[throwaway4585]

Oh, then if you're counting industry PhDs I'm not sure how your argument about Americans getting a premium is that well-founded. The US (like many Western countries, but to an even greater extent) has a very strong NIH syndrome, and Europeans themselves are often taught endlessly to sell themselves because they're not assertive enough in their presentations, CVs, SOPs, what have you.

And of course there's the matter that most wages in Europe in the qualified labor force are way lower in general than their American counterparts. I've always thought it was more or less due to research being underprioritized in Europe but maybe that's about to change in the light of current events ;-)