Comment by 0x3f
2 months ago
It's Europe; salaries suck across the board. That's the market, so there are no competing offers. Then again it's incredibly hard to fire people. Maybe they should start a union after all.
2 months ago
It's Europe; salaries suck across the board. That's the market, so there are no competing offers. Then again it's incredibly hard to fire people. Maybe they should start a union after all.
I don’t give employees (and stable freelancers/contractors) the minimum I can get away with; I give them a fair share of the profits on top of their regular salary.
I’m not sure how common this model is in Europe, but it has certainly helped me keep my best employee with me throughout the entire journey and feel much less alone in my decisions—especially at the beginning, when things are harder.
Plus, it's just more fun to share when you can.
What are you even referring to? Salaries in many European countries are perfectly fine when compared to the costs of living etc. Inflated salaries with inflated prices for everything else aren‘t just better because the number is higher ^^
There's more to it than just "inflated salaries with inflated prices".
I took a 70% pay cut moving from Silicon Valley back to Europe. Sure, my monthly expenses were also about 70% less, and I was able to save roughly the same relative proportion of money.
The main difference is that, in absolute terms, what I was saving in the US before I moved amounted to more than what I was taking home after tax in Europe, let alone saving. That buying power went much farther (for a variety of reasons). Whether it was electronics, trips, a new car, etc, I could afford way more luxury there, with much less impact to my bottom line.
I have no regrets. My perceived quality of life is much better now.