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by hn_throwaway_99
999 days ago
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This seems like such a common problem where I wonder if there is anything that can be done to break this cycle. For an equivalent comparison, on this side of the pond tech salaries in Canada are abysmal compared to US salaries (at least from what I hear). And it's not like Canada is a ton cheaper (their real estate affordability crisis makes even places like California look a bit tame). But then I often here how policymakers in Canada wish there were "more tech" north of the border how they put in place programs to attract tech talent to the country. Of course, those programs are usually completely useless when engineers can double their salary coming to the US. But a big part of the issue is that companies simply couldn't afford to double their salaries because they aren't as profitable as US tech giants (and not even FAANGs, but just other mid-tier tech companies as well). But it's going to be hard to build top tier tech companies if you can't attract top tier tech talent, so the cycle spirals. I'm curious what tech salaries are like in bonafide EU tech standouts like Spotify. |
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Usual mid-high end of Swedish tech salaries in Sweden. Not sure about the USA.
> But a big part of the issue is that companies simply couldn't afford to double their salaries because they aren't as profitable as US tech giants
I don't understand why there's always a comparison to US's salaries, the US is the outlier in every discussion about labour and salaries, almost nowhere else in the world (maybe except for Switzerland and similar countries) pays such high salaries, the rest of the world won't pay as much as the USA, it's a fact, I'd prefer to stop comparing everywhere else to that outlier, it won't be the rule.
It's the top benchmark and it has a huge cost in terms of quality of life for a chunk of the population, the USA is a business-first, citizenry-after kind of society, I don't feel it's a way of being that other countries should emulate. At least after living there for a while I never really felt that it was so rich, it has loads of rich people with shiny toys but society in general feels poor: infrastructure sucks (passing by any airport in the USA is a trip back to the 80s/90s), stuck with the car-centric mentality from the 50s, a very palpable huge divide between rich and poor, etc.
The USA has amazing businesses, and makes a lot of money, but I don't think it trickles down into society; given how rich the country is in nominal terms I'm always surprised whenever I pass by and realise that wealth is not translated into a better general quality of life for most citizens, it's just that people can afford to buy more trinkets...