461–470 of 974 posts
Earlier quoted context omitted.
There is absolutely no way to get 500k/year from being just an engineer in Europe. I recall the React creator's base salary is 100k/year in London, and he works at Facebook.
$100k or £100k?
Earlier quoted context omitted.
That does sound like a pretty stress-free way to live! That said, living in Europe doesn't always equal good living conditions and stability - it depends on the particular country you're in as well. My net salary is just over 1000€ per month as a software dev. My living expenses eat up around half of that. If a quick search turns up that in USA the median salary for a dev is around 100k$ per year ( https://money.usne…
> My net salary is just over 1000€ That's really low, even for poorer European countries. Decent middle-level software engineer in, let's say, Ukraine (no offense meant - it is a good country, just isn't one famous for high incomes), easily makes at least 2k (and I say "at least" - that's awfully underpaid). > that means that i'd need anywhere from ~8 to ~14 years to save as much as they could in a year That's a bit…
But even so, the average net salary in this country is even lower than that (overall, not for software developers) and i don't have kids or a car to take care of, hence others could also have those expenses to consider.
Thus, factoring those in, it might indeed take a substantial amount of time to create any savings. For example, i presently have 25k€ in my bank account, though it has taken about 4 years to get there.
That's not to say that people in US or other places also don't have similar factors to deal with, like healthcare costs or student loans.
Earlier quoted context omitted.
I don't think you've fully thought through your position. You making less isn't some altruistic thing. You making less directly contributes to your (already likely wealthy) boss making more. It's not like you making less means the poor live better lives, it's essentially donating money to your employer.
There's cultural differences here depending on where the employer is based. I believe the employee-CEO pay gap is substantially less for many European companies (excluding UK).
Earlier quoted context omitted.
There is absolutely no way to get 500k/year from being just an engineer in Europe. I recall the React creator's base salary is 100k/year in London, and he works at Facebook.
> There is absolutely no way to get 500k/year from being just an engineer in Europe. Proprietary trading shops in London at the top end or L6+ at Google Zurich can pay that in total comp. > I recall the React creator's base salary is 100k/year in London, and he works at Facebook. And what about stocks? There should be at least another 100k in them. Facebook is a publicly tradable company, its RSUs are as good as cash…
That's like a new grad engineer at twitter if we simply compare base salary.
Earlier quoted context omitted.
Because otherwise outputs go down, with people naturally making effort to do whatever it takes to qualify for the best compensation, rather than actually doing something productive (as high outputs is not it). As the result, the whole economy (and thus, society) struggles. Check history of the Soviet Union - it was a glaring issue there.
[flagged]
I've just mentioned Soviet Union as prominent and well-documented example. Don't put words I haven't said in my mouth. Thank you.
Heck, this issue is not even specific to communism.
Been working in Europe for about 10 years now with "low" wages as a Hardware Engineer (6 figures US). Sorry but America seems like a third world country compared with what we get here. I have: 35 days vacation per year, 35 hour work week, overtime pay, free education, childcare money each month, healthcare that wont bankrupt me if I lose my job, up to 3 years in parental leave (6 mo. paid), probably other things whic…
Earlier quoted context omitted.
There is absolutely no way to get 500k/year from being just an engineer in Europe. I recall the React creator's base salary is 100k/year in London, and he works at Facebook.
The average salary for a Software Engineer is $107K per year in United States. The average salary for a Software Engineer is $66K per year in Germany (~61% less). Source: indeed and payscale. I always find a bit funny when US devs in HN talk about getting salaries above $200K/year... when the average US dev gets half of that. (I find it funny because everybody here thinks we are above the average dev level and can ge…
It's much easier to achieve 500k/year in Bay Area than in Europe.
500k/year can be achieved by being a senior engineer at one of the successful companies for a few years. The stock growth should take care of that, easily. There are probably like 100 of successful companies in Bay Area between 2010 to 2020.
There are thousands of people achieving this in Bay Area.
In Europe, the base salary is lower. The stock comp is also lower. If you are a regular IC, these 2 always go together. You would need a much higher stock growth. This level of compensation is rarely heard of that it seems impossible.
Earlier quoted context omitted.
That does sound like a pretty stress-free way to live! That said, living in Europe doesn't always equal good living conditions and stability - it depends on the particular country you're in as well. My net salary is just over 1000€ per month as a software dev. My living expenses eat up around half of that. If a quick search turns up that in USA the median salary for a dev is around 100k$ per year ( https://money.usne…
I considered moving to France for a few years (from the US), but I was shocked to find it would be a 40% pay cut, even after factoring in all of the healthcare and other expenses we Americans enjoy. And the cost of living is a fair bit higher in France to boot. Now that companies are cozying up to remote work, I think I’ll jist do more frequent 3 month trips and work in the evenings when I run out of vacation days. T…
Hopefully countries will also warm up to remote work and will create legal avenues for individuals to do remote work while still paying taxes.
Earlier quoted context omitted.
If you're making 100K in California, your marginal tax rate is: - Federal: 24% - State: 9.3% - FICA: 7.65% (6.2% social security, 1.45% medicare) - SDI: 1% This gets you to 42%. Your employer matches the FICA payments too, so that's closer to 50% of your take-home pay. Once you make enough to pay off the regressive FICA taxes ($142K) you get bumped back down to "just" the mid-high 30% range briefly, until you hit $16…
Don’t forget the 10.25% sales tax. This puts the combined marginal tax rate at 59.85%. (24 + 9.3 + 7.65 + 7.65 + 1 + 10.25)
Earlier quoted context omitted.
Well, IDK where I fit on the skill curve but... my total comp is personally well above that line. There's definitely a bi-modal effect with tech companies issuing RSUs that appreciate dramatically vs. random insurance company or telco.
> RSUs that appreciate dramatically Well, yeah, luck certainly can factor in. There was a year I made around 1.35 million in total comp due to luck like this. Nowadays I mostly make around 150k.
I'm sure you can join one of the FAANGs and get, at least, $300k/year easily.
If I have a few millions in my bank, I'd definitely join an interesting startup with no regard to compensation.
1.3m/year definitely has some luck involved. 500k/year is probably less luck. Just joined one of the hot tech companies and stay for 4 years. You have to be unlucky to not get to 500k/year.