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I agree about the pay and the hardship in attracting talent, to a degree. These are good points and a definite problem in the EU. However, excluding London (wh
by orf 9y ago
I agree about the pay and the hardship in attracting talent, to a degree. These are good points and a definite problem in the EU.
However, excluding London (which is a bubble in itself), the CoL at all major tech hubs (and all cities) in Europe is much less than SV. Check out some of the comments here for anecdotal evidence, or just compare the cost of housing online, in Berlin for example (one of the most expensive cities).
Taxes are higher, but perhaps it's an American thing to see taxes as the root of all evil. You get a lot for your taxes.
Can you elaborate on why accumulating wealth is nearly impossible? Do you mean just saving money?
- dogma1138 9y agoCoL shouldn't be completely detached from your income a better metric would be your relative purchasing power which is going to be higher in SV. After 10-15 years in SV it's not unheard off to accumulate wealth well north of 500K$, many people I know in the US I know have accumulated about 1M in total assets in the past 10 years or so. Compared that to Europe and it's a completely different picture.