FuggleyBrew t1_iy6y54q wrote
Reply to comment by random20190826 in UK net migration hits all-time record at 504,000 by sevolatte
But instead of the Canadian making 134 and the American making 100, for a skilled worker you're more likely to have the Canadian making 100 CAD and the American making 130 USD, then factor the taxes onto and exchange rate. You cannot assume that its just a difference of exchange rate. Typically you will get a lower offer in Canada even before the exchange rate is factored in.
The government is currently running on the explicit policy that it needs to suppress wages and the central bank is seeking a recession for the express purpose of undermining worker negotiation power.
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