Honest question: what is/are the reason(s) in your opinion why Google US pays much more than Google UK? Just an example of course. Take Flipkart or Ola or any example where HQ is outside the US. A recent post mentioned top salary for Spotify was around USD 100k. Naively I would expect that after taxes and cost of living every top company around the world would pay the same salary. But even inside the same company compensation net of tax vary widely. Why?
Cost of labor, that's it.
Market supply and demand. Period.
Dean and supply, simple as that. And the imbalance exists between countries because 1. there no totally free movement of labor, 2. it's hard to get people to move, 3. hubs benefit from exchange of ideas, and partial lack of 1 and 2. You can extend the above to differences between cities or countries.
I've given this a lot of thought, because in my field people with 4 years exp earn ~450 on Bay area, ~250 NYC, and presumably even less in London. I think it's roughly the following a) Assembling a new startup with VC funding and experienced staff in diverse areas of expertise is much easier in some places than others, particularly the bay area. b) There are huge advantages to in house rather than remote workers. c) Movement of labor is highly constrained. The result of (a) is that demand is highly concentrated, while (b,c) means that supply does not adjust to match demand. Side note: some people say (a) is entirely due to VC, but I think tech companies are odd beasts and there's just a critical mass of experienced tech managers in the bay area. In other metros you get a lot of companies run by ex consultants or operations experts who are not well adjusted to creating a climate of innovation, or engineers who are strong on tech but naive to the managerial challenges.
TC is competitive with Netflix/FB/etc⌠depends what you do of course
Thank you all for interesting opinions So would you say (since both sell worldwide): (A) Spotify is better off than Netflix for being based in Sweden due to: - cheaper cost of talent due to limited labor movement (B) Netflix is better off for being in the US due to: - much bigger pool talent (better talent) (C) a different opinion I chose Spotify and Netflix as relatively comparable
When me and my wife were making together around 90kEUR gross in Paris we felt we were rich. We were putting money on the saving account every month. Now only of living expenses in Bay Area we see around $12k a month leaving our checking account. And Paris is a very expensive place in Europe
Thank you This is very interesting How much were you saving in France per month? How much now? To me it boils down to that. Happy to hear different opinions. Do you both work in tech?
We saved a little less than 100k in 5 years. She cannot do her job here, now it's only me bringing money home. I don't know how much we are saving now. Between tax returns, job changes, RSU, mortgage it's a fucking mystery... I don't even know if am in the red. Probably net worth goes up, by cash flow might be negative
The same thing to other types of workers. It shocks me when American says "high paying manufacture jobs". Those aren't high paying at all worldwide.
Many factors. Most notably, country's economy, cost of living, investment on the field, competition and supply-demand for jobs on that field