4 ms·

> It’s not like the revenue of tech companies is lower outside of the US, so why isn’t more of it ending up in developers’ pockets, where it should go? What y

> It’s not like the revenue of tech companies is lower outside of the US, so why isn’t more of it ending up in developers’ pockets, where it should go? What you're forgetting is that taxes differ quite a lot from country to country. That, and cost of living is a factor too. If food and housing costs half as much, then even though you're paid less, you're not really poorer for it. I think many American developers are kind of blind to how absurdly expensive California housing is.

RestlessMind 3y ago
From what I read on the internets, housing is also absurdly expensive in London, Lisbon, NYC, Toronto, Vancouver, Shanghai etc. Adjusting for the local level of salaries of course. So not sure what your point is?
- throwawayadvsec 3y ago
  Absurd compared to the local living wages, not compared to SF
  - 1attice 3y ago
    Comparable to SF, but unsupported by the easy money.
    - 908B64B197 3y ago
      > by the easy money. A lot of this completely self-imposed (and very much by design) to prop-up real estate because there's no other industry to support the economy. Vancouver is a prime example: it's extremely easy (compared to the US) for foreigners to purchase assets (even with questionable sources of incomes that wouldn't pass the higher scrutiny of USCIS) and for owners to collude into restricting the supply. They are happy since their investment appears to grow in value (they can get out of the game and cash-in if another foreigner decides to park his money into these assets) and the government is happy since a lot of people's retirements are tied to their home value and it gives the impression the economy is growing.
roland35 3y ago
I don't think anyone is blind to how expensive SF real estate is?? I mean at least every single person I know who lives there talks about it!
midoridensha 3y ago
I think most Americans are kind of blind to how absurdly expensive American housing, and the entire American lifestyle, is. It's not just housing, it's everything: healthcare, restaurant food, car culture, heating/cooling/lawn care for the enormous houses, I could go on and on.
yosefjaved1 3y ago
I would also add the strength of the dollar. If the dollar appreciates to the value of the local country's currency, then the revenue earned from there using the local currency for pricing and transacting begins to be worth less.
- marginalia_nu 3y ago
  If it was true, wouldn't we expect Japanese developers to be paid 0.7% as much as American developers?

RestlessMind 3y ago

From what I read on the internets, housing is also absurdly expensive in London, Lisbon, NYC, Toronto, Vancouver, Shanghai etc. Adjusting for the local level of salaries of course. So not sure what your point is?

throwawayadvsec 3y ago
Absurd compared to the local living wages, not compared to SF
- 1attice 3y ago
  Comparable to SF, but unsupported by the easy money.
  - 908B64B197 3y ago
    > by the easy money. A lot of this completely self-imposed (and very much by design) to prop-up real estate because there's no other industry to support the economy. Vancouver is a prime example: it's extremely easy (compared to the US) for foreigners to purchase assets (even with questionable sources of incomes that wouldn't pass the higher scrutiny of USCIS) and for owners to collude into restricting the supply. They are happy since their investment appears to grow in value (they can get out of the game and cash-in if another foreigner decides to park his money into these assets) and the government is happy since a lot of people's retirements are tied to their home value and it gives the impression the economy is growing.

roland35 3y ago

I don't think anyone is blind to how expensive SF real estate is?? I mean at least every single person I know who lives there talks about it!

midoridensha 3y ago

I think most Americans are kind of blind to how absurdly expensive American housing, and the entire American lifestyle, is. It's not just housing, it's everything: healthcare, restaurant food, car culture, heating/cooling/lawn care for the enormous houses, I could go on and on.

yosefjaved1 3y ago

I would also add the strength of the dollar. If the dollar appreciates to the value of the local country's currency, then the revenue earned from there using the local currency for pricing and transacting begins to be worth less.

marginalia_nu 3y ago
If it was true, wouldn't we expect Japanese developers to be paid 0.7% as much as American developers?