7 ms·
I would be more interested in data that shows how much money an engineer takes back home (net income) compared to the rest of the world. eg Software Engineer
by eulji 11y ago
I would be more interested in data that shows how much money an engineer takes back home (net income) compared to the rest of the world.
eg
Software Engineer from Atlantis earns 100 000 USD but pays 55% of tax so takes home only 45000
Software Engineer from Middle-Earth earns 60 000 USD but pays 10% tax and takes home 54000
etc
- aioprisan 11y agoYou also have to take into account things like quality of life in the city vs a long commute if living in the suburb.
- sliverstorm 11y agoYou're not wrong, but tax is certainly one of the easier first steps as part of trying to compare salaries.
- Tloewald 11y agoRight, but easier doesn't mean useful. E.g. One of the easiest steps in comparing salaries across countries is exchange rate, but it's not nearly as useful as a list of local prices for commonly needed stuff. E.g. In Singapore when I last visited (quite a while back) car registration cost about $30,000 per year.
- eulji 11y agoRight. But a country as a whole is what I am interested in. I mean iphone costs about the same anywhere in the world ( okay it's sometimes more usually not less (Brazil?)) so there's that...
- sjwright 11y agoiPhone-like items are a very small part of anyone's annual budget. What matters are housing costs, transport costs, healthcare costs and quality of life. All of which are highly variable depending on location.
- totalrobe 11y agoThe iPhone itself may be a small part (depending on your budget) but wireless plan costs also vary widely. I know that UK/EU plans are substantially cheaper than the US where many pay $150+ per month for a couple lines.
- chatmasta 11y agoWireless prices in the USA are higher than any other country I've been to, developed or not. Nevermind the absurd contracts. In Taiwan, for example, I got a 3G phone plan for $40 month-to-month, unlimited data, and consistently ~20mbps download speeds. In developing countries like Thailand or Central America, I can get a 3G card for 60 days and 1-2GB for less than $10. Speeds obviously aren't as good as Taiwan, but the basic access to Internet is way cheaper.
- JayJee 11y agoLOL come to Canada. Our wireless prices are 4x worse than USA
- raimue 11y agoI don't think electronic gadgets are a good item for this comparison. You might want to take a look at the Big Mac Index, which tries to give some measurement of how much your money is worth in another currency or country.
- maccard 11y agoYou can't do that really. Taking the UK, the cost of living in London is absolutely incomparable to say, Sheffield.[0] [0]http://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+Kingdom&country2=United+Kingdom&city1=Sheffield&city2=London&tracking=getDispatchComparison http://www.numbeo.com/cost-of-living/compare_cities.jsp?coun...
- tamana 11y agoAnd things like quality of life in the suburb vs the polluted air and noisy bright nights if living in the city.
- stepny 11y agoWe're not quite there yet with the data we have :). Anecdotally though, it seems like companies in Europe pay less and take out more taxes.
- dogma1138 11y agoYep cut the compensation by about 50% and increase the taxation by 50% :)
- Swinx43 11y agoYes that definitely sounds about right. :)
- jahnu 11y agoYeah but healthcare education and pensions ;) That tax is buying us stuff.
- golergka 11y agoIneffectively and for core vote base, not you. This is an old debate.
- jahnu 11y agoRegardless of what one thinks of the tax it's clear one can't compare salaries after taxation. Fact is I don't spend anything on healthcare. In the US I would need insurance. I don't save for my kids university education because it will be free. In the US I would have to. Comparing pre tax income is more useful, by and large.
- dogma1138 11y agoInsurance in the us is also cheaper in paying 2300 a year for private insurance (AXA) so I won't have to deal with the NHS on every silly issue.
- Tloewald 11y agoIt's very hard to make these kinds of comparison (take a look at the Economist's Big Mac index which attempts to illustrate relative buying power in different places). Similarly income tax may be low (e.g. Texas) but property taxes, sales tax, and tolls may be high (e.g. Texas) and social services may suck (e.g. Texas). There are some cost of living calculators around which try to calculate equivalent salaries around the US but they have not been more accurate than guesswork in my experience.
- wesd 11y agoIt's will be almost impossible to compare at that level since there are so many contributing factors that affects much one gets taxed. How much does the employee contribute to 401K, does he have dependents, medical claims?