What are you seeing in terms of impact of the Canadian Open Work Permit for U.S. H-1B Visa Holders? Has there been a large volume of talent moving to Canada from U.S. tech centers?
Edit: It looks like the 10,000 person cap was already hit [1]. Do you think there is a huge demand beyond the 10k cap?
The might did it out of desperation, but soon they will realize it was mostly a mistake due to low wages, high prices of goods and taxes, very limited opportunities and funding for small businesses, limited market, and obviously the harsh weather is the cherry on top.
I know many of my friends who used to work at Meta, Google, Amazon, etc. who have applied for this visa, or Canadian PR to move away from the US. People prefer having the emotional safety of not having to uproot their lives when they lose their job, over a few more bucks.
People at senior levels in big tech are now earning 400k CAD. That should afford a nice life.
For the bulk of H1 holders (who I can assure you will not pick up 400k CAD jobs) it's not necessarily a switch to an easy life with great salaries once CoL is accounted for. I wouldn't want to make move to Vancouver as an example for $average unless I had serious cash for a family home etc - property prices are wild.
The jobs H1 holders will want don't tend to be in the "affordable" parts of Canada either.
The speed at which these Canadian offers were consumed speaks far more to the desperation/frustration of many average workers in the US stuck in Green Card wait lines - I doubt we are witnessing the flight of many from FAANG etc in majority of cases.
Edit: It looks like the 10,000 person cap was already hit [1]. Do you think there is a huge demand beyond the 10k cap?
[1] https://www.canadavisa.com/h1bowp.html