Re:How much I made as a good Engineer at Facebook
by wreath on Thursday December 03, 2020 @04:41AM
(#25287281)
This has been my experience. I have 25 vacation days, medical coverage is NOT free, as I pay it from my gross monthly income (around 400 euros per month) and waiting lists for an MRI are weeks or months long and generally it's very superficial coverage for a healthy person in their 30s.
Income and other taxes are damn high for what you actually get out of it.
Re:How much I made as a good Engineer at Facebook
by durnygbur on Thursday December 03, 2020 @06:10AM
(#25287755)
The quality of social services and healthcare in EU countries is grossly overestimated. One can easily be left behind with no support American-style in countries like Spain, Italy, Poland, Czechia, not even mentioning Bulgaria or Romania. In countries with developed services and healthcare like Germany of Finland, the language barrier will heavily handicap one's ability to even benefit from them.
One simply sees their paycheck cut by ~40% monthly and in case of crisis situation is always put at the end of the queue as a low priority applicant. That's ranging from irritating to infurating depending on the urgency of one's problems.
Re:How much I made as a good Engineer at Facebook
by varispeed on Thursday December 03, 2020 @08:57AM
(#25288830)
My experience with "free" healthcare is horrible. I almost died because of waiting times and incompetence and it costs so much in tax, I could pay for a quite comprehensive private insurance for the money and you most of the time end up paying privately anyway, although private healthcare is not as expensive as in the US.
Re:How much I made as a good Engineer at Facebook
by riknox on Thursday December 03, 2020 @04:37AM
(#25287244)
That's the unfortunate reality of working in Europe I think, especially in a lower cost of living country. I've just moved from Germany to the UK, and my salary has increased in gross terms (and an associated significant increase in net), but I lose many of the German provisions/safety nets that the high taxes pay for over there.
Re:How much I made as a good Engineer at Facebook
by bawolff on Thursday December 03, 2020 @04:40AM
(#25287268)
In California, if you're making over a million dollars you're looking at 50.3% marginal income tax i believe, which is a lot more than the 35% cited by the parent as "expensive" and you're probably getting a lot less
Re:How much I made as a good Engineer at Facebook
by randomchars on Thursday December 03, 2020 @05:03AM
(#25287417)
I can say without hesitation, that that's a problem I'd like to have.
Besides housing, healthcare, and maybe barbers, everything is either cheaper, or costs the same as it is in most of Europe.
Re:How much I made as a good Engineer at Facebook
by cosmodisk on Thursday December 03, 2020 @05:06AM
(#25287441)
So you'd still keep 500K, right? I could live with such salary,even in SV
Re:How much I made as a good Engineer at Facebook
by 0xfaded on Thursday December 03, 2020 @07:17AM
(#25288131)
You're forgetting about the tax deduction for interest payments on your home, which you've front loaded so that you only pay off the principle after you've retired.
Re:How much I made as a good Engineer at Facebook
by DoingIsLearning on Thursday December 03, 2020 @04:40AM
(#25287267)
Genuine question, I have always wondered about this regarding EU based FAANG roles (I am making the leap that you are EU based):
How statistically common/likely is it for EU based engineers to move to the US on a L-1 visa, specifically at google?
Unfortunately none of these are uniform across Europe. I only have 20 days of vacation, medical coverage is horrible, with 2-3 month waiting lists for even an MRI, and education is absolutely horrid.
I wouldn't even call them free, nor cheap: income taxes come out to about ~35%, and VAT is the highest in the world.
And to add on to that, achieving compensation above ~80k usd is basically impossible. With ~3 years of experience I barely get half of that at a Google L4 level equivalent.