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by NeverFade
1952 days ago
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> When I was living in Munich it baffled me how some companies there could get away with paying experienced people only 50k and still run a successful business and not have everyone straight-up walk away from them. I heard before that the European tech scene sucks, and my only advice is: relocate. Pay in Switzerland for example is more competitive. Incidentally, one reason I heard for low pay in Germany, specifically, is that it's very hard to fire people. |
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The main causes are: lack of VC funding, lack of innovative disruption and entrenchment of traditional businesses with old-fashioned boomer MBA mentality that consider tech as an expensive cost center and devs as replaceable factory floor cogs that should be offshored whenever possible, risk adverse investor mindsets, complex bureaucracy, fragmented market with various languages, laws and cultures that make scaling a product/service nearly impossible, a broken EU-grant funding system where the focus is producing documentation instead of successful products/services and an overabundance of low- to mid- level talent due to hype, free education and easy immigration.
Don't get me wrong, I'm not complaining about the pay in Europe, I'm complaining about the shitty SV practices that some entitled employers here adopt but without the compensation because "If Google does it then it must be good so we should do it too, who cares if we pay only 40k/year vs 200k+, we deserve only the best hoop-jumpers and nothing less."