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It also makes us Europeans feel underpaid :) I have 20 years of experience and don't even make six figures. $350000 base pay sounds like a different world.

SilverBirch 4y ago
My experience has been that there's this massive cliff - if you can get into a company that's got a strong US attitude towards Tech salaries you can 2-5x your salary. That basically means do the same job but work for either a FANG style company, or work in some parts of Finance (easy to do in London). Someone of my experience (10 years exp) working in an average software company in the UK is probably earning 50-70k. By moving into Finance I'm now doing the same job for closer to 400k,and I'm not paid incredibly well compared to my US counterparts. It's just absurd.
dqpb 4y ago
Why are European software engineers so underpaid?
- dathinab 4y ago
  E.g. in Germany the side costs are much higher then in the US. E.g. the cost of paying 80k€ salary is much more then 80k€ for the company. But in the end the main reason is SV/FAANG.
  - tjansen 4y ago
    All these costs are capped and not that important for higher salaries. Health insurance is only paid for the first 58k. The state pension, unemployment insurance etc do not increase for salaries over 85k. I would expect a good benefits package in the US to be more expensive for the employer than the mandatory costs for German insurances.
phendrenad2 4y ago
Warning: Every European who comes here feels extremely poor also (and many move back to Europe), so perhaps you should take that into consideration.
cakeplease 4y ago
These threads always make me sad. Even an entry-level position in the US makes more money than I do. There doesn't seem to be much competition here. I do get a lot of recruiting emails but most of them just ignore me after I mention my current salary. Granted, I am very fortunate to make 100000€ a year (mostly stock so varies a lot) Working remotely for a US company would be one option but there is a massive time zone difference. Also, the recruiting messages from US companies (e.g. Turing) seemed to treat Europeans as cheap labor who are not entitled to stock grants.
ryannevius 4y ago
Most tech workers in Europe _are_ underpaid (sample size: 1, me, an American living and working in the tech industry in Europe).
- andai 4y ago
  Do you mean that you are working for European companies and get paid more than your European colleagues?
baal80spam 4y ago
Exactly my thought when I read the title. I know the cost of living is higher in US but I'm always baffled by how much tech workers make on the other side of the pond. To me it sounds like a dream.
- twistedpair 4y ago
  I live in a major US housing market. I want to get a bigger house for my family. Realistically, we're talking $1.2M to do so. That feels so crazy, given I grew up in a $150K house. Suddenly you feel compelled to do whatever it takes to make $400K/yr so you can buy a 3 bedroom house.
- zeku 4y ago
  I have to post this every time we talk about salary and Europeans get in on the convo. This forum is absolutely DOMINATED by SF/LA/Seattle SWEs. Their cost of living is extremely high and their salaries are extremely high. The US is huge. I work in the Southeast. Where I'm working Junior SWEs start around 60k. Mid Level Start Around 75k. Senior start around 95k. Manager/Our new "Super Senior" level start around 120k. Our cost of living is still higher than yours. In my area a 3 bed/2 bath home with a small yard within 1 hour drive of my work costs 450k minimum and that would be a full hour out and the siding would be vinyl. We have horrible public services, many of us are in debt to have obtained our CS degrees, child care is soo expensive, healthcare is crazy expensive even after we get our employer healthcare plans. Going to a local soccer match costs me $50 for nosebleed tickets, a beer is $14, and nachos are $15. Parking costs me $25 at the game and you have to pay for gas here too which is close to $5 a gallon(but keep in mind we drive further, to EVERYTHING, and owning a car is a requirement unless you're in NYC or SF). I just want to represent for what is probably the majority of US SWE's.
  - elijaht 4y ago
    I think you are misrepresenting in the other direction (ie posting salaries that are unrepresentative in the low direction). Just out of a job hunt and had two offers in Atlanta, one in person with a TC of $180k and one fully remote with a TC of $235k. This is with 2 YoE The costs you post also seem really high. Atlanta United tickets are $35 for the cheapest, food/drink is around $25 total. I generally would take transit or uber into games but I see parking for $10-20 within a half mile. I'm not as familiar with housing costs but a few quick searches show 3 bed/2 bath in decent neighborhoods for around $500k, and to be within an hour of Atlanta is definitely doable for less. I think Atlanta is fairly high CoL for the Southeast and still find the expenses to be less than you're claiming
alex_suzuki 4y ago
Agreed. If you can land a job at a FAANG (not desirable for me), things are different though, even in Europe.
- nivenkos 4y ago
  Nah, I worked at Amazon in Europe - earned about $75k for a position that pays $160k in the US. We europoors are cheap labour for US corporations.
  - alex_suzuki 4y ago
    I have colleagues working at AWS, Google and Apple and all making upwards of 250k USD. It’s Switzerland though, not EU.
welder 4y ago
Get a remote job where they pay California rates no matter your location [1] [2] [3]. It's the new way for companies to stand out and attract global top talent. [1] https://handbook.sourcegraph.com/benefits-pay-perks/pay-expenses/compensation/#location-independent https://handbook.sourcegraph.com/benefits-pay-perks/pay-expe... [2] https://techcrunch.com/2022/04/28/airbnb-commits-to-fully-remote-workplace-live-and-work-anywhere/ https://techcrunch.com/2022/04/28/airbnb-commits-to-fully-re... [3] Filter by "Location independent pay" https://himalayas.app/companies https://himalayas.app/companies
- DogLover_ 4y ago
  Those are hard to find. If you filter in your 3.link it goes from 1924 -> 38. That is 2% of the jobs.
- meheleventyone 4y ago
  You don’t even need California rates of pay. Lots of remote jobs even if they don’t have parity pay more than local jobs.
- DogLover_ 4y ago
  Regarding link to AirBnb[2]. Their job-listing is still country dependent.
- nextlevelwizard 4y ago
  That works if you live in US, but considering if you are 10 hours ahead of California your life will turned literally upside down if you work remotely for Cali company.
DocTomoe 4y ago
Be aware that if you include the taxes and mandatory insurances you have to pay (and your employer has to pay), you'd usually pass the six figures easily. It's easy to be a millionaire if the state takes fuck all from the paycheck.
- DogLover_ 4y ago
  We pay taxes in the EU as well. Often the rate is much higher than the US but it depends on the country.
  - gambiting 4y ago
    Sure, but things like health insurance can easily cost $1000+ a month if you want full coverage and/or have some bad health conditions(and you still need to have a big pot of savings in case you need to use it, because your out of pocket excess might be 10k or more). In most european countries the monthly cost is nowhere near that, it scales with your salary(down to zero if you don't earn anything) and still covers you for absolutely everything and of course there is no such thing as copay or excess. Not to mention that Americans are swimming in student debt, while in many European countries higher education is completely free, or nearly free so you simply don't have that expense at all. Obviously once you start making 300k+ in US none of that really matters, you win at life in general - but it's not like people in Europe making 60k(euro) as software devs are in poverty or anything.
    - jason0597 4y ago
      > but things like health insurance can easily cost $1000+ a month if you want full coverage Yeah but if you multiple that by 12, you get something like $12k, or $15k for argument's sake. That $15k does not explain the disparity between a €55k/yr salary and a $150k/yr salary, so clearly there is another force that is at play here.
      - dathinab 4y ago
        The force of FAANG. Wait it's now MAANA?, MAAAN? and given Disney basically replacing the business of Netflix is it MAAAD now?
happymellon 4y ago
20 years here too, UK, I've finally broken the 6 digit bar but I had to move to contracting. My experience made getting job offers simple, but no one wanted to pay more. I'd often get lowballs with the offer of kudos for working at that tech firm. £95k seems to be the upper limit at this point here for FTEs.
- benjaminwootton 4y ago
  Contracting has been a very large component of the London market. Developers have been contracting at £600+ per day, more than £120k per year income, for 15+ years. It has historically been very easy to achieve that if you don’t mind working for a bank. I don’t even think I’m in a bubble with these numbers. I know and have hired hundreds of contractors over the years.
  - happymellon 4y ago
    I don't think you are either. It's funny but after hearing about the complete lack of protections for employment in the US, I think I may get better protections here as a contractor.
- GordonS 4y ago
  I've seen some remote architech/tech lead roles offering up to £125k, but this is a very recent development.
  - happymellon 4y ago
    Those would also be quite uncommon, but I have seen them. Usually for Oracle or someone I wouldnt want to go with. Most tech lead roles I've seen topped out at £90k.
    - nly 4y ago
      £100K should be bare minimum for a software engineer with a few years of experience in central London in 2022. 3 bed terraced houses with access to good schools, 50-60 minutes out central, sell for £1M, so if you're entering the area want a family you really want a household income of £200K+.
yreg 4y ago
Tbh I don't feel underpaid; I feel the US/FAANG engineers are ridiculously overpaid.
- dqpb 4y ago
  If that were true, companies would be going out of business, but instead they're thriving. Why are Europeans so underpaid? Are their tech companies not thriving?
  - BlargMcLarg 4y ago
    Scale and culture. For scale, see https://blog.pragmaticengineer.com/software-engineering-salaries-in-the-netherlands-and-europe/ https://blog.pragmaticengineer.com/software-engineering-sala... for more. There just isn't a lot of money in only a local market, and trying to accommodate a dozen countries worth of languages, culture and standards is far more difficult than one. For culture, a lot of European countries feel it is justified developers earn similar to other white collar jobs. It doesn't have the "heightened" status I often feel the US seems to give developers. Other white collar jobs don't really earn a lot either. Tech jobs kind of stop growing at senior, and require pivoting into management at least partially for higher income. Speaking of management, it is kind of unheard to earn more than your manager, unless you solidly outrank them in seniority. As a result, whatever the manager is paid, forms a tight glass ceiling for oneself.
    - dqpb 4y ago
      Sounds like a failure to embrace meritocracy.
  - benhurmarcel 4y ago
    Less offer, similar demand. European tech companies could pay more, but they don't need to because they don't compete as much for workers. If you ask for more they have no trouble finding someone else who will take it.
- zelos 4y ago
  Their employers are making $300k+ net profit per employee. The salaries seem reasonable to me on that basis.
linspace 4y ago
As an underpaid European I welcome insanely high salaries in USA. It sets a precedent and it has also influence in the global wage market.
- eru 4y ago
  Especially since the pandemic showed that remote work mostly works.
  - downrightmike 4y ago
    Is there any evidence WFH doesn't work? I've only ever seen WFH being awesome for everything.
    - eru 4y ago
      I have no clue about formal studies, but the fact that many profit maximizing companies are trying to push people back to the office is at least a hint that there might be something in it for them? Especially since most rank-and-file employees seem to prefer WFH, we can assume that the push back to the office isn't a boondoggle for them. Just the opposite. Companies are competing fiercely for labour. Wages in the tech sector are really high compared to the rest of the economy. Offering the option of WFH is a major draw for many people. There's not much regulatory intervention either way (and if anything it's in the direction of making offices more cumbersome to run). Office space also costs a lot of money to lease or buy and to run. So there's lots and lots of market pressure on companies to figure out how to make WFH work. Just like moving from artisanal workshops to factories required major re-organisations of how work is done, and how companies also needed to re-organise their white collar work to really reap the rewards of moving from paper shuffling to Word/Outlook/Excel jockeying, I expect WFH to be no different. Not all production of physical goods moved to factories. I expect at least some in-office work to remain. I don't know to what extent existing companies will be able to fully capitalise on WFH, and to what extent this will need newly founded companies. (From my personal experience, I can tell you that everyone in a team being remote seems to work well enough, but if you are the only guy working from home in timezone X and the rest of the team is mostly working from the office in timezone X-6, that doesn't work so well. But that's a much more extreme case than what most employees are asking to keep.) In any case, because of all the factors I outlined in the third paragraph, I expect WFH vs in-office work to shake out in a fairly free market way over the next few years.
throwawayo 4y ago
Our CEO makes 120.000 € a year. Revenue about 2.000.000 € There are employees that make more than him, but no one is close to 200.000 €. Personal is our biggest expense. I earn a decent living and can afford a house and two kids and a stay at home wife in Central Europe with 74.000 € (Project Manager / DevOp / Admin). Cost of living must be insanely high in the U.S. For me, these numbers are so high - I can't imagen what someone would do with all this money.
- gedy 4y ago
  > Mostly housing and trying to self fund retirement for 20-30 years.
- rjbwork 4y ago
  Save/invest so that I can escape the rat race before I'm too hold to do anything I actually want to do with my time.
- triceratops 4y ago
  > Cost of living must be insanely high in the U.S It's really not, especially if you have good health insurance through work. You can splurge and live life on a grand scale, or sock away generational wealth on American tech salaries.
- dschndstr 4y ago
  There are tax reasons for lowish CEO pay. You get income just up to the highest tax bracket (~120000 eur for married single income in Germany) and funnel the rest through dividends into a holding entity.
- tasuki 4y ago
  > I can't imagen what someone would do with all this money. Either splurge or save.
- lotsofpulp 4y ago
  > Cost of living must be insanely high in the U.S. For me, these numbers are so high - I can't imagen what someone would do with all this money. First is secure yourself with fuck you money so you do not need to sell your labor to procure the things you want, especially shelter (land), food, water, energy, healthcare, and education. Second is play the game against other high earners. Get involved in other businesses or politics, etc.

SilverBirch 4y ago

My experience has been that there's this massive cliff - if you can get into a company that's got a strong US attitude towards Tech salaries you can 2-5x your salary. That basically means do the same job but work for either a FANG style company, or work in some parts of Finance (easy to do in London). Someone of my experience (10 years exp) working in an average software company in the UK is probably earning 50-70k. By moving into Finance I'm now doing the same job for closer to 400k,and I'm not paid incredibly well compared to my US counterparts. It's just absurd.

dqpb 4y ago

Why are European software engineers so underpaid?

dathinab 4y ago
E.g. in Germany the side costs are much higher then in the US. E.g. the cost of paying 80k€ salary is much more then 80k€ for the company. But in the end the main reason is SV/FAANG.
- tjansen 4y ago
  All these costs are capped and not that important for higher salaries. Health insurance is only paid for the first 58k. The state pension, unemployment insurance etc do not increase for salaries over 85k. I would expect a good benefits package in the US to be more expensive for the employer than the mandatory costs for German insurances.

phendrenad2 4y ago

Warning: Every European who comes here feels extremely poor also (and many move back to Europe), so perhaps you should take that into consideration.

cakeplease 4y ago

These threads always make me sad. Even an entry-level position in the US makes more money than I do. There doesn't seem to be much competition here. I do get a lot of recruiting emails but most of them just ignore me after I mention my current salary. Granted, I am very fortunate to make 100000€ a year (mostly stock so varies a lot) Working remotely for a US company would be one option but there is a massive time zone difference. Also, the recruiting messages from US companies (e.g. Turing) seemed to treat Europeans as cheap labor who are not entitled to stock grants.

ryannevius 4y ago

Most tech workers in Europe _are_ underpaid (sample size: 1, me, an American living and working in the tech industry in Europe).

andai 4y ago
Do you mean that you are working for European companies and get paid more than your European colleagues?

baal80spam 4y ago

Exactly my thought when I read the title. I know the cost of living is higher in US but I'm always baffled by how much tech workers make on the other side of the pond. To me it sounds like a dream.

twistedpair 4y ago
I live in a major US housing market. I want to get a bigger house for my family. Realistically, we're talking $1.2M to do so. That feels so crazy, given I grew up in a $150K house. Suddenly you feel compelled to do whatever it takes to make $400K/yr so you can buy a 3 bedroom house.
zeku 4y ago
I have to post this every time we talk about salary and Europeans get in on the convo. This forum is absolutely DOMINATED by SF/LA/Seattle SWEs. Their cost of living is extremely high and their salaries are extremely high. The US is huge. I work in the Southeast. Where I'm working Junior SWEs start around 60k. Mid Level Start Around 75k. Senior start around 95k. Manager/Our new "Super Senior" level start around 120k. Our cost of living is still higher than yours. In my area a 3 bed/2 bath home with a small yard within 1 hour drive of my work costs 450k minimum and that would be a full hour out and the siding would be vinyl. We have horrible public services, many of us are in debt to have obtained our CS degrees, child care is soo expensive, healthcare is crazy expensive even after we get our employer healthcare plans. Going to a local soccer match costs me $50 for nosebleed tickets, a beer is $14, and nachos are $15. Parking costs me $25 at the game and you have to pay for gas here too which is close to $5 a gallon(but keep in mind we drive further, to EVERYTHING, and owning a car is a requirement unless you're in NYC or SF). I just want to represent for what is probably the majority of US SWE's.
- elijaht 4y ago
  I think you are misrepresenting in the other direction (ie posting salaries that are unrepresentative in the low direction). Just out of a job hunt and had two offers in Atlanta, one in person with a TC of $180k and one fully remote with a TC of $235k. This is with 2 YoE The costs you post also seem really high. Atlanta United tickets are $35 for the cheapest, food/drink is around $25 total. I generally would take transit or uber into games but I see parking for $10-20 within a half mile. I'm not as familiar with housing costs but a few quick searches show 3 bed/2 bath in decent neighborhoods for around $500k, and to be within an hour of Atlanta is definitely doable for less. I think Atlanta is fairly high CoL for the Southeast and still find the expenses to be less than you're claiming

alex_suzuki 4y ago

Agreed. If you can land a job at a FAANG (not desirable for me), things are different though, even in Europe.

nivenkos 4y ago
Nah, I worked at Amazon in Europe - earned about $75k for a position that pays $160k in the US. We europoors are cheap labour for US corporations.
- alex_suzuki 4y ago
  I have colleagues working at AWS, Google and Apple and all making upwards of 250k USD. It’s Switzerland though, not EU.

welder 4y ago

Get a remote job where they pay California rates no matter your location [1] [2] [3]. It's the new way for companies to stand out and attract global top talent. [1] https://handbook.sourcegraph.com/benefits-pay-perks/pay-expenses/compensation/#location-independent https://handbook.sourcegraph.com/benefits-pay-perks/pay-expe... [2] https://techcrunch.com/2022/04/28/airbnb-commits-to-fully-remote-workplace-live-and-work-anywhere/ https://techcrunch.com/2022/04/28/airbnb-commits-to-fully-re... [3] Filter by "Location independent pay" https://himalayas.app/companies https://himalayas.app/companies

DogLover_ 4y ago
Those are hard to find. If you filter in your 3.link it goes from 1924 -> 38. That is 2% of the jobs.
meheleventyone 4y ago
You don’t even need California rates of pay. Lots of remote jobs even if they don’t have parity pay more than local jobs.
DogLover_ 4y ago
Regarding link to AirBnb[2]. Their job-listing is still country dependent.
nextlevelwizard 4y ago
That works if you live in US, but considering if you are 10 hours ahead of California your life will turned literally upside down if you work remotely for Cali company.

DocTomoe 4y ago

Be aware that if you include the taxes and mandatory insurances you have to pay (and your employer has to pay), you'd usually pass the six figures easily. It's easy to be a millionaire if the state takes fuck all from the paycheck.

DogLover_ 4y ago
We pay taxes in the EU as well. Often the rate is much higher than the US but it depends on the country.
- gambiting 4y ago
  Sure, but things like health insurance can easily cost $1000+ a month if you want full coverage and/or have some bad health conditions(and you still need to have a big pot of savings in case you need to use it, because your out of pocket excess might be 10k or more). In most european countries the monthly cost is nowhere near that, it scales with your salary(down to zero if you don't earn anything) and still covers you for absolutely everything and of course there is no such thing as copay or excess. Not to mention that Americans are swimming in student debt, while in many European countries higher education is completely free, or nearly free so you simply don't have that expense at all. Obviously once you start making 300k+ in US none of that really matters, you win at life in general - but it's not like people in Europe making 60k(euro) as software devs are in poverty or anything.
  - jason0597 4y ago
    > but things like health insurance can easily cost $1000+ a month if you want full coverage Yeah but if you multiple that by 12, you get something like $12k, or $15k for argument's sake. That $15k does not explain the disparity between a €55k/yr salary and a $150k/yr salary, so clearly there is another force that is at play here.
    - dathinab 4y ago
      The force of FAANG. Wait it's now MAANA?, MAAAN? and given Disney basically replacing the business of Netflix is it MAAAD now?

happymellon 4y ago

20 years here too, UK, I've finally broken the 6 digit bar but I had to move to contracting. My experience made getting job offers simple, but no one wanted to pay more. I'd often get lowballs with the offer of kudos for working at that tech firm. £95k seems to be the upper limit at this point here for FTEs.

benjaminwootton 4y ago
Contracting has been a very large component of the London market. Developers have been contracting at £600+ per day, more than £120k per year income, for 15+ years. It has historically been very easy to achieve that if you don’t mind working for a bank. I don’t even think I’m in a bubble with these numbers. I know and have hired hundreds of contractors over the years.
- happymellon 4y ago
  I don't think you are either. It's funny but after hearing about the complete lack of protections for employment in the US, I think I may get better protections here as a contractor.
GordonS 4y ago
I've seen some remote architech/tech lead roles offering up to £125k, but this is a very recent development.
- happymellon 4y ago
  Those would also be quite uncommon, but I have seen them. Usually for Oracle or someone I wouldnt want to go with. Most tech lead roles I've seen topped out at £90k.
  - nly 4y ago
    £100K should be bare minimum for a software engineer with a few years of experience in central London in 2022. 3 bed terraced houses with access to good schools, 50-60 minutes out central, sell for £1M, so if you're entering the area want a family you really want a household income of £200K+.

yreg 4y ago

Tbh I don't feel underpaid; I feel the US/FAANG engineers are ridiculously overpaid.

dqpb 4y ago
If that were true, companies would be going out of business, but instead they're thriving. Why are Europeans so underpaid? Are their tech companies not thriving?
- BlargMcLarg 4y ago
  Scale and culture. For scale, see https://blog.pragmaticengineer.com/software-engineering-salaries-in-the-netherlands-and-europe/ https://blog.pragmaticengineer.com/software-engineering-sala... for more. There just isn't a lot of money in only a local market, and trying to accommodate a dozen countries worth of languages, culture and standards is far more difficult than one. For culture, a lot of European countries feel it is justified developers earn similar to other white collar jobs. It doesn't have the "heightened" status I often feel the US seems to give developers. Other white collar jobs don't really earn a lot either. Tech jobs kind of stop growing at senior, and require pivoting into management at least partially for higher income. Speaking of management, it is kind of unheard to earn more than your manager, unless you solidly outrank them in seniority. As a result, whatever the manager is paid, forms a tight glass ceiling for oneself.
  - dqpb 4y ago
    Sounds like a failure to embrace meritocracy.
- benhurmarcel 4y ago
  Less offer, similar demand. European tech companies could pay more, but they don't need to because they don't compete as much for workers. If you ask for more they have no trouble finding someone else who will take it.
zelos 4y ago
Their employers are making $300k+ net profit per employee. The salaries seem reasonable to me on that basis.

linspace 4y ago

As an underpaid European I welcome insanely high salaries in USA. It sets a precedent and it has also influence in the global wage market.

eru 4y ago
Especially since the pandemic showed that remote work mostly works.
- downrightmike 4y ago
  Is there any evidence WFH doesn't work? I've only ever seen WFH being awesome for everything.
  - eru 4y ago
    I have no clue about formal studies, but the fact that many profit maximizing companies are trying to push people back to the office is at least a hint that there might be something in it for them? Especially since most rank-and-file employees seem to prefer WFH, we can assume that the push back to the office isn't a boondoggle for them. Just the opposite. Companies are competing fiercely for labour. Wages in the tech sector are really high compared to the rest of the economy. Offering the option of WFH is a major draw for many people. There's not much regulatory intervention either way (and if anything it's in the direction of making offices more cumbersome to run). Office space also costs a lot of money to lease or buy and to run. So there's lots and lots of market pressure on companies to figure out how to make WFH work. Just like moving from artisanal workshops to factories required major re-organisations of how work is done, and how companies also needed to re-organise their white collar work to really reap the rewards of moving from paper shuffling to Word/Outlook/Excel jockeying, I expect WFH to be no different. Not all production of physical goods moved to factories. I expect at least some in-office work to remain. I don't know to what extent existing companies will be able to fully capitalise on WFH, and to what extent this will need newly founded companies. (From my personal experience, I can tell you that everyone in a team being remote seems to work well enough, but if you are the only guy working from home in timezone X and the rest of the team is mostly working from the office in timezone X-6, that doesn't work so well. But that's a much more extreme case than what most employees are asking to keep.) In any case, because of all the factors I outlined in the third paragraph, I expect WFH vs in-office work to shake out in a fairly free market way over the next few years.

throwawayo 4y ago

Our CEO makes 120.000 € a year. Revenue about 2.000.000 € There are employees that make more than him, but no one is close to 200.000 €. Personal is our biggest expense. I earn a decent living and can afford a house and two kids and a stay at home wife in Central Europe with 74.000 € (Project Manager / DevOp / Admin). Cost of living must be insanely high in the U.S. For me, these numbers are so high - I can't imagen what someone would do with all this money.

gedy 4y ago
> Mostly housing and trying to self fund retirement for 20-30 years.
rjbwork 4y ago
Save/invest so that I can escape the rat race before I'm too hold to do anything I actually want to do with my time.
triceratops 4y ago
> Cost of living must be insanely high in the U.S It's really not, especially if you have good health insurance through work. You can splurge and live life on a grand scale, or sock away generational wealth on American tech salaries.
dschndstr 4y ago
There are tax reasons for lowish CEO pay. You get income just up to the highest tax bracket (~120000 eur for married single income in Germany) and funnel the rest through dividends into a holding entity.
tasuki 4y ago
> I can't imagen what someone would do with all this money. Either splurge or save.
lotsofpulp 4y ago
> Cost of living must be insanely high in the U.S. For me, these numbers are so high - I can't imagen what someone would do with all this money. First is secure yourself with fuck you money so you do not need to sell your labor to procure the things you want, especially shelter (land), food, water, energy, healthcare, and education. Second is play the game against other high earners. Get involved in other businesses or politics, etc.