alt Hacker News> With a few exceptions like Switzerland, American levels of compensation for highly qualified people just can't be matched anywhere in the Western world.
Gross compensation yes. But if you begin deducting stuff like the absurd American housing costs, private healthcare, saving up for deductibles, the need to own, insure, fuel and maintain a car to do everything because almost nothing is accessible by public transport, retirement savings, everyday stuff such as restaurants being made much more expensive than what's on the paper because of mandatory tipping, saving up for your children's academic degree while paying off your own student debt, hell saving up for having a child (just the birth will be 20k out of pocket [1]), saving up for times of un(der)employment... suddenly most of Europe becomes pretty affordable if you are not on FAANG levels of compensation.
[1] https://www.investopedia.com/how-much-does-it-cost-to-have-a...
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I've done that math too and the other reality is that most of those costs are optional in the US.
It is 100% possible for me to have a high salary in the US and save most of it while temporarily exposing myself to larger risks. And it is far more useful for me to be able to say and show that I have a high salary, for access to credit and resources, private investments that give me the best shot of escaping a permanent underclass.
Of course, I don't want to budget, nobody wants to given the choice, so I pay for the conveniences and assurances that I can afford.
But even if the margins are smaller, the absolute numbers are great. If you aren't living paycheck to paycheck due to debt and lifestyle inflation, then you are really saving thousands of dollars a month. potentially many thousands. a single one of those is enough to travel around the world, it's just the irony that we have to come back to the US very soon in order to continue making that money. its enough to attempt to make a homerun in our capital markets on a equity name.
So, sorry commonwealth and Europe, you really don't compete on that front for people that don't already have capital. The wages are just too low.
In fact, the wages are ironically sooooo low that their main selling point - social welfare - is at parity to Americans on welfare! Who do have healthcare without premiums in some states, subsidized higher education in some cities, and more. So the systems aren't really as different as billed. Saying it another way, a European/Commonwealth citizen making their same salary in USD would get the same benefits in some parts of US, just losing all of their social standing in the process.
And finally, when Americans do earn their freedom back, with unlimited sums of money, Europe and Commonwealth countries once again become uncompelling, because the US has a more expensive, larger, funner version of everything those countries have to offer, while our US Gentry experience a different form of social welfare supporting themselves.
The incentives to really exit the US system aren't quite there. As another person mentioned, Switzerland is closest. Switzerland and schengen access is pretty appealing to me as well.
I mean the salary difference is a few hundred k, so this all just reads like cope.
Still, until Trump started his latest round of madness, we had a huge brain drain from the EU to US and not vice versa. Were they all stupid?
They weren't. Our highly taxed and relatively stagnant economies are more affordable & attractive for poorer people, but the well-paid professional class was simply better off in the US. Especially with some optimizations, such as: get your professional degree for free in Germany, then move to the US for its high salaries without a debt to pay.
Can you provide some calculations of being able to afford anything at all for a, say, software developer earning 80k per-year in Paris, Berlin or Amsterdam and compare that to 280k in the Valley? Some of those are completely terrible (SWEs I know who work in Paris can't even afford to rent in the city itself and there is no realistic way for them to ever buy anything in there), others are okayish but definitely not great. And most of those supposed benefits you listed are payed by outrageous taxes on so-called "middle" class, which (surprise!) are exactly those SWEs (others you just disingenuously omitted like retirement contributions which would be close to 20% of your salary in Munich while simultaneously highlighting 401k).