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Despite the general online sentiment, it's important to realize that the average American makes an absurd amount of money compared to their global peers. Even a
by boc 4y ago
Despite the general online sentiment, it's important to realize that the average American makes an absurd amount of money compared to their global peers. Even adjusting for PPP and other factors, average disposable household income for the US - a nation of 340M people - blows the doors off Luxembourg, Switzerland, Norway, etc. [1].
What's more though, median disposable income per capita ALSO places the US at the very top in the world, which is super impressive.
All of this is to say that the US is actually a very wealthy place for the white collar worker demographic, so companies need to pay high salaries to attract employees.
[1] https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income https://en.wikipedia.org/wiki/Disposable_household_and_per_c...
- greesil 4y agoAnd yet, I can't afford a house. I guess I'll go buy another Tesla.
- brigade 4y agoAs much as you can't afford a home in the US, you wouldn't be able to afford to buy a home in Europe even harder.
- ThePowerOfFuet 4y agoA flat in a nice part of Barcelona can be had for €300k.
- suction 4y agoWhat kind of flat is that? Size, building age, amenities, etc.?
- ThePowerOfFuet 4y agoI suggest you check out www.idealista.es and www.fotocasa.es.
- suction 4y agoSo it's not real. Got it.
- ThePowerOfFuet 4y agoIt's not my job to do their research for them, but two minutes will show that it very much is the case.
- spaniard89277 4y agoMost spaniards can't pay that. Even a large portion of devs.
- ThePowerOfFuet 4y agoI picked a higher-end example to counter the original assertion that American city prices are also similar in Western Europe (they're not).
- spaniard89277 4y agoMmm, but housing is usually more expensive around here, except for SV and some other hot spots in the US. US listings have plenty of houses for about 150k, which is unheard of in my low income area. And any blue collar american is making way more than me or my peers. Services in most EU good, groceries are cheaper and better average quality for what everyone who's done shopping in both places, and some other stuff too. But in general I'd say that unless you go to Switzerland most euroa have lower disposable income and harder access to housing. Even flats for 150k are old and in bad shape. You'd have to get very far from the city to get something nice for 150k and good luck with Internet and having services around.
- ThePowerOfFuet 4y agoGood luck buying a house in Toronto for under €600k. Barcelona is absolutely a steal in comparison (and the food, transport, and weather are better, and the public healthcare is just as good).
- spaniard89277 4y agoBarcelona is a steal for you. The modal income for spaniards is under 20k. So even if you manage to save money sharing a flat or living with your parents, good luck. And plenty of houses for 600k around here by the way.
- 4y ago
- gedy 4y ago> And yet, I can't afford a house. You can, but need to move elsewhere within the US. I know it's not great situation though.
- greesil 4y agoYou're not wrong, I just can't figure out where. From a purely jobs standpoint, SV is an engineer's paradise. Yes, I know remote work is a thing.
- dieselgate 4y agoYeah I guess so but we (americans) also have to worry about healthcare and having (basically) no parental leave etc so always kind of figured it wasn’t as good as it sounds. Open to interpretation maybe. Was under the impression Australians are paid very well in comparison? Like pretty good minimum wages and holidays - in addition to lucrative trades work. Just have personal experience to vouch for his though.
- TMWNN 4y ago>Yeah I guess so but we (americans) also have to worry about healthcare The disposable income figure that boc quoted includes things like healthcare.
- nemo44x 4y agoMost tech companies here have 3-4 months of parental leave and have free or nearly free healthcare. High value workers in the USA are the best compensated in the world by a wide margin. Other places are better for low value workers.
- deleted 4y ago[deleted]
- cma 4y agoHigh value tech workers make a lot because: Their companies figured out a way to make Ford pay millions to be the first result for "Ford" when a user searches for "Ford" instead of users getting a result for "Chevy" (tiny ad disclaimer and recent court cases overseas notwithstanding). https://nymag.com/intelligencer/2019/03/why-businesses-have-to-buy-google-ads-against-their-own-name.html https://nymag.com/intelligencer/2019/03/why-businesses-have-... Other successful ones (often the same companies actually) charge (even after their expenses) a higher fee than federal taxes to be part of their store, compelled by a series of hidden ecosystem costs to the consumers, monopolization tactics, and network effects. That company in Europe with the low profit per employee is potentially paying out 30% of their gross (taxes are at least only on net) to one of these. Basically many of these jobs are "bullshit jobs," working on problems the companies themselves create to rip people off.
- mattkrause 4y agoThat “adjustment” is really tricky to do convincingly. I’ve been trying to compare an offer in the US and one in Montreal. The raw number for the US blows Canada out of the water, obviously, but adding in healthcare and childcare really starts to close the gap. That’s at least sort of calculable, especially if you ignore their option values, but it’s harder to price in other intangibles, like living somewhere walkable or with good public amenities (parks, schools, events). Basically no amount of money will buy you a walkable neighborhood in parts of the US: we looked—-hard—-in Houston!
- TMWNN 4y ago>I’ve been trying to compare an offer in the US and one in Montreal. The raw number for the US blows Canada out of the water, obviously, but adding in healthcare and childcare really starts to close the gap. The disposable income figure that boc quoted includes things like healthcare.
- mattkrause 4y agoYou need to look at the adjusted disposable income to include “social transfers in kind”. The US still leads there, but not as dramatically. Even so, I’m not convinced that these numbers are actually that meaningful. They might tell you how many new Macbooks someone can afford, but do you think the median person’s quality of life is actually 50% worse outside the US? That seems implausible to me!
- quxpar 4y agoKingwood is the closest thing, because you can at least go for a nice nature walk or have your kids safely bike to school, but there is zero 'walk to the corner store' infrastructure. It's a shame becausse my mother grew up in a much more walkable houston but now this was the best neighborhood she could retire in.
- mattkrause 4y agoThanks! We ended up not making the move for other reasons too, but it's good to know that we didn't miss something.
- weq 4y agoTop of the developed world in infant mortality and school shootings too! Us outside the US, who had the option to come and joining a FAANG; call it danger money.
- sjfidsfkds 4y agoSchool shootings kill dozens of people per year in the US, it’s a similar magnitude risk as lightning strikes or train crashes. Infant mortality in the US is more common and indicative of problems that affect a lot of people. Namely, inequality in access to high-quality prenatal health care, and obesity. If you’re coming to work as a software engineer in the US, you are going to get good health insurance for yourself in your family. Obesity is potentially more relevant - lots of wealthy professionals in the US are obese. Not sure how much this tends to affect people who immigrate from healthier countries.
- saiya-jin 4y agoSchool shooting is bad example, it gets a lot of headlines but means nothing when averaged for whole US population. There are other, more serious topics which somebody from ie Europe who isn't desperate for money should consider. Overall workoholic culture and much less free paid days and vacations (no, 20 days per year isn't that great rather bare minimum, 30 begins to be interesting if you actually want to have great life before retirement, on top of plenty of public holidays). Overall crime rates are important though, and thats very high in US for an european. Your taxes are (well repeatedly were, and definitely will be again) used to kill some poor civilians half around the globe for no moral reason whatsoever, bravo for making the world a better place. Low food/produce quality, the amount of NOK chemistry and procedures for growing and raising cattle that is banned in EU is staggering. Most of the country apart from big cities is remarkably full of backwardish fanatical christians, I mean isn't teaching evolution still banned in most schools? Abortions topic? Healthcare is a topic on its own. There were many posts here before that even with good insurance, you pay hefty sums and very well earning folks were desperate to save enough for high quality healthcare for retirement, especially once you know you have some long term issue for the rest of your life (which we all end up having unless dying way too early). What about when you are between jobs? Or if you retire, since obviously this is when you need good medical system the most? If you had big accident/serious long term illness and employer fires you? Raising kids - TCO is ridiculously huge, mainly due to University fees that in Europe you often simply just don't have, or they are rather token sums. Public schools are often crap with heavily underpaid teachers (the salary part is probably true everywhere though). So you end up with higher income but you can lose it very easily if you have bad luck / ignore your health, or simply have few smart kids. Not even going into the topic of being treated as sub-human by US government, since you are not US citizen and somehow doesn't deserve basic human rights when it suits them. Of course there are many positives but that's another topic.