[Vibgyor5]

Strong disagree with that one and this is a fairly unambitious take. Most companies and employees themselves in the EU buy their own kool-aid of "yeah we are ok with getting paid $40k because we got health insurance" (which does not work as efficiently in practice as one would like).

EU - esp. Germany and some other European countries - have abysmal salary compared to rest of the developed world and a poor wage growth over the last 10 years or so.

Heck, even countries like India have experienced faster growth: netto, a senior tech professional in India can earn more than what what they'd get in Germany. And that's not even accounting for 3-5x difference in cost of living.