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Why tech salaries in Europe are so low (compared to US)?

Hi folks, welcome to Not Only Code! First, some announcement: I'm doing a LIVE STREAM. Tune in on 6th of September (Tuesday): * 7pm Central Europe * 10.30pm India * 1pm East Coast US * 10am West Coast US In this video I'm talking about software developer salaries in western Europe and explain why US companies pay so much more. 🎥 Timeline: 0:00 Intro 1:15 Where to find good data 2:18 Reason 1 - US is richer 3:38 Reason 2 - Salary vs benefits 5:20 MAJOR reason - US tech companies are rich 7:04 MAJOR reason - competition for talent 9:16 Thoughts on immigration 10:43 EU devs don't look for better jobs 13:20 Thoughts on living in Europe 14:30 Summary 📝 Data sources: * levels.fyi - tech salaries, mostly in big tech companies * techpays.com - tech salaries in Europe * payscale.com - some average quality data about salaries * glassdoor.com - salary info, often outdated, but useful for small companies * howmuch.net - info about revenue per employee * statista.com - info about revenue per employee, salaries, other stats * 247wallst.com - profits per employee info * teamblind.com - anonymous tech discussions * https://blog.pragmaticengineer.com/so... - article talking about high tech salaries in Europe If you enjoy this kind of content, check out my website, 🌏 https://notonlycode.org, where I publish more in-depth articles about software development. As always, if you have any questions, suggestions or feedback, you can contact me: ✉️ email: [email protected] 🐦 Twitter: @GregoryWitek