4 ms·
But minimum wage is just 9 Euros or something. Even student software developers get more. So this cannot possibly be a serious limit. Likewise, insurances etc.
by quonn 7y ago
But minimum wage is just 9 Euros or something. Even student software developers get more. So this cannot possibly be a serious limit. Likewise, insurances etc. are 0.15% of the salary. Hardly an issue. And because the employees need to pay less themselves the salary can be lower. And in Europe it‘s lower anyway.
There ate different reasons, like risk taking, culture and the availability of venture capital.
- sokoloff 7y ago> Likewise, insurances etc. are 0.15% of the salary. If I pay someone €5000/month, I only have to pay an additional €7.50 in insurances? I agree that would not be an issue, but that doesn't sound right.
- AdrianB1 7y agoChecking my payslip, health insurance is 10% of gross and pension is 25%. If you want to pay someone €5000/month you spend about €10,000/month in my country (there is also a 10% income tax and other smaller taxes).
- quonn 7y agoSure, if you‘re looking at the net salary. But most countries have significant income tax, including most states in the US.
- quonn 7y agoI meant 15%. Sorry about that.