Some of the stuff in this article may be fine, and trying to raise money is certainly harder in Europe, but I thought one of the biggest drags on Europe's tech industry is poor pay for engineers and other tech talent?
In the U.S., going into a tech career can be one of the best ways to make a high salary quickly -- especially without needing an advanced degree. Without this incentive, you'll have a lot less people pursuing education and careers in these areas.
A software engineer makes like 50% more salary (let alone all of the other stuff) in the Bay Area as they do in London. London is a really expensive city that pays certain industries a ton of money.
The reason US developers are paid more is because US startups are much more successful. As to why they are so much more successful is a different question.
Also, the US dollar being the defacto reserve currency and it currently being incredibly cheap helps quite a lot.
The US is basically the only country being able to borrow directly against natural resources (which it has plenty off, especially compared to the EU).
This is circular logic. The US is more expensive because it has higher median wages. Its not like its a remote island with a few hundred people which would make logistics difficult.
That is right. FAANGs make more money, pay people more, real estate investors raise cost of housing, people have to pay more, so fangs need to pay more, etc etc.
I think the poor pay is actually a result of the difficulty to raise money in Europe. Smaller funding rounds leave less room for SV-level compensation, which drains talent to higher-paying economies.
In the U.S., going into a tech career can be one of the best ways to make a high salary quickly -- especially without needing an advanced degree. Without this incentive, you'll have a lot less people pursuing education and careers in these areas.
A software engineer makes like 50% more salary (let alone all of the other stuff) in the Bay Area as they do in London. London is a really expensive city that pays certain industries a ton of money.