5 ms·
I am less concerned with the taxes, and more concerned that Amazon/Google/etc happily pay ten times that salary. It's literally an order of magnitude difference
by meekrohprocess 6y ago
I am less concerned with the taxes, and more concerned that Amazon/Google/etc happily pay ten times that salary. It's literally an order of magnitude difference, and contracting hourly rates seems like a similar story.
I would happily pay 3-5x the taxes for a similar salary to emigrate, but if you offer me 1/10 the pay? That's tough. It makes me feel like there isn't a big market for my services across the pond.
It's a shame, because I love tech and I lean heavily left. But this has been the case for at least the past decade, and it shows no sign of stopping.
- outworlder 6y ago> I would happily pay 3-5x the taxes for a similar salary to emigrate, but if you offer me 1/10 the pay? Are you calculating the cost of living?
- meekrohprocess 6y agoYes, it's mostly about purchasing power. Rent/property tax/insurance is expensive, but everything else is cheap and there's no VAT. Some states don't even have income taxes. We have insanely painful income inequality, but as shameful as it is, you can usually clear the hurdle prices with a 6-figure income. I'm not an aristocrat and I oscillate between working hard and going off into nature for random periods of time, so I'd sure like to live somewhere with a stable safety net. But for now, the US seems cheaper even with its ridiculous baseline CoL expenses. I can buy vehicles on a whim and mess with them and bum around for years on 5-10hr/week gigs even after $Nk monthly expenses, which would be difficult in the EU. And if you can pay the exorbitant health insurance rates, the medical care is actually quite good. I do feel bad sometimes, but it's not exactly easy to change your citizenship, and the whole political situation sure isn't my fault.
- barrenko 6y agoIt's mostly an mentality / personality thing. To some the European way of "things" are a bit insulting, others like having the corall / safety net. I'm in your camp.
- ashtonkem 6y agoTake home alone is a meaningless number if you don't compare it against cost of living. This is a bit like asking "how much to fill up your car" without asking how big of a gas tank it has first.
- yason 6y agoYou don't necessarily want to use that angle on Finland... the gas tank is pretty large and gas is highly taxed, both figuratively and literally. In addition to the relatively small salaries, the cost of living is pretty high in the capital area. If you do move to some of the smaller cities your price-to-value ratio for living will go up way faster than trying to reach the same ratio by instead hunting for a larger salary around Helsinki. But even then there's the purchasing power which is also relatively low everywhere. It depends on what you spend your money on, of course, but generally unless all you buy is telecommunication services everything feels pretty expensive. Moreover, the price difference to nearby countries and to the rest of the Europe is often so much higher that even if I'd very much like to support local Finnish business often there's just no way I'm going to justify that to my wallet.
- exDM69 6y ago> You don't necessarily want to use that angle on Finland... the gas tank is pretty large and gas is highly taxed, both figuratively and literally. While the cost of car ownership and general cost of living is high, I'd like to point out that you don't necessarily need a car if you live and work in Helsinki. Or at least you don't need two cars in the household. A bicycle is a perfectly viable option for transport for about 8 months of the year, or at least 6 if you're afraid of the weather (or can't change clothes at work). The bike paths are excellent and safe and if your route involves going through the city center, it's by far the fastest mode of transport (you can average 20km/h easily, can't match this by car or bus in the city). Bicycling may not be quite as good as continental Europe, but it's pretty good and the city is small enough to go everywhere by bike. The rest of the year can be covered by public transport, which is very reliable. Unfortunately COVID has hit the public transport in many levels, but hopefully that situation will get better. On the other hand, it did bring grocery delivery everywhere so that negates another need for a car.
- Pandabob 6y agoWhile most salaries fall into the aforementioned ranged, I'd point out that software companies in Finland with "scalable" business models, do have pay more inline with big tech companies. Obviously there aren't many of these jobs but I'd point to gaming companies like Supercell and Seriously.
- meekrohprocess 6y agoThere are certainly exceptions, and I have a lot of respect for successful EU tech companies! But I really dislike rat-races, so I tend to avoid areas with loads of competition. The US tech market is like a bottomless money pool, and it's hard to justify putting a lot of effort into moving somewhere that would tie you to a few well-paying employers. I like working on and learning about things that benefit the people around me! But I also like relaxing and not starving. C'est la vie: it's not perfect.
- Pandabob 6y agoCan't argue with this. We've got a small market and few companies with internet based business models.
- Laakeri 6y agoYeah, many people from Helsinki who are good enough to get a job at Amazon/Google/etc are actually moving abroad to work for them, so it doesn't make sense to move to Helsinki if you could get a job like that. Though there are some good cities in Europe with tech giants and their good pay, for example London and Zurich.
- mehukatti 6y agoGoogle, Amazon and Microsoft all have offices in Helsinki and are hiring a lot for their cloud businesses. For example we here at AWS consistently have ~10-20 positions open in our new Helsinki downtown office.
- Laakeri 6y agoOh, that's nice, I didn't know that! How big is your office? What I know is that Google does not hire software engineers in Helsinki. They have a small office, but it is only for sales people. Edit: Also by https://www.amazon.jobs/en/location/helsinki-finland https://www.amazon.jobs/en/location/helsinki-finland it seems that Amazon is not hiring in Helsinki. (If you actually are, maybe you should update the page?)
- mehukatti 6y agoGrowing fast into high double digit headcount. But we neither have software engineers in Helsinki - just Account Managers, TAMs, Solutions Architects, etc. AFAIK the closest location for SDEs is Berlin. Anyhow, thanks for noting the problem on that page, just created an internal ticket to get that fixed!
- _RPL5_ 6y agoYou are getting a lot of critical responses, and I hate to dog pile, but: >Amazon/Google/etc happily pay ten times that salary In the thread, they say Helsinki juniors start out at ~$3k/mo after taxes. In the Bay Area, let's say you are a junior at a FAANG and are getting $150k/year. This works out to $8k/mo after taxes. So the difference between a FAANG and Helsinki is more like 3x. Maybe, 4X if you account for bonuses/options. But it's not 10x. Obviously, 3-4X is still a lot. If it's a choice between Helsinki and SF, SF wins hands down. Problem is that most of the engineers working in the US are not working for a FAANG company in the Bay Area. If you look at what engineers are getting paid in places like Houston or Atlanta, you will find that juniors start at $60k/year, which is $4k/mo after taxes. That's very close to the reported $3k/mo rate for Helsinki. There is this weird trend I noticed on HN. Whenever the subject of money comes up, people start casually quoting Bay Area numbers like they are representative of the industry as a whole. I don't think they are.
- vecinu 6y agoKeep in mind though that after a couple of years at a FAANG company, your pay scales much quicker than it would elsewhere. That junior earning $150k/yr total comp is closer to $300k in a few short years. At that point you're getting awfully close to the OP's 10x claim (Before taxes) but of course you don't subsidized healthcare, a useable pension, decent government services, clean/safe streets, etc... After living in the Bay Area for a decade, I would pick Helsinki over any city in the Bay. Fool me once shame on me... fool me twice, well you can't fool me again :-)
- deleted 6y ago[deleted]
- hopia 6y agoThis is a good exercise to make a rough comparison like ths. However, actually a junior would make something like ~3k€ before taxes in Helsinki, not after taxes. The taxes are (very) progressive, at that income level it's something like 27% in Finland.
- pietrovismara 6y ago
- sampo 6y ago> I am less concerned with the taxes, and more concerned that Amazon/Google/etc happily pay ten times that salary. 6k€/month is $86k a year. Ten times that is $860k a year, almost 1 million a year. How many years do you need to work to get to that level of salary?