5 ms·

such that London software engineering salaries will no longer be comparably pitiful to America's?

branchless 10y ago
Take housing costs into account in London and many places are better: http://i.imgur.com/mNsk5oD.jpg http://i.imgur.com/mNsk5oD.jpg
- fastball 10y ago
  That's what happens when you let your city become an investment vehicle.
  - cletus 10y ago
    The problem with London is not property investment per se. It's that property is essentially used for money laundering [1]. If you're a US tax resident or citizen then you're used to filling out onerous reporting documents (FBAR and possibly 8938 as well) on foreign assets. Real estate holdings has zero reporting requirements. [1] http://www.independent.co.uk/news/business/news/london-property-market-real-estate-money-laundering-overseas-foreign-buyers-mps-a7138176.html http://www.independent.co.uk/news/business/news/london-prope...
    - elastic_church 10y ago
      Same in the US. The real estate industry lobbied for an exemption from AML/KYC reporting requirements. If you don't need a mortgage, then you show up with a cashier's check or briefcase full of cash, sign papers in the name of an LLC or Limited Company and now you have a house in the anonymous shell companies' name and clean money.
    - branchless 10y ago
      You get it. And yes: property speculation is not an investment. The UK allows washing through land only.
cletus 10y ago
Upvote. Not sure why you're getting downvoted because you are correct: London salaries are pitiful even before you factor in the enormous cost of living there (I lived and worked in London for 4 years but did contracting as the salaries even 10+ years ago were and are a joke comparatively). It's one reason I and many others work in the US instead. No idea what Brexit will do to relative incomes. It depends on what happens with the pound, what the visa situation looks like and so on.
- elastic_church 10y ago
  Simply put, I would not code for other people at the salaries that Romanians accept.
  - kodfodrasz 10y ago
    This basically means you would not code for other people only at a pay lower than what a Romanian would accept, as if a Romanian would accept a pay of X, that also means he/she would accept a pay of X+ε, for all wages from X to ∞. This makes you a pretty cheap labour, and if your hate against Romanian people can somehow be turned to motivation, probably a very productive one! If you are formulating hatespeach against Eastern-Europeans, please be precise!
    - elastic_church 10y ago
      How did you extrapolate low wages to hatespeech against Eastern-Europeans? This presupposes quite a lot and suggests a lot more about you. I made a pretty specific and narrowly tailored statement. Your postulate primarily neglects reality.
      - wtfishackernews 10y ago
        You implied that Romanians are beneath you.
        kodfodrasz 10y ago
untog 10y ago
That's the optimistic view. The pessimistic view is that a lot of multinational companies will leave London, driving down demand for developers (and, well, everyone else)

Take housing costs into account in London and many places are better: http://i.imgur.com/mNsk5oD.jpg http://i.imgur.com/mNsk5oD.jpg

fastball 10y ago
That's what happens when you let your city become an investment vehicle.
- cletus 10y ago
  The problem with London is not property investment per se. It's that property is essentially used for money laundering [1]. If you're a US tax resident or citizen then you're used to filling out onerous reporting documents (FBAR and possibly 8938 as well) on foreign assets. Real estate holdings has zero reporting requirements. [1] http://www.independent.co.uk/news/business/news/london-property-market-real-estate-money-laundering-overseas-foreign-buyers-mps-a7138176.html http://www.independent.co.uk/news/business/news/london-prope...
  - elastic_church 10y ago
    Same in the US. The real estate industry lobbied for an exemption from AML/KYC reporting requirements. If you don't need a mortgage, then you show up with a cashier's check or briefcase full of cash, sign papers in the name of an LLC or Limited Company and now you have a house in the anonymous shell companies' name and clean money.
  - branchless 10y ago
    You get it. And yes: property speculation is not an investment. The UK allows washing through land only.

cletus 10y ago

Upvote. Not sure why you're getting downvoted because you are correct: London salaries are pitiful even before you factor in the enormous cost of living there (I lived and worked in London for 4 years but did contracting as the salaries even 10+ years ago were and are a joke comparatively). It's one reason I and many others work in the US instead. No idea what Brexit will do to relative incomes. It depends on what happens with the pound, what the visa situation looks like and so on.

elastic_church 10y ago
Simply put, I would not code for other people at the salaries that Romanians accept.
- kodfodrasz 10y ago
  This basically means you would not code for other people only at a pay lower than what a Romanian would accept, as if a Romanian would accept a pay of X, that also means he/she would accept a pay of X+ε, for all wages from X to ∞. This makes you a pretty cheap labour, and if your hate against Romanian people can somehow be turned to motivation, probably a very productive one! If you are formulating hatespeach against Eastern-Europeans, please be precise!
  - elastic_church 10y ago
    How did you extrapolate low wages to hatespeech against Eastern-Europeans? This presupposes quite a lot and suggests a lot more about you. I made a pretty specific and narrowly tailored statement. Your postulate primarily neglects reality.
    - wtfishackernews 10y ago
      You implied that Romanians are beneath you.
      - kodfodrasz 10y ago

untog 10y ago

That's the optimistic view. The pessimistic view is that a lot of multinational companies will leave London, driving down demand for developers (and, well, everyone else)