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From what I've seen 12 months pay in Germany is probably equivalent to 3.5 months pay in the US.
by RhodesianHunter 6y ago
From what I've seen 12 months pay in Germany is probably equivalent to 3.5 months pay in the US.
- sverhagen 6y agoWhat does that even mean? Are you talking about buying power? How much you lose on taxes? You make it sound like Germany is a low wage country. Their minimum wage is around 9 euros, versus 7 dollars in the US, no?
- deaddodo 6y agoThe Federal minimum wage is a useless metric. California's minimum wage is $12 (and higher, in some counties) and is set to increase to $15/hr by 2022 (assuming COVID doesn't have some major echoing effects). Also, they're referring to white collar tech employees. All salaried, all well above minimum wage and most definitively the highest paid (in that industry) in the world, including outside of SF/the Bay.
- virtualritz 6y agoPardon my frankness but that's BS. What are you referring to here? How much money buys you? Aka: costs of living? How much you make, converting EUR to USD? What industry? IT? I worked in a leadership position at a multi-national in Berlin for almost five years. I know the salaries the engineers had in CA & Chicago vs Germany. US was maybe 20% more max. In terms of what it buys you ... not so much. See below. Cost of living in Munich (one of Germany's most expensive cities) vs. SF.[1] And then Berlin (one of Germany's cheapest cities) vs. SF.[2] [1] https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Germany&city1=Munich&country2=United+States&city2=San+Francisco%2C+CA https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou... [2] https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Germany&city1=Berlin&country2=United+States&city2=San+Francisco%2C+CA https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou...
- RHSeeger 6y agoI assumed what was meant was how generous it was compared to a normal severance package in the country. Ie, if a normal package would be 2 months in the US and this is 3.5, then saying it's like a 12 month package in Germany implies that a normal German package would be just under 7 months.
- eanzenberg 6y agoIt’s worth making 4x in the states and paying less taxes to boot. Forget cost of living, only rent is more expensive so tack on an extra $2k a month if you don’t want to live with roommates.
- concerned_user 6y agoWhile you are young and healthy sure, but if something happens to you or when you get older, not so much.
- manigandham 6y agoWhy not? Can't you purchase the same insurance, protections and care with 4x earnings and lower taxes?
- LunaSea 6y agoWell for one you might but it will be incredibly expensive and probably still cover less than in the Netherlands. Also, the cost means that it is something you can only afford while you are still working. So if you do get hurt and can't work or get fired you lose that privilege. That is also a cost of opportunity that you lose by living in the US and that is not factored into the price of the insurance directly.
- eanzenberg 6y agoThis US healthcare meme is tiring and uninformed. A small minority have financial hardships due to medical emergencies here, and they for the most part aren’t poor, who get healthcare for free.
- bryanrasmussen 6y agogoogling Silicon Valley programmer wages I got https://www.glassdoor.com/Salaries/san-jose-computer-programmer-salary-SRCH_IL.0,8_IM761_KO9,28.htm https://www.glassdoor.com/Salaries/san-jose-computer-program... Which basically the average Silicon valley wage is the wage I am making now. However that is with quite a bit of seniority, I've noticed offers from Germany are generally lower than what I make but Germany costs less. If I were starting out right now I would probably make 60% of what I make now. My guesstimate of the difference has always been that a years pay in Denmark was equivalent to 8 months pay in the better paid parts of the U.S.
- john117 6y agoThose wages are severely off. Glassdoor is no longer used in the United States to research wages for tech. An average engineer at a top tech company makes well over 250k USD per annum.
- danieldisu 6y agoIf you compare SF to any german city it may be that way, but the median salary (not only IT) is not that different(56k$ to 46k€ according to google). Remember that there are people outside IT/SV!
- RhodesianHunter 6y agoI can get a remote job working from anywhere in the US that pays me double what anyone will pay me in Germany (or anywhere else in the EU). I look frequently, because if the pay was equal (or even 3/4) I'd love to live in Europe.