21–30 of 94 posts
The vast majority of people are not going to uproot, because living in a sane country with sustainable long term employment more than pays for itself.
Earlier quoted context omitted.
Dubai has far looser work visa and banking laws. And low taxation. Infrastructure may not be as cheap but it is accessible. If your goal is to get in make money and leave Dubai might be a lot more approachable from both company owner and employee perspective.
>If your goal is to get in make money and leave Dubai might be a lot more approachable from both company owner and employee perspective. Sure, but if we are talking about a place to move to and live the US is definitely my preferred choice.
There are definitely a fair number of EU citizens exploiting this and UAE tax residency.
Earlier quoted context omitted.
Hard to disagree, but have you seen abroad? Seems like outside Europe you're at a constant one health crisis away from homelessness. Is that even an exaggeration at this point? https://i.redd.it/e2u2h3la7e1b1.jpg
I think you are completely delusional about the US. They have healthcare as well, you know, they just pay it from their paycheck and it isn't deducted from their salary. >homelessness In Germany the state guarantees you housing. Yet it has a far bigger homelessness problem than the US.
Using salaries in Italy, Spain, and Hungary as means of comparison and pretending they are be representative of the "European market" reeks of dishonesty. Salaries in Germany, France and UK for those same roles are 2x or sometimes 3x higher than those mentioned in the article. This is certainly a factor for migration within Europe
And yet half of the ones in the US. At least based on when I got some offers last year when I was considering moving to Europe
At the same time, I hear about IT people living in an American metropoly, earning much more than I do, and supposedly struggling with bills. I wonder if the cost of living differences are that huge, or maybe I just have low standards, or is it something different altogether.
Earlier quoted context omitted.
London is competitive with tier 2 US cities (i.e. not SF/NYC/Seattle). Switzerland is competitive even with Tier 1 US cities. COL and taxes are higher though.
So it’s not competitive if taxes are higher and COL is higher. What one cares about is the final income in pocket and purchasing power. I don’t really care if my salary says “1 million” if I keep 50k of that, I only care about the final number unless there is some tax loophole one can exercise like pre tax deductions, but still…
The underlying thesis of the article is that high salaries in the Gulf will outweigh the downsides of working in low-rule-of-law authoritarian states with onerously rigid managerial and social structures, which ... might work out for some folks, but if you haven't worked with Gulf-domiciled companies before I wouldn't recommend signing a long-term contract before testing out those waters.
If by folks, you mean straight men... because I sure as hell wouldn't consider moving if I was gay or a woman. Just this week Ireland had to pressure UAE to return an Irish woman who authorities imprisoned for "attempting suicide" after she was injured because of domestic violence.
https://www.irishtimes.com/ireland/2024/07/10/dubai-drops-at...
Earlier quoted context omitted.
Hard to disagree, but have you seen abroad? Seems like outside Europe you're at a constant one health crisis away from homelessness. Is that even an exaggeration at this point? https://i.redd.it/e2u2h3la7e1b1.jpg
I think you are completely delusional about the US. They have healthcare as well, you know, they just pay it from their paycheck and it isn't deducted from their salary. >homelessness In Germany the state guarantees you housing. Yet it has a far bigger homelessness problem than the US.
Citation needed.
Exodus to where? U.S. isn't hiring, and even when they are you're living in broken cities in one of the most corrupt capital markets in the world. Whatever job you get a visa for is indentured servitude. The vast majority of people are not going to uproot, because living in a sane country with sustainable long term employment more than pays for itself.
Earlier quoted context omitted.
And yet half of the ones in the US. At least based on when I got some offers last year when I was considering moving to Europe
What are you saving for? I keep hearing people in the US earn much more, and it's certainly true in absolute terms, but... I live in a poorer (but not poor, just not germany/france) EU country, with a relatively good but not great salary. I earn way more than I need - I can afford the apartment I want (recently moved to a bigger one due to becoming a parent), I know medical bills won't bankrupt me in case of emergenc…
Using salaries in Italy, Spain, and Hungary as means of comparison and pretending they are be representative of the "European market" reeks of dishonesty. Salaries in Germany, France and UK for those same roles are 2x or sometimes 3x higher than those mentioned in the article. This is certainly a factor for migration within Europe
Taxation. At 2x or 3x in France you'd already be at 41% income tax bracket. Then 45%.
And of course a country like France doesn't just tax income: it taxes everything, to death.
You can be making 2x that of someone in Spain, if you pay 41% on that additional money, suddenly it doesn't really like 2x anymore.
In the UAE (say, Dubai: a very thought after destination by many) there was no income tax and if there's one now, it's mild (I think 0% on the first $125 K then 9% on money above that).
France is not a net importer of talent. It's exporting a shitload of engineers to SV and the UAE. France is however a net importer of underqualified people, many of whom do not find any work, putting a strain on the economy and giving politicians the idea of taxing people who work in France even more.
In 2023 the state's income was much lower than expected, which prompted Bruno Lemaire, the economy and finance minister, to cheat and fudge the numbers to try to hide the gigantic hole. French senate called him for it.
Yup: the situation in France is that bad they now have to cheat on the numbers they present, like Greece did (and we know how it ended up for Greece).
> This is certainly a factor for migration within Europe.
Seen the current political situation in France, I don't know who'd be foolish enough to want to move there at the moment.