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I know the rates in the US are higher, but I'm curious to know why? The standard of living in an average European country is way higher, and the tax is higher a
by sigkill 14y ago
I know the rates in the US are higher, but I'm curious to know why? The standard of living in an average European country is way higher, and the tax is higher as well. So is it basically the demand supply scenario or what?
- nicholassmith 14y agoI've never seen anything about it but I always assumed it was the Valley effect.
- sigkill 14y agoDo you mean the Silicon Valley? But that doesn't explain the other places on the East and West coast.
- nicholassmith 14y agoI do indeed, but it's sort of an increase by default. SV pays that level so to attract you have to price accordingly, or that's my shaky not based on anything but gut feeling theory.
- nfriedly 14y agoI suspect that debt plays into it. Americans, particularly ones fresh out of college, tend to have a crap-load of debt. Then they "demand" higher pay because they literally can't have the same standard of living without it. Although I could be wrong. I certainly don't know much about how Europeans view debt.
- sigkill 14y agoMaybe you're right. I've heard that education in Europe is pretty cheap. This could be one of the major factors for having "good enough" salaries. Also, in the US, you need insurance for everything, unlike Europe with public healthcare (I'm not sure how many countries have free health though). So, that could be one of the hidden costs as well.