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> Bangalore that are getting paid peanuts because they can be exploited Um, that's not what is happening. I can't vouch specifically for Bangalore, but if you
by sbacic 6y ago
> Bangalore that are getting paid peanuts because they can be exploited
Um, that's not what is happening. I can't vouch specifically for Bangalore, but if you can work fully remotely, the savings in taxes and COL are ridiculous - so much, in fact, that it doesn't make /financial/ sense to move to a high COL for anything less than FAANG salaries (and even then, it depends on what you want out of life).
I'm talking about €300-500/day income.
If I were to be optimistic, I'd say that Facebook's employees won't even feel the reduced salary - but SF government and landlords certainly will.
- UncleMeat 6y agoSure. But you'd be able to take home even more money if they were paying SF salaries. It is a fine arrangement as it stands but the big companies are extracting a greater percentage of your labor since they can afford to pay you less and you will accept less.
- sbacic 6y agoIn principle, yes. But things are not always so clear cut. In certain European countries, there is a special tax regime that lets you pay very little tax as long as you stay under a specified limit (the highest is, AFAIK, €100k/year and 15% tax). In such a scenario, you're better off trading a lower salary for more free time (if possible, of course) as a large portion of a higher salary would be eaten up by higher taxes and/or COL (if you had to be relocate). In essence, you're making less in absolute values but you're /much/ better off in relative terms (say, per hour).