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Ask HN: Why is pay so much higher in the US? (or is it?)

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71–80 of 175 posts

Re: Ask HN: Why is pay so much higher in the US? (or is it?)

#71

Things to keep in mind in comparisons like that: - Where in the us? SV will have absurd salaries, but also absurd cost of living. - What do you pay for in your country? How much is your health insurance? GP visits? Family education? - What's the environment like compared to a $random_us_location. For example do you need to own a car to survive and do you spend lots on daily driving? - What are your benefits? I've got…

My US-based remote job pays for all these things.

Re: Ask HN: Why is pay so much higher in the US? (or is it?)

#72
post #46

Earlier quoted context omitted.

I live in London. Developed a persistent headache which goes on for a few months already. Just got appointment to a neurologist for August 2023. Today is September 2022. Although, is UK in Europe?...

Yep, that's how the coveted socialized health care system looks like in practice in many European countries. Sometimes the queue is short and you can use it. Sometimes it's not and you go to a private doctor instead. Sometimes, the nececessary drug is refunded and you get it for nearly free. Other times it's not and you buy it out of pocket. If it happens to be expensive, it will bankrupt your family just the same (o…

> Yep, that's how the coveted socialized health care system looks like in practice in many European countries.

The NHS really stands out negatively in Europe, no matter how great the Brits think it is. Unfortunately, English-speakers living where they do, this is not really voiced in the English press. Out of all of the Anglophonic world, yes, the NHS is probably the best.

Re: Ask HN: Why is pay so much higher in the US? (or is it?)

#73
The biggest insight I am gaining from this thread is how many misconceptions about the US are rampant.

Everyone: we have doctors in the US and if you have a job you get health insurance. Also we have paid leave, and software developers often have great benefits including for example paternity leave.

And if you want a walkable city and not own a car we have New York.

And if you want a good free education for your kids we have small towns and suburbs.

True you can't combine those last two. Otherwise, the quality of life in the US for a professional worker is pretty awesome.

Re: Ask HN: Why is pay so much higher in the US? (or is it?)

#74
No mention of time off.

Salaries might be higher in the US but how should the increased time off factor into the calculations?

I'd love to work in the US. But the lack of days off is off putting. I have yet to come off a holiday wishing I'd been working instead — from a short, medium and long term perspective — even when work is great.

Re: Ask HN: Why is pay so much higher in the US? (or is it?)

#76

Earlier quoted context omitted.

I live in London. Developed a persistent headache which goes on for a few months already. Just got appointment to a neurologist for August 2023. Today is September 2022. Although, is UK in Europe?...

No longer, because 350 million pounds a week was being diverted from the NHS into Brussels.

[deleted]

Re: Ask HN: Why is pay so much higher in the US? (or is it?)

#77

No mention of time off. Salaries might be higher in the US but how should the increased time off factor into the calculations? I'd love to work in the US. But the lack of days off is off putting. I have yet to come off a holiday wishing I'd been working instead — from a short, medium and long term perspective — even when work is great.

If you're working for a SV tech firm, the vacation is comparable.

I had 5.5 weeks off per year. I took 5 weeks off in a row one time. People who replied to emails on vacation were laughed at ("don't they have a life beyond work?").

Re: Ask HN: Why is pay so much higher in the US? (or is it?)

#78
post #61

First look at the top N tech (and tech adjacent) companies in the US and work out their revenue pr employee. Now do the same for Europe and Korea. Second, look at how much VC money is invested into tech companies each year in the US, and compare that with Europe and Korea. A lot of US companies simply have a lot more money sloshing about, and as such can afford to pay a lot more money to attract talent, driving up th…

> why are European and Korean companies so bad at attracting investments and making money.

- Taxes

- Bureacracy

- Smaller local markets (with less purchase power and more risk averse)

- Harder access to bigger markets (US, China)

- Extremely conservative local market VCs

- US VCs are unlikely to invest in EU/Korea unless the company is incorporating in Delaware or something equivalent.

- Talent is more risk averse, tends to prefer to stick around larger MAMAA companies or emigrate rather than risk running out of runway in a startup.

Re: Ask HN: Why is pay so much higher in the US? (or is it?)

#80
post #23

I would say it is because of less social security. In my country your pay will be significantly lower, but we get "free" healthcare are insured against unemployment&unable to work because of injury/sicknes, have a pension and have various social programms, etc.

It's not like the US doesn't have that, or at least California.

During Covid my friend got $4,000USD per month in unemployment for over a year. A relative of another friend immigrated from SE Asia and signed up for Medicaid when she arrived. Pretty much free healthcare.

If you get injured, you can qualify for SSI payments and healthcare. I mean, we have a "crisis" right now because of all the disable men who no longer work and live off of government payments.

I mean, you can argue that maybe the US isn't quite as generous as Europe, but it's not like there is no social safety net. The federal government spends 50% of tax revenue on social programs.

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