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I agree that salaries for college-educated people are shockingly low in Spain, I think it is a reflection of the lower general (not necessarily individual) prod
by jazzyk 8y ago
I agree that salaries for college-educated people are shockingly low in Spain, I think it is a reflection of the lower general (not necessarily individual) productivity in Spain - as in bureaucracy, labor laws, etc.
Please keep in mind that MANY college-educated people in the US never get to even $100K (teachers, architects, there are more).
Also, it takes at least 10 years (perhaps more) to get to $150K for software engineers (with a B.S. degree), and you need to live in one of the bigger cities (where the cost of living is higher).
The numbers are a bit skewed here because a lot of the posters on HN live/work in the S.F./Silicon Valley area, which is a world onto itself.
- arcturus17 8y agoI also forgot to mention that under-25 unemployment in Spain is around 35%-40%, with general unemployment rates at 16%. Other than not being burdened by debt, Spanish STEM majors are comparatively worse off in pretty much any post-graduation dimension you can think of compared to Americans.