Tech Giants Take Their Talent Hunt to Cambridge, UK

Post by Balero » Thu, Jul 05, 2018, 12:20 PM UTC

foldr wrote: post #40

Balero wrote: post #38

Earlier quoted context omitted.

IF you have good insurance the co-pay is trivial. I broke a bone, total of $80 in copay. Someone with worse insurance is looking at a bill in the $1000's or even $10,000

It's the unexpected things that get you, though. I had to have a few emergency room visits for rabies shots, and ended up paying about $1500. I don't really know how to measure how "good" my insurance was, but I was working at a university in MA, so I expect the policy was at least decent. (The rabies vaccine is very expensive. The theoretical cost of the treatment, which the insurance company theoretically paid, was…

Post by tigershark » Thu, Jul 05, 2018, 12:24 PM UTC

MrBuddyCasino wrote: post #30

a_imho wrote: post #5

Earlier quoted context omitted.

Mainland Europe has even lower salaries in a similar timezone.

Err no, certainly not. German salaries are at least on par with London, and ~twice as high than the rest of the UK.

Post by timthorn » Thu, Jul 05, 2018, 12:27 PM UTC

Moodles wrote: post #39

adventured wrote: post #19

Earlier quoted context omitted.

In complete terms it's more like 3x that $78k figure. The salary would be bad enough. The big US tech companies are nearly all publicly traded. So that $142,000 is really $250,000 or more in total compensation. The UK, and Europe more broadly, not only can't compete with the salaries, they can't compete with the ability to dish vast stock compensation thanks to the immense market caps that Google et al. have. If you'…

Not to mention that marginal tax in the UK is 40% income tax for 45k+ (45% over 150k) + 2% national insurance which is actually more marginal tax than SF, the highest taxed state in the US. Of course UK has the NHS fee healthcare, but if you're pulling $200k+ in SF you probably have medical benefits too.

Post by Moodles » Thu, Jul 05, 2018, 12:31 PM UTC

timthorn wrote: post #45

Moodles wrote: post #39

Earlier quoted context omitted.

Not to mention that marginal tax in the UK is 40% income tax for 45k+ (45% over 150k) + 2% national insurance which is actually more marginal tax than SF, the highest taxed state in the US. Of course UK has the NHS fee healthcare, but if you're pulling $200k+ in SF you probably have medical benefits too.

Between £100k-£120k it hits an effective 60% as the personal allowance is withdrawn.

Post by a_imho » Thu, Jul 05, 2018, 12:35 PM UTC

chrisper wrote: post #18

a_imho wrote: post #5

Earlier quoted context omitted.

Mainland Europe has even lower salaries in a similar timezone.

Switzerland is doing just fine.