Re:EU beckons Indian tech talent
by throwaway15884 on Tuesday December 24, 2019 @10:18AM
(#21872559)
Throwaway because I founded a startup in Europe and don't want the name associated.
I blame European R&D subsidies for this. Basically anything you can imagine a software engineer doing can be subsidised by an EU Grant.
These grants are usually paid as a reimbursement for hours worked, i.e 42% up to a maximum of 100€/h including overheads. Therefore companies maximize hours by favoring multiple cheap engineers.
My hunch is that more jobs are salary capped due to this than immigration, and if the salaries actually went up then the job positions would basically evaporate.
Don't get me started by the ridiculous wastes that go into administrating these grant programs. I tell my European friends: Europe administrates its wealth away and saves whatever is left over.
I blame European R&D subsidies for this. Basically anything you can imagine a software engineer doing can be subsidised by an EU Grant.
These grants are usually paid as a reimbursement for hours worked, i.e 42% up to a maximum of 100€/h including overheads. Therefore companies maximize hours by favoring multiple cheap engineers.
My hunch is that more jobs are salary capped due to this than immigration, and if the salaries actually went up then the job positions would basically evaporate.
Don't get me started by the ridiculous wastes that go into administrating these grant programs. I tell my European friends: Europe administrates its wealth away and saves whatever is left over.