This past week at Collision Toronto, Canada unveiled a new "Tech Talent Strategy" that includes a number of initiatives designed to attract more human capital across the science, technology, engineering, and math sectors. (Sidebar: The STEM sectors are great, but I'm really a fan of STEAM.)

At a high level, these measures are intended to continue to grow Canada as a hub for global tech talent. So they cover things like promoting Canada as a destination for digital nomads, improving the Start-up Visa Program, and dunking on US immigration policies by creating an open work permit stream for H-1B specialty occupation visa holders.

Overall, it seems great.

But there are people who are concerned about the pace of immigration in Canada. Over the past year (ending in Q2-2023), the country added about 1.2 million people. This is a record. And perhaps the greatest concern, is that we simply aren't building enough housing and related infrastructure.

But I don't get this logic. Canada is a relatively small country. Attracting smart and ambitious people from around the world is good for us. And there are simple ways to address these concerns: build more housing and related infrastructure. I'm pretty sure that we can figure out how to do that.

This morning I came across two news item that are interesting in their own right, but also have a noteworthy relationship.

$AAPL now has a market cap that exceeds $1 trillion. And not surprisingly, everyone, from the New York Times to Bloomberg (photo essay), is talking about it.

But the one thing that continues to stand out for me about this story is what Steve Jobs said back in 2011 when he unveiled iPad 2.

He said that fundamental to Apple’s DNA is its ability to marry technology with the liberal arts and the humanities. Its secret sauce is not technology alone.

Now let’s move on to the second piece of news that caught my attention.

As of 2017, less than 5% of college and university students in the US were studying one of the big four humanities majors – a sharp cliff-like drop from 2011 according to this data.

That’s almost certainly because business degrees and STEM degrees are thought to be more valuable and in demand in the labor market. And I’m sure they are right out of school.

But perhaps we shouldn’t forget Apple’s trillion dollar lesson. And I think this goes for both the tech space and the real estate industry, as well as others.

Most of you have probably heard of the STEM subjects. STEM stands for Science, Technology, Engineering, and Mathematics. These academic fields have been the focus of many federal governments around the world as they have been seen as the key to driving innovation.

But what you may not have heard of is something called STEAM. I hadn’t heard about it until this morning. STEAM is an initiative being led by the Rhode Island School of Design to integrate art and design into national agendas pertaining to STEM. STEM + Art = STEAM.

Here’s a snippet from RISD:

The goal is to foster the true innovation that comes with combining the mind of a scientist or technologist with that of an artist or designer. RISD offers endless examples of how art and design education teaches the flexible thinking, risk-taking and creative problem solving needed to solve today’s most complex and pressing challenges – from healthcare to urban revitalization to global warming.

I couldn’t agree more with this initiative. As somebody who thought a lot about how to combine design and technology in my own career, I believe that there are huge benefits to a multidisciplinary approach to problem solving and innovation. In fact, it’s one of the reasons I decided to go to Rotman for my MBA (see Business Design).

So if you feel the same way, I would encourage you to add yourself and/or your company to the “STEM to STEAM map” that RISD has created. Click here to do that.