs who didn’t want to...Read more
This might surprise many of the folks here on blind community but ' US has a serious Deflation problem ' Now, before we start trashing this thread with tons of " How Fed has been printing money and causing inflation..etc. " Let's understand, what exactly we are dealing with here. *** What is infl...Read more
Shopify, a leading e-commerce platform, is facing multiple challenges as it navigates a rapidly evolving industry. The company has been accused of mistreating employees, delivering poor product quality, and engaging in questionable business practices. Reports suggest that staff members are working l...Read more
Tl;Dr: Physicians are an incredibly sympathetic lobby that have designed a healthcare system that disobeys economic fundamentals. People seem to think too often that the problem with healthcare is one of resource allocation, but we spend the most of any country and get the worst outcomes in the deve...Read more
If you want to understand the biggest problem in Canadian tech right now, ask someone who jumped from a Canadian company to an American one how their life has changed. You’ll probably get one of two answers. One of them is about money. A Toronto-based engineer who spoke to The Globe and Mail recentl...Read more