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Outside of finance most profitable businesses do not have a culture of paying out those profits to the workforce, they pay management a lot and everyone else as
by justincormack 13y ago
Outside of finance most profitable businesses do not have a culture of paying out those profits to the workforce, they pay management a lot and everyone else as little as they can. And don't forget that most businesses are not very profitable anyway. Europe has very few large profitable internet businesses, and not many small ones either. Bootstrapped businesses like to invest in growth not salaries. Many non startup businesses have low productivity.
London also has a large supply of people coming from other countries as the job market is much better here, and these people will often accept fairly low pay as it is higher than what they would have got at home.
- me2i81 13y agoWhen I worked for a large multi-national (quite a few years ago) I brought some software engineers working out of one of our UK offices onto our team because of some collaboration initiative. I was surprised not only at how much lower their salary was than in the U.S. (I was in Palo Alto, CA at the time) but how much shit they put up with that software engineers in the US would say "fuck off" to, hoops they had to jump through to advance, wearing neckties, yes sir, no sir, three bags full sir, etc. It felt like being in high school or something. I felt bad for them, and they were good engineers.
- jiggy2011 13y agoUK Business also seems to be somewhat more conservative about technology choices from what I can tell. So being the type of developer who can get up to speed on new technology is not necessarily so useful as it might be in the US.