Earlier quoted context omitted.
And what salary would you get for Google in London? FYI as an experienced professional I have just been pitched a couple of civil service jobs in London grade 8 to Grade 7 at around 75k - and that would give me about 6.5 k That's the eqvielent of a full Colonel / GS15 if its the higher grade. And I bet a FANG in London pays way more than that as do train drivers
FYI, and I kid you not, FANG in London pays 1/3-1/4 of the same job in Seattle (not even going to go into SV numbers). UK taxes are of course double, and rents similar, if not more expensive for London.
Bulgaria is the world’s fastest-shrinking country
261–270 of 319 posts
Re: Bulgaria is the world’s fastest-shrinking country
#262Earlier quoted context omitted.
That's not a Europe/US thing. Most Americans wouldn't count them either. However, they're both wrong to not count them. They absolutely count.
They're fundamentally different, one is a progressive tax designed to support a civil society (income tax) and the other is a regressive usage-based tax designed to dis-incentivize behavior such as smoking, drinking and using gas/private automobiles. One's a benefit driver, the other is designed a penalty or market force.
Re: Bulgaria is the world’s fastest-shrinking country
#263Re: Bulgaria is the world’s fastest-shrinking country
#264Earlier quoted context omitted.
That does provide healthcare - Medicare and Medicaid, which I believe covers about half of the US population. One reason some are opposed to going to a government paid system is the fact that we spend so much on that where if the costs were simply doubled it'd be a rediculous expense.
>One reason some are opposed to going to a government paid system is the fact that we spend so much on that where if the costs were simply doubled it'd be a rediculous expense. Or maybe people would realize a County like Germany is able to cover the entire County (2x as many people as Medicare) while spending half the Medicare budget. Then, questions of waste and fraud might pop up, which no one involved wants to hap…
Issues are often just ignored until they go away. It usually works fine though, so it's not necessarily bad.
Re: Bulgaria is the world’s fastest-shrinking country
#265Bulgarian here, there are a lot of aspects the article does not cover. First one is that up until 1989, Bulgaria was largely an agriculture state with the soviet union being the only market. A heavily controlled market at that. Some might argue that Bulgaria used to produce computers but it was mostly a small assembly line using Intel chips, so no, not really. Mind you the math education was on a good level, hence th…
I think you're mistaken about software salaries. In the US, even for entry level positions, you can save up several thousand dollars a month, living just fine.
I was HEAVILY underpaid out of college (due to growing up in a shitty part of the states and consequently going to a shitty university). I graduated in a decent amount of debt, too. Even still, I was able to pay of $15k worth of debt, and save another $10k on just a $70K salary -- in Boston in 2010 (which at the time was just as expensive as NYC or SF).
At the time, that was double what my parents made put together, so it seemed unbelievable to me. I knew people at the company were making double and triple that, but for some reason I thought that I'd never make that. How could I? My parents were making 1/10th of that...
I'm now saving close to $200k a year at Google. My friend just got a job in SF. He's got 0 experience -- just graduated from a coding bootcamp. He got multiple offers for ~$150k. Almost everyone in his class got similar jobs. Even as expensive as SF is, he's going to have a nice apartment, be able to eat out at restaurants and go on vacations, and still save thousands a month.
I know salaries are really shitty in Europe compared to the US -- which is sad, because even here inequality is absurd.
Starting out, it's easy to think you're wage won't grow, so it's tempting to think you need to live more affordably. Or else how else would your life be sustainable?
When I first started working, I was always thinking about leaving the city and going back to my shitty part of the States and working remote jobs for peanuts. In hind-sight, that would've been a terrible decision.
I'm doing better than most people I know, sure... But virtually every person I worked with at my first job is now making $200k+ somewhere. Same thing with my second job. At Google most people are making $300k+.
I would've never dreamed making this type of money. Part of the problem -- for me at least -- is that if you grow up somewhere pretty poor, it's easy to think you're "lucky" even when you're underpaid. I never negotiated for higher salaries when I started. I always thought I was getting paid so much it was absurd.
But then I started looking around at what other people were getting paid, and realized if I have the same skills, I should get paid just as much, too.
Now I can literally buy my mom's house with 8 months of savings. I'm planning to retire both of my parents a few years early. If I wanted to go back to my hometown now, I could join them in retirement in another 3 years or so.
But I won't. I like my job. It's easy to find a good job now. Where I grew up is fine, but it's filled with people with no hope -- because that town has nothing to offer anymore. It's sad, but it's true.
Starting out, it's really tough. Looking back on it now, I was basically living in poverty in college and almost certifiably my first year in Boston. As an anecdote, I literally didn't have heat because in Boston a lot of houses are heated with oil, and oil was almost $150 a barrel at the time. Heating the apartment was like $1k a month. I couldn't afford it. So in the Winter, which is long in Boston, I literally was in my sleeping bag any time I was home...
What a shitty life! It felt like things wound never get better. I told myself, I can't deal with this shit. Working my ass off and living in a Goddamned sleeping bag! I never thought I'd get promoted -- there wasn't much growth at the company so not any opportunity. House prices would never go down (it was 2011, so they were already half off compared to 2008, and still way out of my range). So I'd never be able to have a home, I thought.
At least for me, everyone I knew who stuck with it, it paid off really well.
Despite working at Google, I'm not particularly smart either. It's just how it is, if you can stick with it.
In the end, it's a rat race, and I can see why people get out of it. My story isn't to shame you, but I think you can make a lot more money even in Bulgaria, and if you can, you deserve it.
Re: Bulgaria is the world’s fastest-shrinking country
#266Earlier quoted context omitted.
My cousin is in his 20's, roughly makes 10,000/ month (~ $5600 USD). That salary is absolutely amazing. The article states the minimum monthly salary is $320 ( which a large amount of people make, given that Bulgaria lacks a middle class). The reason he stays in Bulgaria is because of that, he wanted to come join me in the US, but he didn't want to emigrate. edit: mrtksn's comment hits the nail on top of the head.
I keep hearing about these famous salaries in Croatia as well but my impression is that most people get a starting monthly net salary of 1000€ after masters in CS or SDE. Then there's some people who interned during college which get salaries from 1200-2000€ after college depending on how much networking they did. Then there's like 1% of developers/scientists who make 2-5k€ by being able to somehow market them to som…
Your data for Croatian dev salaries is mostly accurate - junior hires will net up to €1k, if they have some exp (interns or good personal projects) that miight go to €1.5k. Actually €1.5k is median dev salary, with seniors fetching €k2 net and team leads maybe up to €2.5k.
Note that this is all net monthly salary. Taxes, social, medical and pension contributions (all witheld by employer) add to roughly again that amount for these salary levels. Here's a recent survey (in Croatian but you'll be able to make sense of the charts and tables) with a lot more details (PDF): https://www.ictbusiness.info/media/infografika/developerske-...
Then there's freelance work, which exploded in recent years, partly due to a miscalculated tax break: if you're freelancer and register as a sole proprietor, you pay miniscule tax for up to €40k per year, handily beating most local companies' hiring budgets.
This lead to massive uproar by said companies, and there's now quite heated debate around the minutia of it. There are primarily two reasons for the complaints: first is that remote companies (which often hire these freelancers on full-time basis) basically get 50% discount, and the second is that local companies started laying off people and "conntracting" them as "freelancers", which is illegal but the guidelines on how exactly that's determined are extremely vague.
And that's just one country :)
Re: Bulgaria is the world’s fastest-shrinking country
#267Earlier quoted context omitted.
An important point here is that you probably can't get reasonable financing to buy said apartment. Mortgages in a similar country start from 6%.
Depends, if their banks have to follow the central euro bank rates or not, since they have their currency they might not have to, I don't know the specifics on how that works. Anyway, Central bank has interest at negatives, people are buying houses in EU with very little interest.
Re: Bulgaria is the world’s fastest-shrinking country
#268Earlier quoted context omitted.
How bad is it? I pay more than 50 percent of my income in various taxes in the United States. Before anyone asks, federal income, Medicare, Medicaid, social security, state income, state sales tax, local property tax, and lesser- luxury and gas tax.
You have to make more than $2M a year to pay 50% or more of your income in taxes in California: https://smartasset.com/taxes/income-taxes#nJbFzkKePY Of course, above calculator doesn't include sales, property, luxury or gas taxes.
Now that Donny capped state, local and property tax deductions at $10,000 per year (meaning you get double-taxed on the rest) and reduced the mortgage interest tax deduction cap from $1M to $750K, that number got much closer.
At $300,000 you're paying 48.65% marginal. That doesn't include, in SF, a 9% sales tax, a 1.188% property tax (that of course even renters pay as owners use rental income to offset that cost), and to your point, luxury and gas taxes.
Re: Bulgaria is the world’s fastest-shrinking country
#269Earlier quoted context omitted.
Surprising to most, the US governments spend a higher percent of GDP on healthcare than most European countries[1]. Then we also have high private sector spending on healthcare. Its pretty crazy. [1] https://www.healthsystemtracker.org/chart-collection/health-...
Those comparisons aren't very enlightening if you don't compare the quality of services provided.
[1] https://www.oecd.org/unitedstates/Health-at-a-Glance-2017-Ke...
[2] https://en.wikipedia.org/wiki/World_Health_Organization_rank...
Re: Bulgaria is the world’s fastest-shrinking country
#270Earlier quoted context omitted.
That seems steep? What about health insurance? I worked for a few years in The Netherlands and paid a little over 50% of my salary in taxes, however in return I had access to amazing government resources and some of the best health care in the world. At 50% I'd expect the US to provide at least some healthcare :(
That does provide healthcare - Medicare and Medicaid, which I believe covers about half of the US population. One reason some are opposed to going to a government paid system is the fact that we spend so much on that where if the costs were simply doubled it'd be a rediculous expense.
They're wrong because Medicare and Medicaid are more efficient and control costs better than the private sector. Costs are already more than doubled once you add in the private sector. Even if taxes were doubled y'all would still end up paying less on the net because your employers are already paying for healthcare, which is a private tax.