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* glassdoor.com - salary info, often outdated, but useful for small companies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