Earlier quoted context omitted.
Alternatively they've been completely skewed by the profit margins of the big software companies, where it turns out they print money regardless of how high payroll gets. As supporting evidence, VC funded startups pay less than said software companies. It's interesting that Europe has abjectly failed to produce anything like Google or Meta. I'm not sure what the underlying reason for that is.
> It's interesting that Europe has abjectly failed to produce anything like Google or Meta. I'm not sure what the underlying reason for that is. There isn't a singular reason, it's a complex combination. Btw I'd like to preface this to say I'm not sure most Europeans actually want a Google or a Meta, there is aversion to "too big to fail" companies in most sectors. * investment money - VCs bet on tons of stupid thing…
If their business has no economies of scale, no. If it does, they won’t survive without subsidies.
At a certain point, subsidising a low-scale domestic replica of an efficient international option breaks due to (a) the internet and consumer choice or (b) cost.