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Are Canadian Taxpayers Stuck Funding Silicon Valley Employees?

Are Canadian Taxpayers Stuck Funding Silicon Valley Employees?

Posted by PanamericanWorld on June 28, 2016

Ontario currently subsidizes tuition at the expensive of taxpayers. But many students flee for the US upon graduating to earn more money working for bigger firms in Silicon Valley. Is this fair? Some say no.

These CEOs are part of the Council of Canadian Innovators, a newly formed lobby group founded by Jim Balsillie, the former co-CEO of BlackBerry maker Research In Motion.

“We must look at Ontario’s heavily subsidized tuition as not just a carrot but also a stick, in critical subjects such as computer engineering,” Benjamin Bergen, CCI’s executive director, told the Globe. “We should examine if an Ontario graduate leaves for Silicon Valley, the merits of reclaiming our collective investment in their education and repurposing these funds to make Canadian tech salaries more competitive.”

In Silicon Valley, software engineers can earn double the money for the same job in Canada. Plus, they get to work for world-class giants like Facebook, Apple, and Google.

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