What the job actually gets you (mandate, network, access, decision power, ...) is the real value money couldn't buy otherwise.
But then again this argument might be wrong, because if it were the case why list the job in the first place?
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What the job actually gets you (mandate, network, access, decision power, ...) is the real value money couldn't buy otherwise.
But then again this argument might be wrong, because if it were the case why list the job in the first place?
A bit of a detraction from the link but can anyone who's lived for a significant amount of time in both the UK and the US confirm that £100k is equivalent to $200k? It seems fairly unlikely to me as UK tax and NI would be around 50% plus everything you purchase has 20% VAT. Sure medical insurance in the US is insane but surely that doesn't quite cover it.
For a while, the strong pound made it seem like people in the U.K. were well paid compared to most developed countries (not the US which tends to have higher pay than basically any other medium or large country) but I think this was mostly just the strong pound and purchasing power wasn’t much higher in the U.K.
The pound has fallen a lot in the last decade and I think various numbers like pay have been somewhat sticky and not really gone up to match the increased cost of imports.
To attempt to make a comparison, if you live in central London vs Manhattan, tax rates will be comparable (maybe more so if you double both gross salaries), rents in Manhattan will be something like 2x (probably more) based on apartment type but you’ll potentially get something bigger/nicer in NY (ie partly it is about a difference in the average unit, but if all you can get is a large apartment, you have to pay for all of it so controlling for such qualities isn’t so relevant). Rent controls mean that the supply of apartments is less than might be expected based on the number of housing units In Manhattan. Groceries (in Manhattan) are more expensive, as are things like restaurants. The comparison doesn’t feel totally crazy to me.
Other US cities may be different though, eg I don’t know how the taxes/rent would work out in SF or the Bay Area or Seattle or Chicago. There isn’t really much of an alternative to London in the U.K. in the same way that there are many ‘top’ cities in the US and tax policy is much more uniform between locations.
A bit of a detraction from the link but can anyone who's lived for a significant amount of time in both the UK and the US confirm that £100k is equivalent to $200k? It seems fairly unlikely to me as UK tax and NI would be around 50% plus everything you purchase has 20% VAT. Sure medical insurance in the US is insane but surely that doesn't quite cover it.
Could it simply be, that these types of jobs (high rank, low pay) are reserved to wealthy people? It might be so that the only ones that can apply are people for which the salary is a mere formality - it's just listed because it might be mandatory for the paperwork. Kind of similar to how artificially high housing cost is some sort of gatekeeping/community control and not actually reflecting demand in some places...…
Earlier quoted context omitted.
Not necessarily: "The post can be based in London (1 Horse Guards Road), Norwich (Rosebery Court) or Darlington (Feethams House)."
Lucky them working in Darlington one week and Norwich the next!
The thing I don't get about it is that not all UK public services are like this. I know as a fact that senior programmers with the NHS make 70-80k. A project lead can get close to 100k. No idea what the Treasury is thinking here.
A bit of a detraction from the link but can anyone who's lived for a significant amount of time in both the UK and the US confirm that £100k is equivalent to $200k? It seems fairly unlikely to me as UK tax and NI would be around 50% plus everything you purchase has 20% VAT. Sure medical insurance in the US is insane but surely that doesn't quite cover it.
£100k in the UK a top 10% wage for the country, but the wages in the UK are massively skewed towards London and the South East. As for the tax, we have progressive taxation in the UK. Earning £100k, you'd pay 0% on the first 12.5k, 25% on the next 70k or so, and 45% on the last 27.5k (numbers are from memory so they might be a little off). High wage earners are not giving up half their income in tax. That'd be silly.
You hit 33% income tax + NI at 100k (see listentotaxman.com)