Did you ever want to work in Europe since pay is so much lower?
I wanted to work in Europe since it seems like the quality of life is much better...so are the women and food.
So sell the house in US and move to Europe after 40/50 for work is the way to go?
Pay is lower but all your expenses are lower too. Groceries, rent is less than half of rent in the US. We pay lots of taxes yes, but public transportation is nearly free and usable by everyone (in some places in the US only lower class/homeless people seem to be using public trans?). Top tier universities are nearly free (Germany: 100€ per semester), so if you have children you save enormously. Healthcare is ridiculously cheap, doctors and hospitals are top notch and don’t make you wait 8 hours for a regular check up. Purchasing power is much higher so although the number in your salary statement is lower, you can live like a king (compared to having 8 roommates and still paying 2000 a month for rent in Silicon Valley)
Do I need to speak German to work in Germany ? :)
Not if you work in tech / as an engineer :)
Totally. Europe is great. You get a lot more services for your tax dollar there. You’ll notice the benefit more if you have a family. Infrastructure is world class. Culture is amazing. So much history, cuisine, and travel at your fingertips. Taxes are similar to living in Cali, and wages are lower. COL is less. But the net is not that bad. Of course the high TC of the states is always there if you want to come back. I’ve considered moving there many times, but we’ve settled with the family spending the summers there when the kids are out of school.
Limited spots for non-local language speakers. I try to find pmm, bizops, limited positions. But I will keep an eye on them
I am a MBA student in Europe now and evaluating which office to apply to. Sounds like it is not bad in Euope.
It's pretty bad. Try to find something in the US. The guaranteed middle-class retirement is tempting, but think about how much more you can potentially achieve doing same work in the US.
Asian here. No work authorization. So no chance ;(
How does retirement work if you are US citizen but work in Europe?
You're all talking as if Europe is one country. It's not. Some countries are very expensive (Swiss, Norway). Some have more tech than you think (Ireland, Poland). Some speak English (England...). Some have world-class metropolines (France, Germany, Italy) etc. Most global tech companies have offices in Europe, and there are concentrations. You might not make as much as in bay area, but ask yourself: for what are you chasing those high salaries? If you can get that with a lower pay, does it matter?
Switzerland is a good place with higher salary more that US
Not really. Google pays good money close to US. But the rest of tech and IT not so much.
Swiss has a quota for foreign visa and usually by company. Can try though
Rather than moving to Europe, I will move back to India, cheap labour for everything. Cook, domestic help, driver etc.
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Yes because they don’t have to save as much. They don’t have as much out of pocket costs for healthcare, retirement or education. I have a few friends who have worked in Europe and crunched the numbers. They pay more in taxes but less to random corporations.
This. A top flight dev in London can make 200-300k, if you live 45 minutes away by train you can have a nice sized house for about 500k (detached, 4-5 bedrooms) and commute is £8k per year
Tax rate isn’t that different for the rich; it is significantly higher in Europe for the middle class (US middle class pays roughly zero in income taxes).