Re:EU beckons Indian tech talent
by ChuckNorris89 on Tuesday December 24, 2019 @06:05AM
(#21871213)
Romania or Eastern Europe is not the reason tech salaries are low in Europe as the country may be poor but tech workers there make almost as much as their counterparts in western Europe due to low taxes and high competition for talent. A Romanian tech grad can make €2k NET salary out of University which factoring the low COL is one of the reasons very few chose to migrate west nowadays.
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Real reason of course, is that they can't pay more. Value they create is so much smaller due to the lower investment-driven leverage. Anyone who tried to raise VC funding in EU will confirm that.