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why are uk salaries so low compared to us

October 16, 2020 by · Leave a Comment 

In general I think Canadian investments are less risk tolerant, the market doesn't shift as fast as it does in the States, and therefore less cash flow. SF is a place to go and pile up money with a get out plan in mind. Most development salaries are pretty high compared to the median salaries in the surrounding region, they're just low compared to American developer salaries, but few people abroad make American salaries, so people tend to be happy with their "I'm upper-middle-class compared to the people around me" salaries. People will point out the fact that American's have to pay for Health Insurance (on average $6000 annually), but they also have lower taxes compared to …

High demand always skews the price, and it is faaaar easier for the US firms to hire US based workers. And in extreme tech hot spots like SV or NY there should course be an additional effect due to the high demand of skilled IT professionals and the fact that people can usually find a new job very easily, which also makes it easier to negotiate a higher salary and forces companies to pay above average rates to attract talent, which is a self-reinforcing effect. And lovely people around me. I approach a man who’s quietly drinking a beer while looking after his baby daughter. I'll link you to a comment I made a few days ago about moving to the NL: Thank you; missed this the first time around. But yes, higher than Russia, Saudi Arabia or Mexico. In Massachusetts and other US states, less transparency is touted as the answer; employers aren’t allowed to ask what your previous salary was when you apply for a new job, to stop low … If that were the cause, Austin, TX should become the high-pay Mecca that every programmer would migrate to, because Texas is a right-to-work state. You probably aren't going to do so well with a start-up in rural Mississippi or Indiana, mostly because folks don't have much money to spend on your wares, yet in some other areas it'll seem like they are doing well. Walking around Bristol on a heaven-scented spring day, buttonholing random strangers about their personal finances, I sense most would prefer it if I were asking when they last masturbated, or passed stool, or voted Conservative.

How much is that? : The 95th percentile American worker makes considerably more than the 95th percentile German worker, while the 5th percentile American worker makes considerably less than the 5th percentile German worker.

I approach a couple of mothers in the park and cast a shadow over their picnic rug. 1x (US) to 4x (China) does not a magnitude make. How much do I earn now that I’m freelance? I agree. Just because a country has a smaller population it doesn't make it unsuitable to live or to compare economic data. For fun I tried to extend the tables out to a 'lifetime' value, but there are so many variables and assumptions that I don't think it's worth it for anything other than fun.

“But what goes in comes out.” After rent, council tax, bills and so on, she’s left with “pennies”. Following failed surgery on a degenerative spinal condition, she lives on disability benefit and volunteers at a local hospital for the chronic pain management programme. I guess that's the level of respect we get here. “I’d be fighting for individuals who’d been on minimum wage for a long time. 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. In my experience that's not specific to the UK.

The healthcare is that good in many European countries. If you are from a foreign country and come to Germany to study in the universities, you also pay only that amount.

“It’s not bad – but I could be earning more,” he reflects. To be honest I didn't take that into account but I guess you're right.

Or it assumed to be on top of your salary?

It's much harder to fire an employee in Europe, so companies are less willing to bid on employees, and so compensation is lower.

I wouldn’t give that up for any price.”. “I come from a mining village near Wakefield where everybody knew everybody’s business, so attitudes were completely different,” she says.

A part of the gap can be explained by the way that work is organized in the US compared to Europe. Employers in the US do the same thing. “Mine is the last salary to be paid at the end of each month,” she says. As a comparison: I am a programmer with above average pay in Germany, my mom works upper management in a big company.

Live in the US, work for a giant company. Even with employer-subsidized insurance, it is easily a few hundred per month, plus they have to pay the deductible before it kicks in. And it’s just another job, not a path to millionaires, in everywhere else in the globe.

There's no way most of those people contribute that much more to the company - some might, but most don't. But Mickey is philosophical.

No, it's an economic decision. Do you know that for a fact, or are you assuming that is the case?

But what’s the point if you have less time to spend with your family, less time for holidays, and less time for BBQs in your big garden?

When he’s struggling I step up the pace and the company’s happy. The averages don't work well when you divide.

This is not true... Google Switzerland pays more than in US (actually more, than anywhere else), especially if you take taxation and the pension system into account. The holy grail is to geoarbitrage by getting paid by a company in a location that pays highly while living remotely somewhere the cost of living is much lower. This income is enough for me to live my life without any privation, going to bars, cinema, restaurant, weekend trips, etc whenever I want, and still save 10 to 40% of it each month.

> London's tech market is hugely contractor oriented. If you work for a US company and have equity as part of your compensation you just got a 30% raise in CDN$ out of that as well. Cambridge and Oxford have been gentrified for a very long time.

- there may indeed be a cultural/philosophical difference in approach to end-of-life care.

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