Re:Coders who trade: Wall Street designs its staff for the f...
by vasilipupkin on Sunday November 19, 2017 @07:42AM
(#15733646)
In Norway you get everything for free, education, healthcare, retirement, etc.
I'm sure that's part of the difference
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Re:Coders who trade: Wall Street designs its staff for the f...
by marvin on Sunday November 19, 2017 @11:05AM
(#15734406)
That isn't it; all the things you mentioned are paid through very heavy taxation, and all numbers we've been discussing are gross salary.
You could probably attribute a 14% difference through the "employer tax" which the US doesn't have (which is taken out of your paycheck before the gross salary number is cited), and arguably another 4% due to mandatory retirement savings. But it doesn't make up for it when the difference is 50%-75%.
Re:Coders who trade: Wall Street designs its staff for the f...
by vasilipupkin on Sunday November 19, 2017 @11:30AM
(#15734502)
Yeah, but when you retire in Norway, you will be taken care of. Not so in the US, so you need to save for that from that extra 50%.