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0 pointsfoldr6y ago0 comments

No, these are double or more than pre-tax London salaries. I'm not sure about continetal Europe, but the convention in the UK is to report pre-tax salaries.

Healthcare is complicated. Most cushy tech jobs in the US come with the premiums included. But in the US there is always a significant risk of large and unpredictable medical expenses. (Especially when you consider that there's no guarantee that you'll keep your job!) That one is difficult to put figures on.

I don't personally care about daycare and college savings as I'm not planning to have kids.

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10 comments · 3 top-level

esotericn6y ago· 3 in thread

Employer's NI is 13.8%, so multiply a normal 'pre-tax' salary by 1.16. Then again, the Americans are presumably getting health insurance so it'd be a wash.

I have a sense that Americans are just better at negotiating (taught to do it, and actually do it) than Brits. Anecdotally I know a whole bunch of people who could be earning a lot more (not only in software), but they have this sort of meekness that leads them to believe whatever number the other party says is what they have to take.

Individually that may not make up all of the difference, but collectively it probably does (e.g. the market depressing effect if most people don't bother).

CalRobert6y ago

Honestly it hurts to say but the prevalence of tall-poppy syndrome, deference to your boss, etc. is horrific for salaries in at least Ireland, and maybe Europe as a whole. When I left my last job we found out I was paid quite a bit better than my colleagues (who were just as good) and all I had done was... push a tiny bit. They hadn't.

Other things like "always be interviewing even if you like your job" and stuff like that get the odd look of disapproval, even though it's pretty obvious you will do your best negotiations when you have the strongest position, which means already having a job you like.

foldrOP6y ago

>so multiply a normal 'pre-tax' salary by 1.16

I don't follow the logic of this. The amount of your quoted salary that you get to keep (for a typical SE salary) is going to be somewhat higher in the US than in the UK. (Not massively higher - Americans often inaccurately apply the stereotype of high tax Europe to the UK.) Whether the deductions are for employee or employer taxes is moot from a financial point of view.

esotericn6y ago

If someone says "I earn 50K" in the UK then they mean that's their salary after employer NI but before income tax and employee NI. The cost to the employer (in straight cash terms, not including related stuff like a desk, computer, etc etc) is more than that figure.

It's not fully pre-tax, but we call it pre-tax, just pointing that out.

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fastbeef6y ago· 2 in thread

> I don't personally care about daycare and college savings as I'm not planning to have kids

Right. But you ARE going to get old and sick and someone else’s children are going to take care of you. You probably want them educated and doing stupid mistakes because they’re overworked.

foldrOP6y ago

More people to to college in the US than in the UK.

rsynnott6y ago

While that was the case, it doesn't seem to be anymore (for instance see the age cohorts here: https://en.wikipedia.org/wiki/List_of_countries_by_tertiary_... ). Two year non-degree courses also seem to be much more common in the US than elsewhere, which skews things a bit.

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AdamGibbins6y ago· 2 in thread

> but the convention in the UK is to report pre-tax salaries.

This isn't 100% true, you never see the employers side of national insurance for example.

foldrOP6y ago

But do you see something equivalent withheld from your paycheck in the US? Not that I noticed, when I was working there.

AdamGibbins6y ago

I don't know, I've never worked in the US. OP seems to imply you do?

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10 comments · 3 top-level

esotericn6y ago· 3 in thread

Employer's NI is 13.8%, so multiply a normal 'pre-tax' salary by 1.16. Then again, the Americans are presumably getting health insurance so it'd be a wash.

Individually that may not make up all of the difference, but collectively it probably does (e.g. the market depressing effect if most people don't bother).

CalRobert6y ago

foldrOP6y ago

>so multiply a normal 'pre-tax' salary by 1.16

esotericn6y ago

It's not fully pre-tax, but we call it pre-tax, just pointing that out.

1 more reply

fastbeef6y ago· 2 in thread

> I don't personally care about daycare and college savings as I'm not planning to have kids

Right. But you ARE going to get old and sick and someone else’s children are going to take care of you. You probably want them educated and doing stupid mistakes because they’re overworked.

foldrOP6y ago

More people to to college in the US than in the UK.

rsynnott6y ago

1 more reply

AdamGibbins6y ago· 2 in thread

> but the convention in the UK is to report pre-tax salaries.

This isn't 100% true, you never see the employers side of national insurance for example.

foldrOP6y ago

But do you see something equivalent withheld from your paycheck in the US? Not that I noticed, when I was working there.

AdamGibbins6y ago

I don't know, I've never worked in the US. OP seems to imply you do?

1 more reply

j / k navigate · click thread line to collapse