Reply to Forget Amazon - Toronto is taking tech jobs away from DC because of GOP anti-immigrant policies

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[quote=Anonymous]This has been pretty obvious since 2016, or longer, to anyone working in tech.  
The Republican strategy is to use xenophobia to get white people to vote to harm themselves economically and to help billionaires.

And demonizing immigrants is damaging our world-leading tech industry.

[quote]U.S. Hands Canada an Opening in Tech
By making immigrants feel unwelcome, America does a favor for aspiring hubs in Toronto and Vancouver.

Canada ought to have a world-beating technology industry. The country has arguably the best system for admitting high-skilled immigrants. As a rich country, Canada has plenty of capital to direct toward building tech companies. The legal environment for venture capital and startups is very similar to that of the U.S., and taxes are not much higher. With its proximity to the U.S., its English proficiency, and its cultural ties to both Europe and Asia, it should have little problem selling into the biggest markets. And its educational system is one of the world’s highest-ranked:

...

This reflects what economists call [b]the clustering effect.[/b] Venture capitalists, start-up founders, big companies, and engineers all want to be near each other, in order to have the maximum number of options, and also to take advantage of the ideas and expertise that seem to permeate the air in places like Silicon Valley. Because the U.S. tech hubs have a big head start, Canada’s cities are left struggling to get off the ground.

...

But the winds may be changing. Silicon Valley, New York and Seattle have one major weakness -- they are located in a country that has chosen to elect Donald Trump as president. [b]Trump’s restrictive policies toward high-skilled immigration, combined with his general xenophobic attitude and rhetoric, are making the U.S. look like a less attractive destination for foreign talent. [/b]

...

[b]Toronto, in particular, may be well poised to capitalize. In 2017, it added more tech jobs than the San Francisco Bay Area, Seattle, DC, or New York:[/b][/quote]

https://www.bloomberg.com/opinion/articles/2019-07-25/u-s-immigration-policy-gives-canadian-tech-a-great-opportunity

As Canada and other countries siphon off our tech talent and harm our economy -- at least housing prices in DC will go down marginally.  Too bad for America, though.[/quote]

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