Holy crap. That’d be a pretty substantial cut for me, but I guess that said, is the COL a lot less?
Afaik it’s similar here in Germany.
BUT you need go remember: We have social insurance and don’t need to pay 5000$ when taking the ambulance etc. etc.
So if you exclude that we may come close if you need to see a doc on the regular.
Even then it’s a pay cut. I know some people who moved to NA, and egotistically it’s a sound decision because engineers there are on the right side of the wealth disparity ravine. Money’s good enough that you don’t need social safety nets. And if push comes to shove, someone making $100k/y can definitely afford health insurance and the occasional trip for medical tourism.
Now personally I believe in income redistribution so I’m happy to pay a lot of taxes in one of the most income-egalitarian countries in the world. But I’d make a shit-ton more if I lived&worked in Luxembourg or Canada.
I did the math a few years ago when Trump was president.
I currently make double in America of what is made in other countries. It was something ridiculous like even if I had $35k a year in med expenses, I’d still be making more in the US.
Either American engineers are paid way out of proportion, or the rest of the world pays poorly. Either way, I’m going to ride this train before Skynet replaced me.
Then you need surgery and your COL is already >50% of your net income and you are a 100k in debt. And assuming you have savings, I’d rather spend them on myself (vacation etc.) rather than brace for my bankruptcy because I stood up wrong.
Now personally I believe in income redistribution so I’m happy to pay a lot of taxes in one of the most income-egalitarian countries in the world.
So same for me
Yes, depending on where you live rent might be similar (London isn’t much cheaper than NY or LA) but cost of living is otherwise less. Also, people tend to work much shorter hours (a limit of 37 for me, any extra is returned as PTO) and start with much more annual leave (25 days discretionary, for me, plus public holidays, plus we close over Christmas and new year’s). Furthermore there’s no health costs to pay etc. On the whole it balances out and I think the lifestyle here is better, but I do envy the extreme salaries of those in the US.
As someone in the US, 40 hours per week is the minimum. Recognition for “being a hard worker” has required 60+ hours at some places I’ve worked. This is for a fixed salary and no overtime pay, mind you. Then you’re usually on an on call rotation every few weeks where you may have to work off-hours if something comes up. That’s additional unpaid hours. My current company pays $80,000 USD for new college grad software developers.
US holidays are 8-10 days, and junior devs usually start with 5-10 days of vacation. Health insurance costs at least several hundred a month (your employer also pays about 3x more than you towards your insurance premium as a benefit).
You’re actually getting applicants at 80k? That’s nuts. Last I checked fresh outs were clearing 100k.
It’s not too crazy here :) 25 days a year is the legal minimum and I get about 10 more than that, plus a few extra from doing overtime here and there. That’s why I say the lifestyle is on the whole better here even though we don’t earn nearly as much. It’s still plenty to pay the mortgage, and Europe is right on the doorstep to spend all that holiday time in.
