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You say that, but between federal, state and city income tax in NYC I was paying a higher rate there than when I lived in London. The reason is that you’re com
by hiharryhere 6y ago
You say that, but between federal, state and city income tax in NYC I was paying a higher rate there than when I lived in London.
The reason is that you’re competing in a much more varied market with less silly money splashing about. Cost of living in London is high, but you’re competing for jobs with competent teams in Eastern Europe. That coupled with fewer VCs funding “Uber for cats” ideas, there’s just not the appetite for paying devs US level salaries.
- redis_mlc 6y ago1) Canada also has lower income taxes than the US when doing an itemized return. 2) But Canadian tech salaries are like the EU, in that they're unbelievably low compared to the US. The US TN visa is known as the easiest work visa, so Canadians can work in the US easily on a temp work visa. 3) Part of the reason that SV pays so high for devs is that the interview process filters out 99.9% of candidates, so it takes 6 months to hire anybody in SF. It's partly because the coding interview has escalated from whiteboard to electronic with tests (2018) to electronic with advanced algorithms with tests (2020). Am seeing electronic tests with questions in 4 languages(!) with tests now (late 2020.)
- barry-cotter 6y ago> That coupled with fewer VCs funding “Uber for cats” ideas, there’s just not the appetite for paying devs US level salaries. That’s not why the salaries are so much lower. European companies are less profitable so they don’t bid up the wages of developers as much. The more money a company makes the more a productive member of staff is worth to them, so they are more willing to pay it. That drags up the market rate because everyone has to compete with the highest payers for the best devs.