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glassdoor.com - salary info, often outdated, but useful for small companies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
blog.pragmaticengineer.com/software-engineering-sa… - article talking about high tech salaries in Europe

If you enjoy this kind of content, check out my website, 🌏 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: gregory@notonlycode.org
🐦 Twitter: @GregoryW