Tech industry is so big, I wonder if it and a move up north alone could swing that balance in favor of CAD. Can US companies sell enough USD and buy CAD salaries to swing the balance?
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Replying to @Molson_Hart
According to a quick google search SVs gdp is 300B usd, canada 1.6, so i think it's concievable. If 10% relocates that'd show probably.
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Replying to @gsvigruha
I'm not sure if those are the right stats to look at. Alphabet's SGA (proxy for salaries in SV) to revenue was about 17%. US-Canada trade (imports + exports) is 545 billion (US). 17% of SVs GDP is 51 billion. If 10% relocates, only 5 Billion?
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Replying to @Molson_Hart @gsvigruha
Kind of hard to say, but it doesn't look like it would affect USD/CAD. HOWEVER! Like the article says, I bet it could really fuck with Toronto's housing market!
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Replying to @Molson_Hart
Yeah thats for sure, in fact it probably already does. 5 billion usd sounds about right, 10% of the jobs is 30-40k ppl making 100-200 a year on average.
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Replying to @gsvigruha
You're the CEO of Google. Do you build an office in Budapest or Toronto first? You're the CEO of ProdModel. You've just got your first $1MM contract, do you build an office in Budapest or Toronto first?
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Replying to @Molson_Hart
Excellent question. Google: toronto. Prodmodel: budapest. You?
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Replying to @gsvigruha
Google: Toronto Prodmodel: Get 2 more $1 MM contracts, then Budapest :)
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Replying to @Molson_Hart @gsvigruha
But honestly, I am totally unqualified to answer this. I wouldn't be surprised if Google could do a better job just by laying bad engineers off, instead of opening new offices.
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Replying to @Molson_Hart
According to company legend google could have the revenue stream it has with 10% of the engineers. The only counterargument i have is you need the 90% to do random shit to hit upon the new adwords once in every decade.
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Maybe 9% is required to do the random shit.
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Replying to @gsvigruha
You correcting my English? Haha, yeah, I mean enough.
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