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Startups Are Scooping Up Big Tech’s Cast-Off Workers

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121–130 of 349 posts

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#121
post #29

American engineers are lucky to earn enough to be able to save up and do stuff like this, like on $200k you can save enough to really try a start-up for a year or two. Whereas in Europe we're lucky to get $80k in the same jobs, and then the state steals half of that :/

We also have to pay a lot more out of pocket for basic services like healthcare,, transportation, childcare, etc.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#122
post #29

American engineers are lucky to earn enough to be able to save up and do stuff like this, like on $200k you can save enough to really try a start-up for a year or two. Whereas in Europe we're lucky to get $80k in the same jobs, and then the state steals half of that :/

New York and California steal (at least) half too.

At least in Europe you get something for your taxes (okay, except maybe Germany).

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#123

Earlier quoted context omitted.

Average salary in SV is 115k, 22k in France. USA live off its neo-colonial digital empire, not through the exploitation of blue collars. When any digital company out there pay 30% of what they earn in tarifs on cloud, ads, servers, licenses, app revenue, patent litigation, …

Why does SV pay so much? Can't we just cut pay down to what Europe pays? Why are our companies so charitable?

It's the cost of living. The cost of living in the SF baybarea is 79% above the national average. A living wage is simply more here because it costs more to live here.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#124

Earlier quoted context omitted.

So, you compare the averge of France, a cpuntey not known for high salaries, as a cpuntey to one of the highest paid regions in the world? SV =|= blue collar, the rust belt and Detroit are blue collar.

Ok let's do a fairer comparison. Avg annual income across EU was 33,500 Euro in 2022[1]. For the USA, that was 60,500USD [2] [1] https://ec.europa.eu/eurostat/web/products-eurostat-news/w/d... [2] https://www.sofi.com/learn/content/average-salary-in-us/

Exactly, and my wife and I spend easily tens of thousands a year out of pocket for things that would be "free" or close to free in the EU. Things like healthcare, transportation, childcare, etc. Its not uncommon for health plans have a 10k deductible per year, 20k for the family.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#126
post #68
post #21

Many are going to start their own startups and the seeds for the next Cambrian explosion are being cast today, just as they were in 2001–2003 or 2008. That said not all Big Tech employees can deal with the hustle required at a startup.

I’m skeptical that the same patterns we saw in the early 2000s are going to play out again. Last time, tech was in its infancy. There was a small universe of people who understood baseline concepts like getting to product market fit, how to measure and implement growth patterns, etc etc. Today these are practically household concepts, and they have been for years. There aren’t a few hundred other people in SV you are…

Perhaps there will be higher quality startups… I don’t know, it feels like prior to 2020, the market was in overdrive and everyone’s ideas were getting funding under the hype growth path to monopoly strategy. And during this time, how many Forbes 30 under 30 people have been found to be incredible frauds, some of the biggest economics has seen? With money not as cheap, I do wonder what will happen. The startup “rules” for 2023+ seem a bit different now and hyper growth tactics may not work as well now (or be incentivized as much until late stage growth rounds…but I’m not an investor). Anyway, I’ll now lean back in my arm-chair…

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#127
post #98
post #29

American engineers are lucky to earn enough to be able to save up and do stuff like this, like on $200k you can save enough to really try a start-up for a year or two. Whereas in Europe we're lucky to get $80k in the same jobs, and then the state steals half of that :/

[flagged]

That's a bunch of stereotyping. I work in the telecom industry and live in a place without bay area or Seattle type cost of living. I get 15-days caregiver leave, 12 weeks paternity leave and 20 days of vacation. A sr sw engineer where I am at will get about $175k with bonus. A staff engineer will make about $300k with RSU. It's not Big Tech but definitely better than what Europe has. Again not being in the bay area helps. I have a very flexible work schedule and a pretty awesome work life balance.

Don't go by what the media portrays. Your comment makes it sound like Tech workers can never take vacation or have kids. It couldn't be furthest from the truth.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#128

I don’t understand what the opportunities for startups are these days. Anyone know? I feel like the world doesn’t need more saas companies or otherwise you’re doing a chatgpt api company.

A lot of b2b opportunities. Yes, more saas companies are needed, in niche markets. Lots more saas companies, lots more value to build.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#129
post #98
post #29

American engineers are lucky to earn enough to be able to save up and do stuff like this, like on $200k you can save enough to really try a start-up for a year or two. Whereas in Europe we're lucky to get $80k in the same jobs, and then the state steals half of that :/

[flagged]

In 2022, a 5-year peak year, 313 people in the entire US died from active shooters: https://www.cbsnews.com/news/active-shooters-fbi-report-2022...

That's out of 330 million total population.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#130
post #33

Earlier quoted context omitted.

In Germany, it's not the social system per se but it's aoparent utter ineffectiveness. We're paying more and more every year but the state/public system seems to fail everywhere and worse so than the year before. It's like the money is completely sucked up by some unproductive black hole. And no, it's not because of reduced taxation from rich to working class, or missing taxes on property or some other policy. These…

That is, in my opinion, by far the strongest argument for lower taxes. The money we (the US) do spend in education/healthcare/infrastructure is already poorly utilized, why would we want to spend more and end up like that? To simplify it dramatically with an example, I'd rather pay $3 on the toll road and $50k for a surgery myself than pay $10 in taxes towards the road and $100k in taxes towards the healthcare system…

For a fair comparison of health care costs, you would need to know how much that $50K surgery would cost the German government. US health care costs are notoriously high.
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