I've had students tell me that they're going to write up their master's thesis and not pursue a Ph.D. because they can't afford to live. This is an equity issue. If you don't have parents helping you, you can't pursue a graduate degree. The approved pay for post-doctoral fellows is $42,000 a year from CIHR. Well, if you have little kids at home and you're trying to make rent, you can't live on that in Toronto, and it's very hard in Ottawa. Both spouses have to work, but they're living in a tiny apartment and they don't have a car. It's very hard to live, so people are leaving.
On November 28th, 2022. See this statement in context.