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by dgellow 15 days ago
> A lot of "I've discovered a better way of life abroad" stories seem to quietly assume continued access to US wages, US assets, US equity compensation, or US retirement savings.

What’s the issue with that? You obviously have lower income in the rest of the world, the US is literally the wealthiest country. If you can benefit from US income and live in places that suits you better it’s clearly a pretty good situation.

If you instead get a local wage you will still be in a good position, people leaving the US are generally with college education and high income. Maybe less wealthy but that’s ok, you don’t have to literally have the highest income in the world to be good.

2 comments

I believe GP’s point was that folks conflate being in the upper wealth class of a region with that region being inherently better for the locals.
I remember in 2012 or so I did a baseline comparison of a typical Starbucks employee in Montana versus a Silicon Valley software engineer and the cruel reality was that even thought he software engineer was making a lot more in their salary they were wildly more poor than the Starbucks employee.

at the time ( this has changed ) the Starbucks employee could own a home and put into that equity. so lower cost of living and ability to save towards equity massively overwhelmed any perceived value of a 'high salary'. Throw in the cost of living in the Bay Area and the reality was the software engineers were barely subsisting while the barista was actually building a life for themselves.

essentially. even inside the continental US.... the cost of living and cost of equity, tax structures, etc all matter a great deal. That doesn't change leaving the US. In fact it largely just gets more complicated.

but you can ABSOLUTELY make a whole lot less in a region where you will live better and make more money Long term.