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The salaries of Wikimedia executives are sparking an online debate about tech sector wages
(www.businessinsider.com)
this post was submitted on 14 Dec 2023
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Technology
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US salaries are just completely bonkers. 500k is "mid-level facebook"? What the actual fuck? Europeans are getting completely shafted. They are the cheap, qualified, tech labor of the US.
One reason tech companies are able to give absurd salaries is to suppress competition. If they can price everyone else out from good engineers, they can keep competition low.
Well, we don't have these kind of tech...uh..."foundations" in Europe. But execs in other companies are getting 500k...
Last I checked GAFAM exist in Europe but don't pay close to what they pay their US counterparts. European companies also have CEOs that earn millions but still pay their software devs way below 100k€/year.
Oh I agree with that, it's just that there aren't many CEOs that get 6 or 7 millions as salary in the EU. These people are making their money elsewhere...