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Engineers in europe are underpaid everywhere. You cant have a social democracy without squeezing everyone around you out of every penny.
by theredbox 8y ago
Engineers in europe are underpaid everywhere. You cant have a social democracy without squeezing everyone around you out of every penny.
- bauerd 8y agoUnderpaid in relation to what? The bay area?
- theredbox 8y agoIn relation to the rest of the world.
- gaius 8y agoUnderpaid relative to other professions. Lawyers, accountants, doctors, MBAs, etc etc. Even civil servants once the final salary pensions are factored in. Low pay, low prestige (if that matters to you), low job security, relative to others at a similar level of education, responsibility, etc.
- freyir 8y ago> "Lawyers, accountants, doctors, MBAs ... Low pay, low prestige" But that's true almost everywhere. In the U.S. it's true everywhere outside of the Bay Area, and perhaps Seattle. I love Boston, for example, but the city is chock full of bankers, lawyers, management consultants, and doctors whose incomes often dwarf those of engineers. And they're much higher on the social ladder. You're priced out of the most desirable neighborhoods in the city, and if you're single, dating is tougher. Obviously, it's not the end of the world. 99% of people don't make as much as investment bankers or white-shoe lawyers, and life goes on. But I think it explains in part why engineers are drawn to the Bay Area. The sky-high cost-of-living may make it a break-even proposition, but the bit of prestige engineers get there is a selling point.
- kochthesecond 8y agoI believe it is better to say their purchasing power compared to an unskilled worker, is much, much weaker compared to a lot of other places. I dont make that much less than an american engineer with my experience, but 40% is washed away in taxes. Also, I generally work 0 overtime 37,5H weeks.