But no, you can make 3-4x in the US. That’s not an exaggeration. And before someone says ‘free healthcare’, big-tech employers in the US provide pretty nice insurance for employees that caps maximum out of pocket expenses to about a week of your salary.
EU (except Zurich and London) tech salaries have sort of stagnated to a point that you make about the same in Bangalore, and spend significantly more.
But makes me wonder if EU policies are contributing to wage stagnation.
There had been several high profile cases in the US about wage stagnation, so much that tech companies are a bit wary of this topic.
Keep in mind the salary is 3-5x for big tech positions with 5+ years of experience. Check levels.fyi if you don’t believe me.
> Days that you can actually take without losing the chance for a promotion?
Europe wins hands down on this. I happen to have a great employer where I have taken 4-5 weeks off a year without issues, but that’s not the norm in the US.
Not to mention the fascism problem of course.
> Not to mention the fascism problem of course.
Agreed.
The US is going in a terrible direction with this. I hope Europe has learned from history and won’t follow.
Turns out I can live a pretty comfortable life with EU salary. I could afford a house, car, family. Quality of Life is pretty great.
I am not sure if the extra money in the US would be worth it.
France was recently an absolute inspiration in this regard.
Swissre, UBS and many others all have open positions in Spain/Poland/India, not actually in Switzerland
Nobody gives out positions like that easily to non geniuses. And even for more ordinary very smart candidates, there are enough of them to have a few hoops to jump through.
Eh, we'll see how long that lasts as the transition from financial capital to global pariah progresses. It's quite possible that our labor is extremely overvalued.
That part seems to be taking an ugly turn nowadays by a bunch of military AI/drone swarm/etc focused startups. I'm guessing that eventually after the Apple/Google model of making money is dead, you'll have to work for Skynet if you want to make money.
There is not much difference in labor share of GDP between the US and the EU. People who work for living get a similar share of the value they create in both blocks on the average (maybe a bit less in the US), but it's less evenly distributed in the US.
Top 10% earners are now responsible for ~50% of consumer spending. That doesn't mean billionaires and capitalists, but upper middle class professionals and other high earners. The economy is great on the average, but most people don't feel it.
I don't disagree, as in an abstract sense inequality is bad for society.
Try to understand why the US has high tech salaries though. It is because the last 40 years have made it pretty easy and convenient to start companies.
Hence, good employees always have great options or can just start their own companies.
I thought this was because US trade and foreign policy coerced most of the world to open up their markets to high-margin American services via treaties. It's easy to pay high salaries when you're vacuuming money from around the world, and your product (software) has very low marginal cost of replication.
