121–130 of 609 posts
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Exactly my thought when I read the title. I know the cost of living is higher in US but I'm always baffled by how much tech workers make on the other side of the pond. To me it sounds like a dream.
You're welcome to join us anytime friend!
It also makes us Europeans feel underpaid :) I have 20 years of experience and don't even make six figures. $350000 base pay sounds like a different world.
Be aware that if you include the taxes and mandatory insurances you have to pay (and your employer has to pay), you'd usually pass the six figures easily. It's easy to be a millionaire if the state takes fuck all from the paycheck.
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What percent of people have fixed vs variable rate mortgages?
In UK you always get a fixed rate for X number of years, then it automatically move to variable(but at that point you'd just remortgage again). Like we're on a 1.29% 5-year fixed mortgage, but the whole thing is 20 years long. But after 5 years we'll just remortgage again on new terms.
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The employer is the one taking that extra value, so why wouldn’t the “you already have enough money” argument cut both ways? I also assume management is wealthier than the previous year.
Management is employees, too..
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> To be clear, I do quite a bit better than that... I'm not complaining. But using 120k as an example...a person went from making 4x the typical full time salary to 2x the typical full time salary in a very short period. This is what I will never understand about most established tech people, they see all the widespread misery and poverty in SV and they still have the capacity to feel sorry for themselves for not mak…
> This is what I will never understand about most established tech people, they see all the widespread misery and poverty in SV and they still have the capacity to feel sorry for themselves for not making X times more than 'that other guy.' Out of sight, out of mind? What does it matter whether the misery and poverty is in your neighbourhood, or in the third world?
Or a level self-abosrbedness that can only be defined as peak narcissism, really.
I get wanting to be paid what you're worth, but when it comes to pretending you're some how any better than any other wage-slave is where I have trouble crossing over that level of hubris.
Earlier quoted context omitted.
Be aware that if you include the taxes and mandatory insurances you have to pay (and your employer has to pay), you'd usually pass the six figures easily. It's easy to be a millionaire if the state takes fuck all from the paycheck.
We pay taxes in the EU as well. Often the rate is much higher than the US but it depends on the country.
Obviously once you start making 300k+ in US none of that really matters, you win at life in general - but it's not like people in Europe making 60k(euro) as software devs are in poverty or anything.
It also makes us Europeans feel underpaid :) I have 20 years of experience and don't even make six figures. $350000 base pay sounds like a different world.
20 years here too, UK, I've finally broken the 6 digit bar but I had to move to contracting. My experience made getting job offers simple, but no one wanted to pay more. I'd often get lowballs with the offer of kudos for working at that tech firm. £95k seems to be the upper limit at this point here for FTEs.
I actually have no idea why this is not the case already. It's basically 1st world to 1st world transition and the one losing would be EU.
A solid article, but it should have commented on single family home prices. If you use the 3x salary rule, a $120k a year techie couldn't afford the median home price in America ($374k). A software engineer in San Francisco would have to make $526k a year in cold hard cash to reasonably afford the median single family home ($1.58 million). Talking about six figure salaries as if they are unquestionably upper-middle c…
What 1980s fantasy is this 3x rule? Median household incomes to home price ratios have risen to ~8x across the US as a whole , not just crazy house price areas like SF/NYC. Canada and Australia are far worse again, pushing 15x in some cities. 3x, if it ever was a rule, has been dead for a long long time.
$100,000/yr = $8,300/month pre-tax = $6,000 after tax
$300,000 home minus $60,000 down @6% = $2,000/month for mortgage + tax + insurance
But I recall right before the 2007 crash my manager was shopping for a mortgage and they were willing to lend him $800,000 on a $120,000/yr salary.