I don’t understand macroeconomics or monetary policy. I think its confusing how exchange rates are settled upon. Basically eli5 why software engineering salaries wont reach a global equilibrium?
I’ve heard the arguments about how difficult it is to work across timezones, but I have to imagine a talented Vietnamese (just picked random emerging economy) developer would surely work graveyard shifts for 1/3 of my salary.
I’ve heard the explanations about how terrible things went when companies tried to outsource to India in the last few decades. I think telecommunication software is so much better now that a lot of that is mitigated.
Even Europeans get paid a pittance. Just can’t make sense of it. I understand that it takes longer to learn our skills than factory workers, but whats to stop the same phenomenon from happening as education opportunities in developing countries approach (and in some ways surpass) the US?
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Travel
Health Care & Insurance
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
Non software example is the making of Aliens (1986). The UK staff walked out on James Cameron because they couldn't get tea time or some shit.
Companies aren't paying top dollar salaries in HCOL areas because the location is fun and the soil is fertile. Instead top talent centralize to the cities where other top talent go, and companies pay competitive rates for that talent wherever they are.
When you talk about Europe salaries being a fraction of top US: well there's a reason for that too - WLB. People in Europe refuse to work shitty WLB levels that people in the US tolerate. No right or wrong, just different cultural values. If a US based employee is working 80-100 hours per week with high expectations and pressure, they probably deliver productivity more than a European counterpart working 35 hours per week at a more relaxed European pressure level. I'm not saying those people couldn't do the same job - they may have that ability - I am just saying that as a matter of fact they are not doing the same job and generating the same productivity, so of course the pay is wildly different.