The take-home on that is £35k. The median rent in London is £26k. I suppose the person making £45k doesn't likely live in London, but still pretty grim.
https://www.economist.com/special-report/2024/10/14/the-amer...
Americans are often blown away and kind of ignorant of how, relative to the rest of the world, they are really wealthy and well paid. Like, people have way less disposable incomes in other parts of the world, even developed countries. The purchase power of the USD and the power of the US economy is absolutely insane.
You're basically comparing "super specialised job in the middle of nowhere with very low cost of living" vs a "super specialised but much more needed job in multiple high cost of living locations" (Seattle metro area, LA metro area to name a few).
I realize this story sounds absurd to anyone who hasn’t experienced it, but my understanding is that this form of firing (“managing out”) is basically the norm for low performers at top-tier tech companies.
To get actually fired, you usually have to fuck up big time, like sexually harassing a coworker, stealing trade secrets, or trying to start a union. (That last one is a joke, sort of)
Quite! A top 10% earner in Finland, a supposedly very developed country, by saving all of their net-income spending zero on food and letting their SO pay the bills, could in 2-3 years afford a new Skoda.
The US is not a developed country, rather it is a particularly rich third world country.
Most Americans get employer-provided health insurance, which costs money (the amount specified in the DD section of the W2), and its often in the $1500/month range. That DD amount isn’t part of your income or the salary Glassdoor mentions. It’s an added benefit of top of that.
In the UK and elsewhere, around $500/month/person in taxes pays for your healthcare. That’s essentially subtracted from your income. So the uk income is even lower when you subtract the taxes the NHS costs.
