171–175 of 175 posts
Mainly because USA developed multiple geographic clusters where software developers are in high demand (Bay Area for consumer tech, New York for finance etc.) and the funding ecosystem is both deep-pocketed and culturally supports paying for talent. Traditionally European VCs and founders both operated under the assumption that startups need to save money rather than spend to get the best. And consequently those star…
Mainly because USA developed multiple geographic clusters where software developers are in high demand (Bay Area for consumer tech, New York for finance etc.) and the funding ecosystem is both deep-pocketed and culturally supports paying for talent. Traditionally European VCs and founders both operated under the assumption that startups need to save money rather than spend to get the best. And consequently those star…
Most coders don't work in tech or startups, but in regular businesses. An yet, they still make more in the US than in Europe. Perhaps it falls in line with general lower compensation in Europe - I mean, for example there are plenty job offers for accountants in London (super-expensive city) which advertise sub 30k pounds pay per year. I don't think there are a lot of accountants in NYC who would take a job for the eq…
I don’t think we use a single service that’s based out of Europe or Asia.
I don’t know any European startup or big company whose services I use frequently besides Spotify. Meta, google, Netflix, a bunch of database and infrastructure services, AWS, etc. are all based in the USA.
It seems to me like 90% of the innovations come from the US. Whether that is software, hardware, medicine, defense, etc. all the things at massive scale at use in the world come from here, and maybe later on get moved to being made elsewhere. Maybe that has something to do with it?
Even the company I work at, which was at one point a unicorn before ipo, and services a massive global industry, is based here and has auxiliary offices (support, sales) in other countries.
Anything mission critical is built here, even if it’s only for an international market.
Maybe there are some industries that pay well overseas compared to here because they are better innovators and more mature?
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I don't agree. You get higher wages in the US, but you also have to pay more in the US. Healthcare (or saving money for when you need healthcare), schools, having to drive everywhere, etc. In most of western Europe you don't actually need that high salary. There are no crazy medical bills, your children can go to school for free, you don't have to spend a couple of bucks for gas for every errand. Also i think your co…
I live in the Dallas area. A typical salary in my corner of tech is 150k. That's about 30 percent in income taxes. Sales tax, etc. is (more or less) deductible from that. Like all of the 92 percent of Americans with health insurance, my annual out-of-pocket expenditure on healthcare is capped, in my case at 10k. 2 years of community college and 2 years of state school for my kid will probably run about 60k, one-time.…
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You bring an interesting point. I completely admit that I didn’t research the source of the study or any refutations of it. > The biggest cause of bankruptcies is lack of income, which health insurance doesn't affect. An obvious counter observation: Isn’t an extended medical issue likely to cause a person to lose their job and health insurance? Remember that in the USA most health insurance is company sponsored. When…
>An obvious counter observation: Isn’t an extended medical issue likely to cause a person to lose their job and health insurance? You are correct in that most US health insurance is tied to employment. But the discussion point was the claim that "[ insert high percentage here ] of US bankruptcies are because of medical bills". Any illness, extended long enough, is going to cause people to lose their jobs, whether in…
Earlier quoted context omitted.
>An obvious counter observation: Isn’t an extended medical issue likely to cause a person to lose their job and health insurance? You are correct in that most US health insurance is tied to employment. But the discussion point was the claim that "[ insert high percentage here ] of US bankruptcies are because of medical bills". Any illness, extended long enough, is going to cause people to lose their jobs, whether in…
If you have an illness long enough to lose your job and your health insurance, you probably aren’t able to pay all of your bills. Hence medical bills are likely a distal cause.