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Re:German digital bank N26 is facing outcry from its staff o... by coldtea on Friday August 14, 2020 @06:03AM (#24155954)
>Once you give an employee a permanent contract, you cannot fire them except for a set of reasons defined by law.

Americans be like: "Shock! Awe! How would anyone ever hire an employee under such a requirement?!"

(Meanwhile Netherlands unemployed rate is ~ 4.3%, and the US one at ~10 - and the latter with lots of under-reporting, e.g. people giving up looking for a job, and so on).

Re:German digital bank N26 is facing outcry from its staff o... by Semaphor on Friday August 14, 2020 @06:13AM (#24156028)
> the latter with lots of under-reporting, e.g. people giving up looking for a job, and so on

Is that not the case in NL?

At least here in Germany, the government uses a lot of tricks to make the number smaller (we call it "Schönrechnen", calculating in a way to make a number look better)

Re:German digital bank N26 is facing outcry from its staff o... by coldtea on Friday August 14, 2020 @08:50AM (#24157186)
>Is that not the case in NL?

A little, but nothing like the US.

Re:German digital bank N26 is facing outcry from its staff o... by brnt on Friday August 14, 2020 @05:25PM (#24163475)
That is actually not at all true. Those seeking for more than a year are removed from the unemployment statistic, as well as anyone who's employed for at least one(!) hour a week (this was changed a few years ago).

The Dutch government is at least as skilled as making its people believe things are going well. Its a actually a bit of a rabbit hole, just like it is for Americans.

Re:German digital bank N26 is facing outcry from its staff o... by Semaphor on Friday August 14, 2020 @06:25PM (#24164030)
That sounds more like what I expected ;)

> The Dutch government is at least as skilled as making its people believe things are going well. Its a actually a bit of a rabbit hole, just like it is for Americans.

I think that’s most governments in general, sadly.

Re:German digital bank N26 is facing outcry from its staff o... by ArgyleSound on Friday August 14, 2020 @06:15AM (#24156033)
> Meanwhile Netherlands unemployed rate is ~ 4.3%, and the US one at ~10

To be fair this is not a very good comparison due to the European focus on job retention schemes vs the American focus on expanded unemployment insurance and stimulus cheques during the pandemic.

Re:German digital bank N26 is facing outcry from its staff o... by toomuchtodo on Friday August 14, 2020 @09:50AM (#24157906)
It's a tremendous comparison considering the European scheme worked and the American scheme was woefully inadequate and is causing incredible turmoil for tens of millions of people.
Re:German digital bank N26 is facing outcry from its staff o... by baud147258 on Friday August 14, 2020 @06:35AM (#24156166)
Well, in France similar laws exists and the unemployed rate is at 7% (but is likely below the actual rate, as you have to be actively looking for a job to be counted as unemployed)
Re:German digital bank N26 is facing outcry from its staff o... by disabled on Friday August 14, 2020 @04:44PM (#24163015)
> Well, in France similar laws exists and the unemployed rate is at 7% (but is likely below the actual rate, as you have to be actively looking for a job to be counted as unemployed)

This is effectively how the unemployment rate is counted in the US too: you have to be actively looking for a job (be a jobseeker) to be counted in the unemployment rate.

There are millions of people who are no longer jobseekers for whatever reason. Most often it is due to becoming more and more demoralized/demotivated (Americans statistically, adjusted for population, have this problem by far the worst of the entire developed world), having a legal record that makes a person virtually unemployable (we lock up our citizens at a higher rate than anyone else in the world), people having to be full-time caretakers for a family member (due to a lack of proper and adequately funded social insurance), disabled people trying to get benefits for several years—and often failing (Of the developed world, only in South Korea is it harder to claim disability benefits: this really says a lot because the perception around disability in Asia, but especially Southeast Asia is deplorable).

Re:German digital bank N26 is facing outcry from its staff o... by lumberjack on Friday August 14, 2020 @06:17AM (#24156054)
American salary: .... Dutch salary: .... American job market: .... Dutch or (even EU) job market: ....

They are not comparable. In the Netherlands and Germany it feels like the only employees who make good money are management. Engineers are never going to be rich from working as engineers. The only way to make it is to break into management, and the odds are against you.

Re:German digital bank N26 is facing outcry from its staff o... by moooo99 on Friday August 14, 2020 @06:55AM (#24156327)
Yes, these are very different job markets, and totally different markets in general with a very different cost of living. If you want to compare the job markets, you'd also have to take that into consideration.

The main reason why software engineers in the US make more on average are the FAANG companies and VC backed startups that pay insane salaries for their employees, primarily in the Bay Area with extremely high cost of living.

I don't think an entry level Google engineer making $120k living in the Bay Area can afford a better lifestyle than me making €60k (before taxes) living in Germany.

Re:German digital bank N26 is facing outcry from its staff o... by triceratops on Friday August 14, 2020 @04:03PM (#24162584)
Entry-level FAANG engineers make significantly more than $120k in the Bay Area. Other than vacation time and job security, their lifestyle is comparable to any salaried person in Germany, and they save a lot more money.

There are a lot of reasons to live and work in Germany, but money is not one of them.

Re:German digital bank N26 is facing outcry from its staff o... by filoleg on Friday August 14, 2020 @05:15PM (#24163378)
>Entry-level FAANG engineers make significantly more than $120k in the Bay Area

Yeah, people seem to conflate base cash salary with total comp, which is very misleading. Sure, you start making $120k in base salary at google as a fresh grad, and you top out at around $150k as a senior engineer.

However, the total comp ends up being mostly covered by stock, which is what drives that senior engineer total comp to be more in the $400k-500k range. And even at the fresh grad level, I expect the total comp at Google to cross $200k/yr easily.

Re:German digital bank N26 is facing outcry from its staff o... by exceptione on Friday August 14, 2020 @08:54AM (#24157229)
I don't think an entry level engineer in Germany earns €60K?
Re:German digital bank N26 is facing outcry from its staff o... by moooo99 on Friday August 14, 2020 @01:44PM (#24160892)
Well I do, but that's an above average salary. As an entry level you can expect 45-50k on average, but I still think that's a fair comparison
Re:German digital bank N26 is facing outcry from its staff o... by moragtoerag on Friday August 14, 2020 @12:09PM (#24159746)
We pay our juniors 50k in Berlin (hiring manager).
Re:German digital bank N26 is facing outcry from its staff o... by coldtea on Friday August 14, 2020 @08:51AM (#24157206)
>American salary: .... Dutch salary: ....

American standard of living (or lack thereof) vs Dutch standard of living.

Considering this, I wouldn't bother to compare the US vs Dutch salary:

https://www.cnbc.com/2019/01/23/most-americans-dont-have-the...

Re:German digital bank N26 is facing outcry from its staff o... by ivanche on Friday August 14, 2020 @06:52AM (#24156292)
While it is true that US salaries are higher then EU ones, you definitely can get rich while working as an engineer. With disciplined and smart investing, 40 years of compounding interest can work wonders. In some cases in can be even more - I know a few friends who started investing for their kids the moment they were born.
Re:German digital bank N26 is facing outcry from its staff o... by coldtea on Friday August 14, 2020 @08:52AM (#24157215)
>With disciplined and smart investing, 40 years of compounding interest can work wonders.

One problem is that this takes 40 years...

Re:German digital bank N26 is facing outcry from its staff o... by filoleg on Friday August 14, 2020 @05:18PM (#24163411)
Agreed, and it becomes an even more significant difference thanks to compounding interest. With the same aggressive level of savings, you can get to the same level in the US at a FAANG company in under 10 years easily. You can even make it a bit less aggressive, and still easily get there in about 10-15 years, while enjoying a way more relaxed and luxurious lifestyle than you would have in EU.
Re:German digital bank N26 is facing outcry from its staff o... by the_mitsuhiko on Friday August 14, 2020 @06:31AM (#24156136)
On the other hand non engineers in a company are likely to be better off.
Re:German digital bank N26 is facing outcry from its staff o... by klausa on Friday August 14, 2020 @06:37AM (#24156183)
Re:German digital bank N26 is facing outcry from its staff o... by lumberjack on Friday August 14, 2020 @06:52AM (#24156293)
How is that relevant? I don't care about the relative gap in whatever other country. I don't live in the US (although I wish I did). In Germany, I see average compensation for a SWE 65k€ whereas management at the same company can have upwards of 300k€. Especially bad if you work a tech job at a non-tech company. There is definitely a culture of rewarding management with money and employees with "stability" which means accepting lower pay in return for not being fired.
Re:German digital bank N26 is facing outcry from its staff o... by coldtea on Friday August 14, 2020 @08:55AM (#24157244)
>In Germany, I see average compensation for a SWE 65k€ whereas management at the same company can have upwards of 300k€.

I see that as a benefit. Less inequality, less golden parachutes, the average person making a better living with better public services and benefits...

I could not care less for special salaries that only apply to a small percentage, when https://www.cnbc.com/2019/01/23/most-americans-dont-have-the...

Re:German digital bank N26 is facing outcry from its staff o... by jashmatthews on Friday August 14, 2020 @11:02PM (#24165522)
The average US developer salary is about $110k so you're probably better off making €65k so they're not really much better off. If you have a family it's almost certainly a worse deal in the USA.

There are also places in Germany offering 2-3x that €65k in total comp for comparable roles as you see for the high salaries in the USA. Amazon Berlin, Google Munich etc.

Re:German digital bank N26 is facing outcry from its staff o... by boruto on Saturday August 15, 2020 @08:20PM (#24173649)
> Amazon Berlin ... 2-3x of 65k

Lol no :) more like 80k base and some stock for sde-2

Re:German digital bank N26 is facing outcry from its staff o... by jashmatthews on Saturday August 15, 2020 @11:07PM (#24174616)
Plenty of early stage companies openly advertise €75-80k base in Berlin on AngelList so that's a pretty low offer for somewhere like Amazon! My total comp at Airbnb Berlin was approx double that €65k quoted. An ex-colleague makes more than that at Amazon Berlin but at a higher level.
Re:German digital bank N26 is facing outcry from its staff o... by luckylion on Friday August 14, 2020 @06:26AM (#24156106)
Very accurate. And even if you're making good money, you're paying significantly higher taxes, will usually not own a house etc.

Might still be worth it for the benefits, but it should be mentioned.

Re:German digital bank N26 is facing outcry from its staff o... by WJW on Friday August 14, 2020 @06:52AM (#24156298)
Home ownership in the Netherlands is 69% vs 65% in the USA. Also the taxes actually pay for things like a public health system and police that have enough training to adopt a "talk first" strategy vs the "shoot first" strategy that seems to be so common in the states.
Re:German digital bank N26 is facing outcry from its staff o... by luckylion on Friday August 14, 2020 @07:12AM (#24156433)
Interesting, my experience is from Germany where it's much lower, barely breaking 50%.

As I mentioned: it might still be worth it, but I really dislike this whole style of "look, everything is the same, only we have X, Y and Z". It's not, there are trade-offs. If somebody likes those trade-offs (e.g. better job security for lower compensation), then they'll prefer it that way, and that's completely valid. But to pretend that there are no trade-offs (that is: to only mention one side of the trade-offs) is misleading.

Re:German digital bank N26 is facing outcry from its staff o... by smcl on Friday August 14, 2020 @07:27AM (#24156526)
Germany is famously a bit of a European outlier over renting vs ownership: https://qz.com/167887/germany-has-one-of-the-worlds-lowest-h...
Re:German digital bank N26 is facing outcry from its staff o... by wott on Friday August 14, 2020 @08:27AM (#24156995)
> Interesting, my experience is from Germany where it's much lower, barely breaking 50%.

It is not (only) a matter of capacity, it is (also) a matter of culture/habits.

In fact, if you look at various European countries, that's funny, because house ownership rates kind of go the opposite way of average wealth/income per capita.

Re:German digital bank N26 is facing outcry from its staff o... by moooo99 on Friday August 14, 2020 @08:28AM (#24156999)
Yes, home ownership in Germany is much lower thanks to urbanization, incompetent politics and other factors. Right now its at around 51%. Germany is last place in Europe and an extreme outlier. The comment you replied to for example referred to home ownership in the Netherlands which offers the same if not better employee protection and benefits, while surpassing the US in home ownership. Oh, and also the Netherlands is more representative of home ownership across EU countries, here are some numbers https://www.statista.com/statistics/246355/home-ownership-ra...
Re:German digital bank N26 is facing outcry from its staff o... by emn13 on Friday August 14, 2020 @06:56AM (#24156329)
It's not accurate at all - in comparison to the US. Obviously management having a pay disparity is common (which is in itself interesting, and economically not that obvious - more likely a social effect of a hierarchy), but the disparities in the US are larger. (The US has fairly extreme inequality compared to other wealthy countries, generally regardless of what you're looking at, so it comes as no surprise that it's the case here). Furthermore, the actual statistics likely under represent the issue, due to how stocks and capital gains.

If you mean to say the inequality in NL or Germany is unreasonably high - sure! But the US is even less equal.

Edit: https://www.cnbc.com/2019/08/16/ceos-see-pay-grow-1000percen... also looks at older income inequalities, and the development is pretty stark.

Re:German digital bank N26 is facing outcry from its staff o... by luckylion on Friday August 14, 2020 @07:10AM (#24156414)
> It's not accurate at all - in comparison to the US.

What? US SWE don't make significantly more money than EU-based SWEs? That's news, I'd love to see sources.

Re:German digital bank N26 is facing outcry from its staff o... by emn13 on Friday August 14, 2020 @09:38AM (#24157756)
The pay differential between CEO's and workers in the US is larger than that in the Netherlands, which is larger than that in Germany.

In general, high earners earn more in the US, which includes both CEO's and SWE (but the point about how easy it is to fire people and about inequality was more general, not specifically about SWE).

Re:German digital bank N26 is facing outcry from its staff o... by jakobbuis on Friday August 14, 2020 @06:44AM (#24156227)
Citation needed. Most engineers I know in The Netherlands (around 200) have bought their home.
Re:German digital bank N26 is facing outcry from its staff o... by moooo99 on Friday August 14, 2020 @08:30AM (#24157011)
His claim is simply false, see https://www.statista.com/statistics/246355/home-ownership-ra...

Even most blue collar workers I know own their house.

Re:German digital bank N26 is facing outcry from its staff o... by coldtea on Friday August 14, 2020 @08:54AM (#24157239)
>you're paying significantly higher taxes

For much better public services, benefits, access to health, etc...

>will usually not own a house etc.

The Netherlands have a higher home ownership than the US (67.8% vs 65.3%).

Re:German digital bank N26 is facing outcry from its staff o... by markus92 on Friday August 14, 2020 @06:48AM (#24156261)
Even most blue collar workers I know have bought a house, what are you talking about.