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Salary is that high in the US because we have no social net or price caps here. Your on your own for everything. Healthcare, retirement, overpriced homes, out o
by DonnyV 3y ago
Salary is that high in the US because we have no social net or price caps here. Your on your own for everything. Healthcare, retirement, overpriced homes, out of control rent, etc
- throwaway1777 3y agoAlso because you can be fired at any moment.
- bornfreddy 3y agoYou can be fired in EU too, it just costs a few months' salary. And you can't quit without notice too so it goes both ways.
- Yajirobe 3y agoOverpriced homes, out of control rent, retirement are extremely problematic in a lot of European countries. And in the US, healthcare is usually covered by the company (talking about big tech corps). So the extremely high salary is still a net positive compared to EU
- vasco 3y agoThey say they offer healthcare too, not sure how it works for their employees outside the US: https://oxide.computer/blog/benefits-as-a-reflection-of-values https://oxide.computer/blog/benefits-as-a-reflection-of-valu... With this in mind, it's just a good salary. Until they have competition squeezing them on margins it looks like an OK approach. At some point their board most likely won't agree with paying some people below market rates for important roles and other more fungible roles paying 2-3x market rates but while they can keep doing it, it's great free marketing.
- cedws 3y ago>overpriced homes, out of control rent Plenty of that in London unfortunately and our salaries are half. >Healthcare And not so much of that... despite paying tax for it anyway.
- troupe 3y agoWouldn't an employee making that $201k salary in another country be responsible for paying all the taxes to support the socialized healthcare, etc? In other words the take home pay may be significantly less.
- robocat 3y agoHere's the calculations for New Zealand in USD: Income tax: 34% total (top marginal rate of 39%). Leaving $133k. Other taxes (GST~VAT 15%, city rates, high petrol excise, etcetera) will easily take another $10k. Interest on your home is not deductible (NZ has very few deductables). People earning six figures will often pay for private health insurance and medical fees on top of the socialised healthcare - maybe another few thousand.
- rwiggum 3y agoretirement is covered by social security healthcare by insurance (offered by the state if you can't afford it yourself) homes, etc is true though and we just need to build more inventory IMO. but there are tons of areas with affordable homes, they just aren't near the big cities like NYC or SF or LA
- DonnyV 3y agoYou can not live on Social Security, no way. If you don't have a job your not getting healthcare and even if your job provides healthcare. Its too expensive to actually use. Also you need to be living below poverty wages before a state will give you healthcare.