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Its both really. In Europe you can’t do innovation, or it’s an order of magnitude more expensive.
by cloutchaser 4y ago
Its both really.
In Europe you can’t do innovation, or it’s an order of magnitude more expensive.
- FranzFerdiNaN 4y agoYou mean you cant do innovation without dumping the cost on society. Someone is paying for the price difference.
- simonh 4y agoNobody is willing to pay the price difference, that's why scaling up big tech in Europe natively doesn't happen. If someone were paying it, then we would have big tech natively in Europe, and we haven't.
- ElCheapo 4y agoCould you give an example of a technology that needs to be scaled up in Europe?
- simonh 4y agoCompetitors to Microsoft, Apple, Google, Facebook, Amazon/AWS, Netflix. The only thing we have that's even vaguely comparable that started in Europe is Spotify and it's 1/3 the size of Netflix, which itself is the smallest of the US tech giants.
- ElCheapo 4y agoYou have listed many companies that do many different things so I don't really know what you mean. But in any case, how would a natively European competitor benefit Europe? Are we talking about money, jobs or what exactly?
- simonh 4y agoMoney, jobs, IP, skills, influence. As I pointed out in another thread, Europe loses a lot of top IT/CS graduates to the US every year because they can earn 3x to 5x the money.
- cloutchaser 4y agoThere's a lot of examples of tech unicorns that have no negative effect on society, yet were all created in either the US, China or the UK. Your argument is just plain wrong and can be disproven with a few examples.
- simonh 4y agoYou can do innovation, the problem is scaling up to the mass market. The EU is supposed to be a massive single market at scale to rival the US and China, and in some ways it is, but it still has a fragments cultural and legal landscape. The gravitational pull of the US on European dev talent is really hard to ignore. Every year the cream of European IT graduates move to the US because that's where the big companies and top paying jobs are. It's a powerful self-reinforcing feedback loop.
- orangepurple 4y agoOn what visa do these students move and work on in the US? The US visa process is extremely onerous
- simonh 4y agoThere are 65k H1-B visas issued every year. The FAANG all have offices in Europe so they can put grads to work there until the visa comes through. Of course some companies are ramping up their dev capacity in Europe due to the shortage of grads in the US, that's why Facebook announced thousands of the devs they're hiring for the Metaverse will be in Europe.
- shagie 4y agoI believe it would be the H1-B. Australia has the E-3 visa and Canada and Mexico have the TN visa.
- atwood22 4y agoMany people come over on an L1 visa. A U.S. company will higher a foreign worker, have them work in a foreign office for one year, and then they qualify for an L1 visa.
- ejanus 4y agoHow do you break that circle?
- JumpCrisscross 4y ago