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It just doesn't work like that in the UK, even FAANG pay peanuts because they can get away with it.

[cimmanom]

But why can they get away with it? Is there a glut of talent? Or a market full of developers who have zero interest in making more than $100k?

[mpeg]

There's just no other options; it's still one of the best markets in the EU and going to the US is impossible for most developers so they have to accept the lower salaries.

[cimmanom]

You would think that some startup in NYC would decide to start hiring in London, then. Instead of struggling to recruit senior developers with a middle of the pack NYC salary at $125–150k, they could offer the same salary in the UK and be standouts in the market.