Or rather why Europe pays so bad.
I wonder whats the reason behind many american companies being able to pay 200-400kusd a year while its hard to get past 100k usd in the richer countries of Europe (Germany, Scandinavia, UK, etc.). A junior in USA gets more than a senior in Europe. And after 10 years the american may get 2-4x the salary of the european counterpart. In contrast life in USA is often even cheaper.
- Are european companies greedy?
- Are european companies less competitive?
- Are the high taxes and equality in Europe pushing companies to not try harder to reward talent while USA rewards the high performers as they can see the benefits it brings?
This right here. I’ll gladly take less pay in Europe than constantly having to worry about my health and whether or not that bit of pain you sometimes have in a weird area means a hospital bill you can’t afford. And even if I loose my job, I know I will not starve, because of our social security system. It will not be fun, but I won’t loose my house or worry about what to eat tomorrow just because I got unlucky and my company went under.