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One factor for a minority of jobs is extreme profitability of large American companies, (FAANG mostly), but the bigger portion is that they need to pay that muc
by Barrin92 4y ago
One factor for a minority of jobs is extreme profitability of large American companies, (FAANG mostly), but the bigger portion is that they need to pay that much.
Friends I know in the US who make about 40k more than I do actually don't come out ahead because they pay thousands for private schooling (for a school on par with public education over here), daycare, two cars, high rent and so on.
When I stayed in the US I paid 3.5k in rent for a one bedroom apartment, in a trendy part of Berlin you pay half that. Cost of living in the US where the popular jobs are is high. People seem to be unable to save a lot even if they earn 100k+ salaries. In many other countries social security, education, loans, healthcare etc is simply priced in publicly.