FAANG stock price increases and the California startup bubble have increased money availability to the US software industry and massively inflated what coders c

FAANG stock price increases and the California startup bubble have increased money availability to the US software industry and massively inflated what coders cam earn there over the last 15 years. Eventually this has translated in raises across the US as other companies lost their best coders to FAANG (and MS and unicorns that pay six digits). Europe remains fairly isolated from this effect because (a) not enough EU coders want to move to the US even at triple the salary to cause a shortage of coders there and (b) FAANG and US firms can get away with paying less in Europe because remote work is not yet quite equivalent to being on-prem in the US...