8 ms·
You can currently do this as well. Turns out FAANG is popular because german tech pay is pretty garbage.
by selfmodruntime 4y ago
You can currently do this as well. Turns out FAANG is popular because german tech pay is pretty garbage.
- 4gotunameagain 4y agoGerman tech pay is fine. The EU does not strive for the wealth inequality of the US, and tech wages are more than enough.
- WanderPanda 4y agoAbsolutely not even if you consider it pre-tax. Post-tax it's just horrible
- kensai 4y agoYes, but you get a social security which is without par. Including one year Arbeitslosgeld (in most situations), health insurance, the works. I always find it funny that we compare these things. In the USA the salaries are superhigh, but lo and behold if something happens to your crystal perfect life. And in life shit happens. A disease, an accident, an unwanted pregnancy. There is so much that might go off, you can literally drown in debts before you even know it.
- bialpio 4y agoAgreed, this is actually pretty scary for me (living in the US for a decade now) - bankruptcy is potentially one accident away (especially if it takes away the ability to continue doing the high-paying job).
- jdminhbg 4y agoIf you have a high-paying job that you're worried about losing due to some kind of health incident, you should get disability insurance.
- slaw 4y agoIn the USA in Meta like companies you have good healthcare insurance, one year paid maternity leave and a lot of other benefits. 4 months salary at layoff. And you make 2 to 3 times more than in Germany.
- ryan93 4y agoSay how much do the executives make at German companies?
- Kinrany 4y agoDo tech salaries really affect the overall wealth inequality? Programmers are both few and still salaried.
- ddorian43 4y agoIt's best for the wealth to remain on companies owners. That's what Germany thinks.
- mmmmmbop 4y agoAt German car manufacturers? Absolutely not. The maximum compensation that an IC can commend at BMW is just above 100k€ -- and that would require more than ten years of experience. Compare that to a new grad at Google Germany making 130k€. Somebody with ten years of experience there would be making closer to 300k€.
- selfmodruntime 4y agoGoogle Germany does not pay new grads 130k. Not even close.
- esel2k 4y agoBut that typically old-school setup where there is only one way to make more money is move up the career ladder into management or in German “Führugskarriere”. I have no pity for these types of companies who don’t understand that a senior engineer is worth more than a young group leader. A few companies have started to change but Germany has along way to go to adapt from this mindset, but in reality there would be enough money just another distribution is necessary.
- lotsofpulp 4y agoWealth/income inequality is addressed by wealth/income taxes, or marginal consumption taxes. Controlling prices (limiting wages) would be a terrible way to go about it.
- mensetmanusman 4y agoThe damaging wealth inequality is the hundred millionaire + class and the rest. If prosperity distribution had kept track during the last 50 years (wealth has increased dramatically due to tech), the average salary would be 6 figures, so it’s actually better for wealth distribution to have tech folks making higher 6 figures to put pressure on the 8+ figure class.
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- ch4s3 4y agoThe GINI coefficient for Germany is about 32 vs 41 in the US with the global average being 38. That's not so far apart, and the US is skewed by have a chunk of the world's wealthiest people.
- smcl 4y agoIt's hard to take two numbers in isolation that we don't really use day to day and make any kind of sense of them. It's only when you graph a few countries together[0] that you see: 1. the US is somewhat of an outlier, while Germany is grouped together with other wealthy countries 2. the US' Gini has been steadily growing last few decades - implying inequality is getting worse 3. Germany's Gini is very slightly declining in the last few decades - implying it's staying roughly stable I don't think higher-than-average is particularly good at all - you're in the neighbourhood of places like Qatar, Iran, DRC and Argentina. In fact the only way you'd use Gini to suggest the US has a ok level of wealth inequality is if you presented two countries Gini coefficients side-by-side to someone who doesn't normally think about Gini, presented them without any other context and said "look, they're kinda close" [0] - https://en.wikipedia.org/wiki/Gini_coefficient#/media/File:Gini_since_WWII.svg https://en.wikipedia.org/wiki/Gini_coefficient#/media/File:G...
- ElevenLathe 4y agoHigh tech-sector salaries are the result of extreme wealth inequality, not the cause of it. The 0.1% are not Meta engineers hammering a check and fretting about RSUs. They are the ones investing in every half-baked TechCo and startup because they already own a few small countries and a Blackwater detail the size of the 82nd Airborne, and they can't think of anything else to do with their money. It's this desperation for anything approaching positive real returns that has inflated US tech salaries.
- Ericson2314 4y agoLol blaming workers for income inequality. Use profit margins to determine what wages should be. I wouldn't be surprised if the wages are fine on that basis, actually. But let's draw the right conclusions for the right reasons.
- Vibgyor5 4y agoStrong disagree with that one and this is a fairly unambitious take. Most companies and employees themselves in the EU buy their own kool-aid of "yeah we are ok with getting paid $40k because we got health insurance" (which does not work as efficiently in practice as one would like). EU - esp. Germany and some other European countries - have abysmal salary compared to rest of the developed world and a poor wage growth over the last 10 years or so. Heck, even countries like India have experienced faster growth: netto, a senior tech professional in India can earn more than what what they'd get in Germany. And that's not even accounting for 3-5x difference in cost of living.
- redelvis 4y agoI thought about moving to Berlin and did some research. Median salary for a Senior Software Engineer is 86k EUR in Berlin according to Glassdoor. You will pay ~48% in taxes (depending on your Tax class), so it will be around 3700 net per month with an avg rent ~1500 EUR. So it's like 2200 EUR left, and you are supposed to have a life (and even make some savings) with that money. I don't know how this is fine to be honest. The only reasonable way to do it is to have this salary when you live in a more cheaper place with a better tax regime.
- lmarcos 4y agoNah. With 86K gross/year in Germany you get: around 4K for tax group 1 (single) and 4.7K for tax group 3 (married and your partner earns less than you). Also, average rent in Berlin is among the cheapest (compared to other big cities like Hamburg, Dusseldorf and Munich). So, more like 1K/month for a decent apartment. This salary calculator is extremely accurate https://www.brutto-netto-rechner.info/gehalt/gross_net_calculator_germany.php https://www.brutto-netto-rechner.info/gehalt/gross_net_calcu... In any case, I agree with your overall statement: even if 86K/year puts you in the top 10% of earners in Germany, in reality it's hard to afford a decent house (not flat) with that salary (unless you wanna work until you're 67...)
- redelvis 4y agoFor me it comes to an almost philosophical question: do you want to live like an average person in a developed country, or do you want to live better than average in a different place with a cheaper cost of living? Thank you for the calc though, seems really helpful.
- yrgulation 4y agoLow pay, old tech, stiff management, strict hierarchy.