5 ms·

It affects the income gap. People in the startup sector earn _much_ more than other sectors - the difference is, if I'm not wrong, one of the biggest in the EU

by tauntz 4y ago

It affects the income gap. People in the startup sector earn _much_ more than other sectors - the difference is, if I'm not wrong, one of the biggest in the EU. So it creates a) a lot of inequality and b) drives up prices of certain goods (houses, apartments) because there's a noticeable % of the population in the startup sector who has now their sweet exit money that's looking for a new home.

throwaway4good 4y ago
"People in the startup sector earn _much_ more than other sectors - the difference is, if I'm not wrong, one of the biggest in the EU." Do you have a source for this claim? I would be very surprised if that was true.
- ChuckNorris89 4y ago
  I think parent lives in some start-up bubble full of rich exciters, as where I live (Austria), start-up exists don't move the needle at all.
  - tauntz 4y ago
    > I think parent lives in some start-up bubble full of rich exciters I do. > as where I live (Austria) start-up exists don't move the needle at all. I totally believe this as the "% of people who are employed by a startup that has made an exit" is vastly different in Austria vs Estonia. The total population of Estonia is so small that all exit events stand out. This year, there have been about 40 houses sold in the city I live in (pop 100k) [1]. From that only 7 are newer than 20 years. 7. Meanwhile, there are tens of people here who have been part of at least some kind of exit event during the same period and who are now actively looking for their first house. No other event in any other industry generates a sudden need for new real estate. At least not here in Estonia. There's a) extremely limited supply and b) a massive price increase due to extreme increase in demand (well, "extreme" in the local context) [1] https://www.maaamet.ee/kinnisvara/htraru/FilterUI.aspx https://www.maaamet.ee/kinnisvara/htraru/FilterUI.aspx
    - ChuckNorris89 4y ago
      I feel you, but your statement is true for Estonia, not for the whole EU like you originally claimed. That's why I said you live in a different bubble.
- tauntz 4y ago
  Don't take my word for it indeed - I saw an article with a nice graph about that like a year ago but 10 minutes of Googling didn't turn up anything at the moment. So here's an anecdote instead :) Sweden. Average salary 36100SEK, average "Software- and system developers" salary 46500SEK. So a software dev earns ~30% more than the average salary. [1] Estonia. Average salary 1576EUR. average "Software developer" salary 3753EUR. So a software dev earns ~140% more than the average salary [2] Now I didn't find an official source for "% of people employed in the startup sector" for both countries but my guess is that it's much bigger in Estonia than in Sweden (based on [3]) and that's the reason for my overall pessimistic view that the startup scene here in Estonia is one of the biggest causes of income inequality in the EU (and I'm saying this as a person living in the startup bubble in Estonia myself) [1] https://www.statistikdatabasen.scb.se/pxweb/en/ssd/START__AM__AM0110__AM0110A/LoneSpridSektorYrk4A/ https://www.statistikdatabasen.scb.se/pxweb/en/ssd/START__AM... [2] https://palgad.stat.ee/en# https://palgad.stat.ee/en# [3] https://2020.stateofeuropeantech.com/chart/746-3309 https://2020.stateofeuropeantech.com/chart/746-3309

by tauntz 4y ago

throwaway4good 4y ago

"People in the startup sector earn _much_ more than other sectors - the difference is, if I'm not wrong, one of the biggest in the EU." Do you have a source for this claim? I would be very surprised if that was true.

ChuckNorris89 4y ago
I think parent lives in some start-up bubble full of rich exciters, as where I live (Austria), start-up exists don't move the needle at all.
- tauntz 4y ago
  > I think parent lives in some start-up bubble full of rich exciters I do. > as where I live (Austria) start-up exists don't move the needle at all. I totally believe this as the "% of people who are employed by a startup that has made an exit" is vastly different in Austria vs Estonia. The total population of Estonia is so small that all exit events stand out. This year, there have been about 40 houses sold in the city I live in (pop 100k) [1]. From that only 7 are newer than 20 years. 7. Meanwhile, there are tens of people here who have been part of at least some kind of exit event during the same period and who are now actively looking for their first house. No other event in any other industry generates a sudden need for new real estate. At least not here in Estonia. There's a) extremely limited supply and b) a massive price increase due to extreme increase in demand (well, "extreme" in the local context) [1] https://www.maaamet.ee/kinnisvara/htraru/FilterUI.aspx https://www.maaamet.ee/kinnisvara/htraru/FilterUI.aspx
  - ChuckNorris89 4y ago
    I feel you, but your statement is true for Estonia, not for the whole EU like you originally claimed. That's why I said you live in a different bubble.
tauntz 4y ago
Don't take my word for it indeed - I saw an article with a nice graph about that like a year ago but 10 minutes of Googling didn't turn up anything at the moment. So here's an anecdote instead :) Sweden. Average salary 36100SEK, average "Software- and system developers" salary 46500SEK. So a software dev earns ~30% more than the average salary. [1] Estonia. Average salary 1576EUR. average "Software developer" salary 3753EUR. So a software dev earns ~140% more than the average salary [2] Now I didn't find an official source for "% of people employed in the startup sector" for both countries but my guess is that it's much bigger in Estonia than in Sweden (based on [3]) and that's the reason for my overall pessimistic view that the startup scene here in Estonia is one of the biggest causes of income inequality in the EU (and I'm saying this as a person living in the startup bubble in Estonia myself) [1] https://www.statistikdatabasen.scb.se/pxweb/en/ssd/START__AM__AM0110__AM0110A/LoneSpridSektorYrk4A/ https://www.statistikdatabasen.scb.se/pxweb/en/ssd/START__AM... [2] https://palgad.stat.ee/en# https://palgad.stat.ee/en# [3] https://2020.stateofeuropeantech.com/chart/746-3309 https://2020.stateofeuropeantech.com/chart/746-3309