941–950 of 974 posts
The whole of Europe's tech scene is smaller than India's. I think that is the reason for the pay gap. Even despite that the pay for engineers is significantly above the median wage.
I live in the Netherlands and I make a salary similar to doctors, lawyers and dentists. So the face value of the salary may be lower but it is a lot for here.
Earlier quoted context omitted.
I graduated with 2 bachelors degrees and a masters degree with no debt through scholarships and grants. I have saved nothing for my children’s education. If they want to attend college, it is on them to pay their way just as it was for me. I’ve told them that I will help a bit during their first year. My company matches my retirement savings up to 5%. I save nothing else for retirement. I should have millions of doll…
> If they want to attend college, it is on them to pay their way just as it was for me. You seem to be completely unaware of how wildly the cost of education has increased even over just the past decade, especially for 4-year institutions.
Earlier quoted context omitted.
> 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…
If Ukraine legitimately has an average net salary of 2k for a SWE it's better than the actually good parts of the EU. I really, really doubt that this is true.
Earlier quoted context omitted.
It's not a major outlier if it's common. 100k USD in GBP is 73347.60. In the UK you'd be taxed 30% on that, including national insurance. https://listentotaxman.com/73347.60
No, in the UK, your marginal rate at that income would be 42% (40% income + 2% National Insurance).
Earlier quoted context omitted.
I don’t think this is any different than with stock market wealth.
you can divide stock between 2 parties, maybe fair, maybe unfair, but that's it. A house will be up for sale when neither can afford it on their own, and a lot of money gets lost just in the process
We acutally earn less than other professions like accountacy, etc Where as in america that isn't true.
Admittedly I don't know much about work relations in Europe but are SW engineers unionized there? A union could 1.)allow workers to aggressively collectively bargain for more money 2.)add additional requirements (licensure, education requirements, etc) to keep down the supply of labor. I'm not saying such a move would be good for everyone, but it could be good for those who become members of the union.
If anything, I've seen union doing exactly the opposite, at least in Germany for senior level jobs. Coming to work for a big company the only chance of getting a higher salary is to be above the union negotiated margin. The companies generally don't really want you to get there and it can be really tough to negotiate this. You are really well protected and basically unfirable in union but there is a top margin to you…
Earlier quoted context omitted.
Yes, I am quite sure. The typical FAANG developer is not earning $200k base and $200k RSUs per year. It's more like $130k - $180k and maybe $80k to $150k RSU. You have to be pretty senior to reach top 5% income at FAANG in the US--it isn't as common as HN would have you believe. And as I've noted in another comment, top 10% doesn't put you in the same socioeconomic class as the actual wealthy ( https://www.investoped…
I guess it all comes down to which unequality we're talking about. Sure, if does not significantly affect the difference between the very top and the rest. But there are a lot of differences between different brackets from the ones at the bottom up to 99% too.