101–110 of 276 posts
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Between £100k-£120k it hits an effective 60% as the personal allowance is withdrawn.
60% of what exactly? Take home pay for a salary of £100k is about £66k, and about £74k for £120k.
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Between £100k-£120k it hits an effective 60% as the personal allowance is withdrawn.
60% of what exactly? Take home pay for a salary of £100k is about £66k, and about £74k for £120k.
For that additional £20k in gross salary, your take home pay only increases by £8k, so the _marginal rate_ for each additional pound in that bracket is 60%.
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Why are UK tech salaries so low compared to the US?
I think what most people are missing in these comparisons is that London's tech market is hugely contractor oriented, and so it makes more sense to compare day rates. Finance in London pays typically £500-600 per day for average level frontend and backend work. There's the potential to earn much higher if you're good at what you do.
Is that because of labor regulations there?
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Look, I work alone and find some situations best described by writing down long and comprehensive emails - but if you're going to accuse face-to-face contact as being 'caveman talk' I'm sorry but I'm going to wonder if your empathic or social intelligence is somehow dialled down. My life experience tells me that there are vast tracts of productivity that are served very well by direct collaboration with other humans.
> accuse face-to-face contact as being 'caveman talk' I said it's caveman technology, which is surely indisputable. In my experience it's thoroughly inefficient for discussing technical matters. That's probably why not much technology was developed before writing.
You said cavemen talk. Which is just ridiculous to be honest.
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This makes me think the question is better phrased the other way around. Why is SV compensation so high compared with the rest of the world?
A virtuous circle of people who make a fortune investing in other people hoping to make a fortune in the hope of making their fortune bigger. Silicon Valley is the place where agglomeration economics kicked in for information technology. That’s not really surprising. It had to be somewhere. Film has Hollywood, Finance has New York and London, Chemistry has the Rhineland, high fashion has Milan, Paris, New York and Lo…
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In complete terms it's more like 3x that $78k figure. The salary would be bad enough. The big US tech companies are nearly all publicly traded. So that $142,000 is really $250,000 or more in total compensation. The UK, and Europe more broadly, not only can't compete with the salaries, they can't compete with the ability to dish vast stock compensation thanks to the immense market caps that Google et al. have. If you'…
My personal counter is that I just couldn't morally accept contributing taxes to a nation which: - Exploits the poor and non-citizens - Overthrows governments and bullies smaller countries - Has only the most rudimentary social security system - Does not really have a concept of healthy work/life balance. With little time off and none at all for people with newborns. - Takes near-zero environmental responsibility - L…
Earlier quoted context omitted.
I think what most people are missing in these comparisons is that London's tech market is hugely contractor oriented, and so it makes more sense to compare day rates. Finance in London pays typically £500-600 per day for average level frontend and backend work. There's the potential to earn much higher if you're good at what you do.
> London's tech market is hugely contractor oriented Is that because of labor regulations there?
Most companies I know much rather have permies than contractors.
Pay tends to be quite a bit higher for contractors but without all the perks like pension contributions and leave that a permanent position has. However, as a contractor, you have more control over your life.
As a contractor, it's also easier to get exposure to different tech, rather than be stuck doing the same thing day in and out.
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In complete terms it's more like 3x that $78k figure. The salary would be bad enough. The big US tech companies are nearly all publicly traded. So that $142,000 is really $250,000 or more in total compensation. The UK, and Europe more broadly, not only can't compete with the salaries, they can't compete with the ability to dish vast stock compensation thanks to the immense market caps that Google et al. have. If you'…
My personal counter is that I just couldn't morally accept contributing taxes to a nation which: - Exploits the poor and non-citizens - Overthrows governments and bullies smaller countries - Has only the most rudimentary social security system - Does not really have a concept of healthy work/life balance. With little time off and none at all for people with newborns. - Takes near-zero environmental responsibility - L…
- Defends the global liberal world order and upholds free trade through spending half it’s budget on a military which protects the entire continent of Europe.
Earlier quoted context omitted.
In complete terms it's more like 3x that $78k figure. The salary would be bad enough. The big US tech companies are nearly all publicly traded. So that $142,000 is really $250,000 or more in total compensation. The UK, and Europe more broadly, not only can't compete with the salaries, they can't compete with the ability to dish vast stock compensation thanks to the immense market caps that Google et al. have. If you'…
Also we get 2-3x more holiday, and sick days don't come from your holiday allowance. And the hours are shorter. I work 40 hours a week for very good pay (for the UK). Previous job was 37.5 hours. I bet Google's hours are much longer.
Even Amazon employees do pretty well, getting 2 weeks paid time off + 1 week of "personal days" (de facto vacation days) in year 1, then that goes up to 3 weeks PTO + 1 week of personal days starting year 2 IIRC.