Being 30 and living in Germany, I do as well considering leaving. This country is run by the pension-age voting block, leading to stagnation and slow development. I do not see a way to build a life here.
As an european software engineer (portuguese) I started working for the US simply because the salaries/taxes in Europe make absolutely no sense for the high cost of living. I don't want to spend my whole life working for pension-age voters who rather see Europe stagnate than to put any risk into their lives
Government issued pensions are a retarded system. It allows people to spend more than they can afford and then leech off the productive population. Pensioners are turned into a parasite in this system
A non-EU person here. I would say it’s bureaucracy and risk aversion for EU companies. Even after finishing a master’s degree in IT and telecommunication technology, plus having done an internship here, it’s still hard to find a job. Most of the companies simply rejected my application because they don’t want to go through the hassles of sponsoring a working visa for me, or they only want to hire an already “very” experienced person to justify the visa application. I rarely passed the CV screening phase. These are not my guesses but the HRs directly told me these reasons. It feels so weird to go to job fairs and got all the negative feedbacks, then see the news about severe lack of engineers especially in IT on the way home. Even I am open to lower salaries compared to the US for the quality of life, plus that language is not a problem for me (I speak English, French, and German and willing to learn a new one if necessary.) When you consider that this country has spent a lot of money and resources supporting my studies just to prohibit most of the opportunities for me to contribute to the economy, surely I wonder why there’s a brain drain problem.
Well if it makes you feel any better, I am an EU citizen and I am in the same situation. I moved to Germany for a master's degree in IT and also find it hard to get a job. My German is level B1 at the moment so evidently I need to keep learning. I just think it's weird that I see news all of the time that the country needs skilled workers, but most job positions require fluent German, even when most Germans already speak English anyway (especially in IT), so I unfortunately have to miss on a lot of opportunities
@samethingsmakeuslaughmakeuscry worst part of it is, that you are the maligned construction worker that is just a tool. you do as you're told. your expertise doesn't matter. Even when getting into a job you know that after 2 years being there you are unemployable because of their weird tech stack and their resistance to actually evolve into a work space people want to work at...
This is how junior developers are treated everywhere, it’s not a unique situation for EU. Competition for entry level positions is fierce and your degree doesn’t really matter beyond ticking one box.
Stay rate statistics comparison at the beginning (0:27) is utterly useless. You would need to compare EU or European stay rates to US stay rates for it to make some sense, as between postdocs basically requiring you to move to another institution and most European countries having just a few universities (just because of population disparity with the of US), you are basically guaranteed to have much higher move rates of fresh PhD graduates within single EU countries. For those leaving academia I would also expect migration _within_ Europe to be quite high, with the freedom of movement. I would expect EU stay numbers to be roughly between US stay numbers for the country and aggregate stay rates for each of US states, even if there would be no brain drain from Europe at all..
I am a highly educated person that moved to Netherlands from the US, and this is pretty common. It was really rare for me to meet highly educated Europeans that immigrated to the US during my entire time living there since birth.
He also talked about 1.5 decades of stagnation lol what statistics did he look at Also, the entire video summarizes pretty well how Americans see Europe, as one big country. Thats just not the case. Some European countries like Spain have problems with youth unemployment that others dont have at all. The problems are vast and to group "Europe" into one when youve got 27 different economies, societies and generally systems that differ greatly simply makes very little sense. Apart from being absolutely 0% representational
The salaries are too low, the taxes are too high, the bureaucracy is overbearing and slow, capital is extremely risk averse. These are the reasons that everyone gives and they are true. However this video and most overlook one thing in particular. Europe is terrible at integrating immigrants into your culture. One of the main reasons that these talented immigrants are choosing the US is because integration into society in the US is not that difficult and within a generation is basically done.
Well, the reason why integration in the US is so simple is that the US doesn't have a culture in European sense. Its culture is essentially 'everyone and everything looks at the money, rich is good, poor is bad, throw life in the bin, if it means you can make money now since you can enjoy life later when you have accumulated your wealth'. It exports this value to Europe and people who migrate have already bought into this. The other side of this coin is that it creates immense inequality which leads to lots of people feeling the promise is broken. Therefore, this system is backfiring causing people to go back to Europe.
Europe has given plenty to migrants over the last ten years to make them settle with hefty welfare policies often removing resources away from EU citizens. There's nothing you can do when foreigner don't want to integrate to their new host country. You can lead a horse to water, but you can't make them drink.
I agree with all that, its true. But would you really live in the US? I know I wouldn't, the daily communication is so fake, the mainstream culture is terrible, obesity, public infrastructure, healthcare etc, it's just so Third world country vibe. And I am saying this as a right wing voter, not a leftist. I have to admit I don't know how to fix Europe but I know I would consider becoming more like the US culturally as a dystopia. I don't want migrants to become such a big part of my country that we need to change customs, call Christmas a "holiday" instead of what it really is etc. Below 10% of migrants is fine, everything above is a threat to the society and does more harm than good. What I would advocate for is lower taxes, more accountability of the bureaucracy, less Brussels, deregulation etc.
@@BozaCukuranovic3223 you think people in europe aren't fake and that everything isn't fake in europe now ? All those religious/cultural customs are just capitalism now , i work in restaurants and all of those customs are there to make the most profit possible out of it and everything revolves around it and it kills the real spirit of the place (i live in a famous small city in europe that is hyper touristic now and it's a nightmare for the quality of life and quality of life at work , you have more work over time that you must do faster and your pay doesn't go up and the one doing that to you pretends to be into customs traditions blablabla while he's just a buisnessman what a joke).
Software engineer here. 27k salary / year BEFORE taxes while 350k average price for a house. You need around 80k saved up to get a loan. The minimum wage is 24k. So why would anyone with brains and ambition stay here?
Because North America is a shit hole if you study it. Our suburbs look nice only because they’re new, and they generate no profit due to insane zoning laws. So in 15-30 years you have roads cracked to shit and a neighbourhood that looks impoverished because the town that has no businesses and nothing but residencies is too financially insolvent to fund its own upkeep. Here in Canada you have to be making at LEAST 6 figures if you want to live anywhere nice. Oh and don’t forget, if you want to go anywhere off of your own property if you don’t live directly in the downtown of a large metropolitan city, then you MUST use a car to go absolutely EVERYWHERE because public transit is completely nonexistent there. The US and Canada is an urban hellhole, and the high wages are just there so people can spend their time being a consumer and buying things with the illusion they’re rich. Trust me, the US and Canada is a miserable place. Edit: Just so you can grasp what I’m saying, here in Canada you can expect to pay 800k - 1M CAD for a house in the suburbs next to literally nothing but other houses. In the US the prices are more affordable, but their suburbs are EVEN WORSE than ours. The only thing keeping me alive these days is the fact that I’m not an American because I’m sure that I’d despise my life if I was.
@@slendii366All that is true but you can't deny that software developer incomes are much higher in the US (not Canada) than anywhere else. I would love to be able to move to the urbanist paradise, the Netherlands, except Amsterdam has the living cost of Queens, NY with the salary of Jackson, Mississippi, and taxes higher than Quebec. I'd much rather save up money in the US and then find a way to retire in a less car dependent place.
@@4775HpPjcooldude The thing is there are a LOT of people applying for thos jobs now especially when they get offered as remote Jobs. With the recent layoffs there are a bunch of Software ppl unemployed in the US as well ...
Ok, 140k BEFORE taxes is a reality in the Silicon Valley today. But, housing and food are, probably, 20 times higher compare to Bulgaria, which you are describing. So the equal standart of life is 400k in the Silicon Valley, except prices for electronics. This is really rare salary.
I am British and worked in a Spanish research facility (renewable energy) for 2 years. I was kicked out after that due to lack of funding. My observations of southern Europe, Spain in particular, was nepotism was endemic. This meant very poor quality scientists were employed in my institute. We even had a husband wife team get employed. He got her on despite her not having the right background. Also being in Catalonia, there was a heavy biased to Catalan born and raised people. International people, even Spanish from other parts of Spain, were overlooked for inferior quality Catalan. So politics, nationalism, even regionalism can have an effect inside the European workplace. Just my anecdotal view.
@@sebastiendeloup4196 That is because the politicians betrayed the will of the people, Brexit was on the grounds of immigration and since then they have flooded the country with third world filth, which has ruined the economy and QoL.
As an european I sometimes have the impression f living in a old dusty museum, where everyone is afraid to move or change anything. Here the history cover too much the horizon.
True. Then in the US people no longer know what a man or a woman is, and a new species of humans, the fentanyl zombies have also been discovered. As bad as Europe is, the US is worse.
Nah it is not the fault of history or pretty old buildings. Many things changed just in the last 30 years here, some were pretty major, just not for the better.
I started a PhD in Germany, at one of the best universities as well. It was junk. Absolutely awful conditions for research, outdated equipment, lack of funding and cumbersome, untransparent processes for obtaining it. So glad I left after a year and never looked back.
@@swoldier7308 try studying in America, you will find you spent a fortune and went into crippling debt to learn nothing (unless you are studying a STEM or professional degree) and party for 4 years. And then you will blame society for your poor choices and demand everyone including those who didn't have the opportunity to go to college be financially responsible for said poor choices.
I am an American living and working in France for the same EU company I was with in the US. This is a topic we discuss a lot. One thing that often gets missed is simply the rigidity of educational/corporate culture in Europe. I can only really speak for France but it's my perception that young people have an incredibilly hard time progressing in their careers here. In the US, if you're a top talent and work really hard you can progress rather rapidly. In Europe, it is much harder to A) skip "levels" in the company you're in, forcing people to sit in positions until they have enough "time" or reach salary minimums set by the unions for advancement B) switch "paths" (i.e. go from HR to Finance if you don't have the degree) and C) completely reinvent yourself if your original plan didn't work out. I'm in my early 30s now and quickly completed 2 degrees while rising in my company after picking up the pieces of what I can only describe as a complete and total failure at the age of 27 (though I have to admit it was the best failure that could've ever happened to me). If I was European, I can tell you my life would've worked out completely differently had I not been in the US when I needed to return to school and start over.
This. Moreover hirings in european countries seem more nepotistic (they find the excuse of the local language). I am in your same position, decided to study the wrong subject (it's not a degree in the humanities but mechanical engineering) and I can't go back, making 1600€/month with which it's impossible to start a family. Moreover I'm in Southern Europe and youth unemployment and exploitation is far worse than one can imagine.
I'm also an American working in France but I arrived via marriage. What I see in corporate French jobs, is employees who really dig their claws into their job as the strategy is to prove your loyalty through years of sticking around, playing the long political game to finally rise a few steps. Anytime I interviewed with someone who spend 30 years at the same company, I have this feeling like the environments aren't very dynamic and expect you to be under them forever. They advance slowly if at all due to workers able to not work and not get fired.
@@Moribus_Artibusin some ways a absolutely, but there are great things about both. Personally I prefer the overall lifestyle in France, but I think it’s a bit simplistic to say one is better than the other overall. It just depends on what you want to optimize for.
@@SurpriseMeJTGood observation - I completely agree. Overall the protections in place are good, but it definitely leads to some interesting attitudes with some people. I recently saw a colleague’s calendar which was completely empty except for daily Pilates classes followed by 1,5 hour lunches. It was mind blowing… but she’s doing her time in a specific department so that she can move to somewhere else in a few years.
When I think about where I want to live, I think where I want my children to grow up. It's not about salary, but about environment. But I believe there are not many people who think the same way.
I don’t think active war zones are good places to raise a family. The war in Ukraine will eventually expand to other countries in Europe, so enjoy boasting about your “superior” quality of life until it exists.
Good public services so you don't have to buy expensive solutions for helathcare and education Good infastructure so you don't kill your mental health on highways and traffic jams climate friendly policies so you can breath fresh air instead of smog and gain 10 extra years of life expentancy because the food is good and there is huge trucks and SUV's polluting around every corner.
The EU's priority is regulation over innovation. Unless and until that changes, many ambitious young entrepreneurs will choose to move to the USA. The companies they set up then offer even more opportunities for ambitious young Europeans. Europe is in economic decline and it might be too late to fix it.
What changes to economic and regulatory policies do you want in return in the EU though? American firms are known to exploit their workers as much as possible, tech companies having no checks and regulations (as made evident by for instance cookies being pretty much forced upon people in the US in comparison to the EU where its a choice to accept non-essential ones or not) and firms even assassinating whistleblowers for revealing management and safety issues at major aircraft firms (point in case: the recent case with Boeing). I don't see regulation as an issue as much as extreme bureacracy as small businesses in Germany have to do so much to merely keep up the status quo, not to mention actual progress and growth.
The way to fix this is protectionism. US and other countries have a competitive advantage over the European ones due to exploitative practices. This needs to be offset by tariffs to encourage more ethical domestic consumption. The US is doing this with China. And China to the US is the US to the EU.
@@Jay_Johnson The way to fix this is by European companies beginning to pay their professional workers higher salaries. If a worker knows he will be better compensated for his work elsewhere, you can't blame him for leaving.
@@baileyharrison1030 I think the limiting factor for innovation within Europe is investment not human capital. Maybe I'm projecting but that is definitely the case in my country where there are far more graduates than graduate level roles. Investment in capital is needed to create more jobs moreso than the attraction of foreign skilled labour. The oversupply of skilled workers is what is driving down wages and encouraging people to seek better compensation abroad.
I'm a 35 year old software engineer from Europe. I should have probably left when I was 25, I'd be rich now and could come back with a big stash of cash. ... Is what I think before realizing that I started dating my wife around that time, and she's one in a million. Not everything is work.
For average Joe, Europe (especially Northern and Western Europe) is better. But for very high skilled people US might provide advantages. But I still think it is good to move to US in your 20s-30s and move back to Europe in your 40s. In your you younger age, you want to work hard and grow your carrer but after mid 40s, you want to take things easy, focus more on work-life balance and focus on other things that might interest you.
yeah i have a friend who works as an SWE and he's talked a lot about spending the next 15ish years maximizing his earnings potential and building wealth, then moving to europe where he can buy and doing what he calls a "soft retirement"
Which means that Europe ends up paying for a person's education, the worker pays taxes in the US during his most productive years, then returns to Europe to have his medical expenses and retirement paid for by Europe.
What you said literally makes no economic sense. Your later years, 40 to 65, are the ones where you can command a higher salary. Why would you consider moving back to europe where the wages are lower and the taxes higher?
@@Mastercane98 Because you want to go back to your roots and spend your late time in your home country. (whispering in your ear): But very few actually do it for the exact reason you said.
Oh yeah, the art and science markets in Europe are miserable. European leaders and studio / company / agency owners are very conservative. They like to hear you use words like "innovative" and "outside the box" at the interview, but when it comes to practice they don't want you to innovate, that's not allowed. And starting your own business is not realistic unless you come from a rich family.
The question is if a person doing a PhD in the Netherlands or Luxembourg will they stay in EUROPE. It's not very useful to compare the Netherlands to the US in this regard. If a person graduated from a university in Massachusetts it doesn't mean that they will stay specifically in Massachusetts and not move to a different state in the US. Most people I know who graduated from a university in Europe stayed in Europe but not necessarily in the same country in Europe.
@@prohacker5086 literally anywhere in Europe... Just because you finished your PhD in the Netherlands doesn't mean that you won't find a position in literally any other country in the continent just the same that if you graduated from a university in Massachusetts doesn't mean that you won't move to any other state in the US. Staying in the US after graduation there vs staying in the Netherlands after graduating there is a false equivalent and frankly the fact that a full third of PhD graduates stay in a small country like the Netherlands is pretty amazing.
@iftyhargil8359 the difference is that the US is a country, so you can go anywhere and the statistic is about students that stay IN the country. EU is not a country, the Netherlands is. Hence the report.
Hey everyone, As you can tell, I temporarily lost control of my hands in the making of this video (and one previous one). After a stern talk, they are back under control, and should no longer annoy you in future videos. Thank you for your understanding, Hugo
Just wondering, wtf were you thinking when you picked the colours for that brain drain bar chart? I literally had to find an IPS screen to be able to distinguish the yellows, they're not even visible on my old oled. Out of the millions of colours available "no, yeah, let's just use shades of yellow for the whole thing"
This video partly falls victim to the old problem of grouping "Europe" into one. This is an issue thats vastly different, caused by vastly different factors when comparing individual european countries.
I mean, the basis of whole channel is guilty of this😂😂. The biggest issue though is that whenever he says “Europe” he quotes mostly EU statistics. When Europe is bigger and more complex than the EU. It’s a bit of a EU Propaganda channel.
@@airhabairhab Generally yes, the entire channel is based on that but the difference is that there are issues where it makes sense. If we talk about EU legislation etc. (with european economic zone this also includes countries outside of the EU so most of Europe is in some way associated with that. Maybe other than very eastern ones like Belarus but yeah idk if thats relevant). It makes sense with certain topics, this one is just wildly off. Brain drain is a complex issue and also happens inside the EU which is why its not as easy as to say "all skilled workers go to the US" which is just factually incorrect. Also, some of his points about stagnation for more than a decade (is he looking at Greece only here or whats going on lol) or immigration not being a factor (Germany is still the 2nd most immigrated to country after the US in the entire world, idk if that allows the assessment everyone just moves to the US, if thats Europeans, Africans or Asians). TLDR there are many topics where it makes sense to group Europe/EU together into one, brain drain is far from it tho
He's not saying all skilled workers go to the US. He's saying a large chunk of the most innovative and entrepreneurial Europeans go to the US and trying to find thr reasons for it. The comments here can't see the forest for the trees.
The various states in the US also differs greatly among themselves, especially in law. I think InEurope did a great job in describing a phenomenon and trying to find its causes, even in showing that the phenomenon might be more complex than it seems, and this in less than 12 minutes. 🕙🕑👍 And for several reasons I feel that comparing the EU /EEA with the US makes sense, even with the EU's lack of a real central government.
One thing - not mentioned in the video however - is that culture and society in the EU - and in Europe in general - is increasingly being dominated by fascism and politics. The polder-Dutch might be more extreme in this than, for example, the Czech, but the trend - I think - is there within the whole of Europe. 🇪🇺 In the US 🇺🇸, despite all it's shortcomings (nothing is perfect), innovation and marketing are still very important within large portions of society. So it might be easier there to actually find investors who - without judging you on your cultural or religious background - are willing to help you through some hideous bureaucracy and help you to market your product. 💰
Also most European retirement systems rely on young workers paying relatively high pensions to its retirees, while Americans save for their own retirement. With how unbalanced demographics are becoming, this obviously pushes young, educated people who'd pay the most away from europe, which increases the tax load for the remaining ones, which pushes more people away, etc. until entire towns are involuntary retirement communities.
It's not entirely correct to say that americans pay for their own retirement as we do have social security and medicare for older people. However, for most americans, social security acts as a raw baseline and the money they make through investments are used by middle and upper class retirees to live at more than a subsistence level. We can kind of see a bit of this mentality in the fact that payroll taxes and associated benefits cap out at around 200k annualy. The european pension system offers both a subsistence retirement to low wage earners and a more lavish onen for higher earners all on the governments dime, and the effect of this is that inequality isnt reduced all that much but private pension schemes whose investments could contribute to growth wind up being crowded out. I do think some sort of partial privatization of pensions might be a good idea for europe. This would mean recoking with the idea that a lot of people might have to retire a bit late if they happen to reach retirement age when the market isnt doing so hot.
@@empireoftruth3291 we're sadly decades too late to change it, boomers are by far the largest voting block (our boomer generation is a bit younger than in america) and they will always vote against anyone who dares to touch any transfers they get from young, working people. And they can either leave, or stay and not have enough to start a family, so demographic decline seems inevitable in Europe unless it can make up for it with immigrants from countries who are even worse off.
@@majorfallacy5926I dont see immigrants as solution, it is pyramid scheme, not sustainable and if it lookse to be working, pension system reforms "are not needed to be done" as shit doesnt hit fan properly. For sure some 25% or more from gross salary amount paid directly to current pensioners gives disadvantage to companies and workers in europe. It is less of problem for very high skilled people with big salary already but immigrants are supposed to do lower salary level jobs where this absolutely matters and margins are razor thin.
@@effexon The immigrants who don't come through the asylum system are predominantly skilled workers. So it works out for Europe but pushes the ball further down the line.
@@majorfallacy5926all stats say immigrants end up with same fertility levels over some time, thus I call it "pyramid scheme" that needs constant refills and tells about severe structural issues in countries. It is true they help out though.
Here in German companies, bureaucracy is a major obstacle: the HR managers who spoke to me reported that they only look for new candidates who exactly match the job profile, so there is no opportunity to search for talent. I made a career in Asia.
What is pushing me to leave germany is that: there are too many taxes, too much burocracy, people in charge not having the best intrest of germany at heart (too old), taxes on the wealth i will accumilate (and will want to pass onto my children) and the fact that if i were to be successful in germany in the future, i would need to pay a tax, to be allowed to leace the country. What is keeping me though is: i know the language, kulture, have family and friends here, healthcare, better enviromental protection, food and safety quality, more protected freedoms and better institutions. Lastly germany will be the best country for my children, if it fixes basic issues (housing, indoctrination in education, burocracy and taxes)
I love germany. america might be best if you are highly skilled but otherwise it's so much suffering for average person. I think germany one of the best country in the world to live in as an average person.
Exactly the same reasons here. I'm currently in University and I definetly wouldn't trade studying here in Germany with any location in the US. But after that it looks bleak. Industries I would like to get into straight up don't exist here or are in their baby shoes. Salaries are a joke compared to the US. Tax rates are a joke compared to the US. I agree more with the relationship of state to citizens in the US than I do here. I value my freedom. I value not getting told what to do. I value freedom of speech more than anything. Germany is much more restrictive in what can and can't be said than the US is. Germany is pretty ideological imo. Especially left green is something I deeply distrust and don't agree with. Germany feels like a country of averageness. Also the future doesn't look super bright for Germany. Look at the demographic distribution. It's really going to get started in like ~10 years when the boomers retire and then what. Who is gonna pay for all those old people? And who is gonna pay for the "green revolution"? The US is sprinting ahead in nearly every field. What major cutting edge industries are being developed in Germany? I can only think of a tiny few. If you're above average in Education and skill then the US simply is the better choice. A social state per definition only works because the people that are above the average pay for the ones that are below it.
The US is great for a certain type of people who want a certain type of life. I’m not one of those types of people, so I enjoy my European life. With all my misfortune in life, I’m glad I’m a Scandinavian citizen. My healthcare costs alone would have bankrupted my family multiple times over, yet here we didn’t have to worry about any of that, and I was able to get a university education as well, even though my family was considered middle-low income during my youth.
@@salvant77 Americans come from Europe.... and that is WHITE AMERICANS, something which you are. If it wasn't for your European ancestors, modern America would not exist. Stay mad pal
I would just love to see the logic behind the decision of European countries to push people to move abroad "in the hopes that they come back" but not actually provide any robust incentive for the people to actually want to come back.
@@mithrandirthegrey7644you can start a new life in the USA , marry an American, and visit Europe. Vacation in Mexico, and retire anywhere in the world minus a few countries that you wouldn’t want to visit in the first place. Your American born kids will thank you later in life for their American lifestyle and opportunities.
A czech guy here. Also thinking about leaving Europe. Everything is so incredibly slow - regulations for everything, old people blocking managment positions and voting wierd nonprogresive parties to parlament due to their huge proportion in population, really bad environment for enterpreneurs and people who want to start their own business, and education in a state of 18th century basically on every level - kindergarden to universities. it is impossible how rigid whole system is in the 3rd millenium.
Software engineers simply make more money in the US. European jobs have slightly lower cost of living in some cases, but salaries are vastly lower (30% or more in the experience I've seen) Simple economics is happening.
It's kind of delusional because the higher US salaries get eaten up by the exorbitant living costs in those areas. In fact the locals there live mostly on debt.
It about 2 to 3 more and not 10, also the usa with it’s problem isn’t fragmented like Europe. Imagine that in every usa state everyone had a different language,culture,identity with separate stock markets ect that’s Europe.
It about 2 to 3 more and not 10, also the usa with it’s problem isn’t fragmented like Europe. Imagine that in every usa state everyone had a different language,culture,identity with separate stock markets ect that’s Europe.
I work in IT and although I made less in France initially, from a relative standpoint (for earners in France) I actually make more and my profile is more attractive where I live in France than it would be in the US. My way of life is far superior in France than it was in the US by far.
Europe is very risk-averse, even frightened of fostering projects that are anyway contrary to established disciplines. They are often blinded by the developments of the US and try to "copy-exactly" while missing out on opportunities that emerge often without the top-down central planning that the EU is obsessed over. The history of the development of computer-controlled machine tools in the 1970s is a very good example of how universities in the US really seeked out inventors that were, by and large, tinkering on their own, with institutions like MIT knowing they were witnessing a new field of engineering unfold.
This is why The United States of America is the Hub of Innovation and has more companies that are making new technology for the human population. Sad reality for the EU really.
Naw, not really. You look at the averages but some places in Europe do really well. Switzerland, Netherlands, Sweden are all more innovative than the US with arguably more significant companies (US only has tech really and Hollywood, but industry is meh). Add to that Norway, Denmark and a few who all have higher HDI than the US, more top 100 universities per capita (which are virtually free on top of everything) and things suddenly aren't as clear as you want to believe. The US does some things well but I'd say the broadajority in the EU have fuller, more enriching lives. Not having to think about Healthcare, student loans or gun violence are hard to qualify but the overall package isn't bad here. If you have a decent job in a large European city you live amazingly well. It's not clear that any US city is so much better.
@@mysterioanonymous3206 True, but as a Swede I would say that we are "Retarded" and our "Innovations" are just scams that we sell to the US(Talking mostly about our cybersecurity and programing sector).
@@mysterioanonymous3206 the cope is crazy 😂 I’m guessing it was Switzerland that made chatgpt? Or send the JWTS into deep space? Or conducted the DART mission to shoot an asteroid millions of kms away. Foh
@@mysterioanonymous3206 not really, us is much better. you mentioned switzerland, netherlands, sweden, norway and denmark. none of these countries have more than 20 million people, why not mention 60+ million coutries of europe, like germany, france and italy. why not mention 2/3 of europe like eastern europe? because it is convenient to your argument, however, there is no need to compare wealthiest european countries to united states, we can simply compare wealthiest european COUNTRIES to wealthiest american COMPANIES, and it wouldn’t be a great look for europe. top american companies have more money than germany. these are some internet comments on the difference: “When I went abroad in 1889 - 5 years having elapsed since my arrival here in America - I became convinced that it was more than 100 years AHEAD of Europe and nothing has happened to this day to change my opinion.” - Nikola Tesla “I think culture is easier to integrate and way more diverse than Europe, plus high salaries and more choices of climates. You literally cannot find a place in Europe with good job market and warm weather.” “Forget the US. The Asian countries are catching up and some are already better than Europe. The stupid Russian war is also not helping. If you are young you want to be in the US and Asia. If you are old and dying then Europe is the place to be.” “Keep coping, we get nothing out of our taxes, the welfare system sucks and is unsustainable. Shrinking population, housing crisis, healthcare crisis, energy crisis, migrants ghettos, ponsi scheme pensions, deindustrialization, workers shortage, working poors, brain drain... the future in Europe looks bleak.” “Having a solution is one thing, having a popular solution is something completely different! USA and China are ignoring or manipulating their citizen opinions in so many issues it's unbelievable. On the other hand, European politicians are following even the most idiotic policies if it's popular enough...” “Most is no longer the word to use. Maybe 30 years ago. Today it is better in US for arguably top 70%. And most definitely for top 50% at bare minimum. So "most" should not really apply. In EU it is better for bottom 30% but even that may not last much longer.” “Do some travel and you might realize the wealth gap is far higher than what you think. The US middle class is extremely wealthy compared to the European middle class. Take the default position in this sub and complain about the lack of state heathcare all you like, but I'll be honest here. The healthcare in Germany sucked. The doctors and nurses were lazy as hell, watching the clock for their smoke break, ignoring patient requests because they are too busy. When I got injured I was on my first flight back to the US to flex my corporate insurance. The nice facilities, high-paid doctors and nurses, and lack of wait times is what you want when shit hits the fan.” “As a non-westerner.... basically neither american or European....had noted this long back. European people have a weird sense of superiority complex where they like to believe no one is near them in development. Problem is......USA and japan are objectively better than Europe in many metrics..... not to mention comparison of things like living space and services make it all too more obvious to ignore. So in order to not let their sense of superiority get challenged.....they keep on talking about massive issues of America day and night. If i have to be very honest....issues of Europe are much bigger than that of USA..” “As a european, I can confirm that this video is mostly accurate, especially in southern europe. Northern Europe, with the protestant reformation became more capitalistic, whereas catholic southern europe remained quite feudal. In my home country of Portugal, it is very evident that most of the people that have money are descendents of aristocracy (which even have a different physiognomy, they look northern european) and politicians and their families, which are usually commoners that a few generations ago were even poor. There are exceptions though, you do get industrious entrepreneurs that manage to become "new rich", but this is done by understanding the complex bureaucracy and working around it and managing your own business. It is impossible to become wealthy just by working a middle class job, unlike in america (although its becoming harder in america too).”
Korea is known to be horrifically competitive for graduates. If you don't get a job at one of the big chaebols, your life will be difficult. China offers wider opportunities I'd think.@@WastedBananas
One of Europe's highest priorities is regulation, as we all know bureaucracy is always good and certainly makes people want to stay and navigating a million regulations is incredibly fun and leads to high levels of prosperity. Can't imagine why people would ever want to move anywhere else.
Once in a while I check out what a software job in Europe would pay relative to my US job and generally speaking it looks like I’d take a drastic pay cut relative to the cost of living. Never mind patents and starting companies, it’s nice to make a good salary at your day job even if you are not particularly innovative or entrepreneurial. In so far as that is an accurate picture of tech salaries in Europe, Europe probably should fix that if it hopes to keep even average tech workers, never mind the rock stars. Also, I would contend that the overall quality of life on a tech worker salary in the US is higher than almost anywhere in Europe.
Well depends on a lot of factors.If you havent been in the country you cant know real purchasing power.I met people who studied and worked in usa and uk and fled from there, they said they have a lot better life quality in eastern europe than there. Of course they are not average joe's. What countries you consider and what is salary diference ? As a local european i could give advice :D
It's so tiring to hear the same "have you factored the cost of living" comments... If your net salary is 2-3 times higher, then even with CoL being higher with the same (or higher) proportion, you'd still end up with more money in the end. Also, it's not like healthcare is cheap in Europe either. At least here in Germany my+employers contributions are something like 750 eur a month.
Mate AI is throwing you boys out of business very soon, and I can tell you that the rest of the planet (90% of us) finds some poetic justice in the fact that you dug out your own grave. The IT nerds destroyed what was good about this planet with their social media nonsense, VR and the rest without which this world would have been a far better place.
@@CherryBlossomStorm Healthcare is a lie. Commie healthcare does not work due to the same reason: Most of Europe is paying very, very low wages to HC workers, including doctors. These pays are usually uniform. So Doctor House and Dr Poopyhead gets paid the same, even though their productivity is worlds apart. Generally, the kids that go into healthcare instead of the much more comfy and vastly higher paying tech are midwits. I pay more than a median wage idiot's salary in healthcare taxes, yet, if I had any issues I would buy private healthcare services.
The "attractive" quality of life of Europe will die of natural death for several factors, if not just because the continent is ageing and not having (enough) children, making its economy collapse (it already highly indebted). It's not a problem unique to Europe but that the land where this trend began, so it's the first continent to show its effects (even if immigration is used as a way to try to slow the process, the problem being the kind of immigration that it gains generally adds more weight to the sinking ship).
Actually the land where the trend of ageing and population decrease started in Japan, not in Europe. They started to feel the effects of that already in the 1990s.
average european economy comment thread : one dude coming up with a mostly true statement a dude who corrects the wrongs of the said statement a brother asking if you added value to the comments section or not
I'm an engineer from the Netherlands, here there's this perpetual sentiment that we need more engineers as just Dutch students isn't enough. In the meanwhile our highschool system wants us to do every single subject at he highest level possible, say, if I'm not at pre-university level Dutch, then I'd have to drop down a level despite the fact if I'd want to study physics, most universities teach in English anyways. In the meanwhile, in highschool we teach mathematics in many different levels, meaning that if you were to become a psychologist, economist or whatever, you can pick easy math or ditch it all together, you don't need to do any STEM related stuff. If you want to become a mechanical engineer however, you need to be as good in Dutch as a classmate who wants to study Dutch literature at uni, not even mentioning all the courses around culture and literature. Then there's a shortage of STEM teachers, and no enrichment in the primary school system, leaving people wondering... Why are there so little Dutch highschoolers becoming engineers??? In the meanwhile were importing foreign students. Most of which who came out of an education system where they didn't need to do everything high level, only the stuff they found interesting (which in my opinion is much better anyways). This results in a much larger pool of students to pick from in other countries. But the REALLY good ones who would've been at our level, they obviously go to reputable unis in America and Britain, not to our crappy 13 in a dozen uni were dealing with whatever is left. This eventually resulted after the language shift from Dutch to English the level of education was drastically lowered to allow for a high enough passrate. I make Dutch practice exams, I can guarantee if I get a 5 on one of those, I'll score atleast a 7 on my actual English final. Also it's hard to deal with cultural differences because of this, you see a divide happening in students, the more Dutch ones or culturally close ones are in your workgroup, the more likely you're guaranteed a high grade. Not mentioning the benefits foreign students get through my university to move here such as priority finding a room to live in whilst a Dutch student living on the other side of the country has to figure everything out themselves. But alas, apperantly nobody wants our kids to become engineers, neither our politicians, nor our universities. We need to outsource it as for the past 10 years, stuff has only become worse and worse for us. It sucks. We used to be an engineering powerhouse in the world with a company like Philips. What's left of our heritage is ASML. A sellout company where universities cater to what they need in courses, sticking their logo into everywhere and anything.
No way I would leave Europe. Non-pecuniary benefits too high (e.g., public transport, walkable cities, close to family, food, better working hours). US might pay a compensating differential but money is not all.
average software engineer in the us makes $120k and in the norway average software engineer makes $75k. i took norway as an example as it is one of the most prosperous european countries. there is no way you get $45k annually in social benefits in norway. that is why you see american boomers on the cruises in the old age, and not so many european boomers haha
The difference between the money you make in the US as opposed to Europe is greater than the disparity of anything else you mentioned, minus family and friends of course.
Talent can't realize themselves in Europe. They have to go to the US to reach their potential and then they can go back to Europe. If they have never left, they would have never developed themselves
Hey! I've commented some weeks or months ago regarding how much I liked your videos, but also how I found the voice-to-music ratio off, which made it difficult to listen to your content. Happy to say it's MUCH better now! Keep on it, and I'm sure you'll reach 1M in no time. Much love from Israel, have a good one!
I am here at Germany almost finishing my Masters but will leave the country after working 2-3 years here to gain experience as far from my home country- I am away from my family, neither do the earning potential here is high, Tax rates and other things are still not understandable, the language barrier obviously, illegal migration will destroy the country in next decades, housing is unaffordable. So will work here for 2-3 years pay my taxes contribute to the economy as the country helped me to have my Masters at decent fees. But there seems no attraction to live here.
True, however it is the fact that citizens are responsible for their own healthcare which makes the US best equipped to handle business and aging population.@@soundscape26
@@soundscape26 If you are upper-middle class (which I assume a lot if not most people contributing to the braindrain are) you are basically guaranteed to be covered by your employer.
We need a Capital Markets Union so that our entrepreneurs can launch their IPOs in the EU. As it stands it doesn't make sense for start-ups to spend years trying to accumulate capital when they could simply relocate to the States were the $50.8T capital market dwarfs the capital market of any member state.
that's the only real answer. While CMU isn't the solution to every problem EU has, it is the solution to just about every financial problem. The US just has a lot more money slushing around the economy than Europe and that's the true American superpower - not better work ethic, not more "gumption", not even that Americans are more cuthroat but just that Americans have a lot more money to throw at any problem which always works in the end. Uniting EU capital markets should be the priority for EU politicians.
@@baha3alshamari152Facts. With the USD as the world’s reserve currency, America can basically print as much money as they want, borrow as much as they want, with barely any consequences.
Well, have you heard of H1B? H1B is capped by 65k year + 20k for US graduates. It's a lottery officially. Or "how many years doing XYZ?" (not tasks, level, just sheer number of years and you need exact match, if not -- out). US hiring is broken.
It is not just the USA either, you find young Europeans in droves working in Canada, Australia and New Zealand for example. It seems the lure of higher wages and lower taxes is more powerful than Europe's generous welfare incentives (which only end up wiping out the loss of purchasing power caused by weak wages and high income taxes).
As much as I love my country, France is an absolute nightmare for entrepreneurs. The amount of tax you have to pay is insane, it makes the IRS look reasonable. We had a class of entrepreneurship in my University and the teacher said : “Almost 50% of small business owners bankrupt after their first 2 years”. I was quite stunned but at the same time it all made sense, he never mentioned the origin of the problem, outrageous taxes. Our government is made up of braindead globalists that benefited economic prosperity of our successful industry and then sold it without mercy just for a quick buck.
People talk about free healthcare and welfare in Europe, but with American salaries and benefits, you get a lot more plus more money so none of those European benefits matter to these entrepreneurs and skilled and wealthy individuals. Europe is better for chill ordinary people. USA is better for the ambitious, entrepreneurial, wealthy people
I'm (hopefully) starting a PhD in the US later this year. My decision to apply exclusively to schools in the US was simply that the PhD programmes are structured in a more attractive way. They take 5 years instead of 3, giving me time to do more learning and research. They have a strong emphasis on teaching skills, so I will better able to take an academic job if I prefer. And generally the programmes are broader in scope, treating students as an overall package. I don't, however, see schools in the US as overwhelmingly better than those in Europe, just different. Looking forward 5 years, I will probably want to stay in the US for a few years immediately after the PhD, though may eventually return home. I am aware of the problems which the US has and that it may not offer me the quality of life which I want in the long term.
We want the best of Europe to come to us, you are welcome! Our visas are hard to get but situation will get better. Hopefully we will change the H1B visa requirements and absorb all of Europe's talent, as an HR agent interviewing EU applicants, I know all high skilled foreign non EU engineers already want to move to US. As Germany deindustrialises, I am certain millions of German engineers will also migrate to US. They already mostly speak English
You should really read up more about the differences of the European and American education systems, because it seems you are unaware of structural key differences between the systems when you write "the PhD takes 3 yrs. in the EU and 5 yrs. in the US". In the US system you start your PhD. directly after the Bachelor and it's a programme parallel to the masters programme, while in Europe you have a step-by-step build up Bachelor->Master->Phd. So overall you need the same amount of time, as in Europe a PhD. study assumes you already have taken most of the classes in your 2 year Masters programme and do mostly focus on research.
I mean bro, I'm an engineer, I have two choices: 1. stay here, never own a house because nothing is being built, get paid a crap salary that does not reflect the amount of effort I put into getting these degrees and the rarity of my knowledge and skills and forever stay irrelevant if I decide to go and make my own company in EU 2. go to the US, earn 3 to 5 times what I would earn here, still be able to afford a nice house there because of suburban culture, live in fun and vibrant cities, be in a competitive environment where anything can be made possible with little to no bureaucracy when it comes to business development. Easy choice, I made mine a long time ago.
Chemical Engineer. UK Salary was 40K GBP (I've seen the pay scale and I'd be on about 70k GBP by now if I'd have stayed). US salary 250K USD in a reasonable cost of living area (so swapped my rented flat for a 6 bed detached). Yeah I lose an extra 8K a year on healthcare (easily made back and more by much lower taxes) and about a weeks holiday less. I do about the same hours though this isn't the case for everyone. It's pretty straightforward to become a millionaire in about 10-15 years without being some entrepreneurial whiz kid and just a middling career. Of course if you are entrepreneurial or good at climbing the corporate ladder you can do way better than that.
@@fr4933 It's a much better lifestyle than I've ever seen in Europe, tbh. Ideal is in a suburb, maybe 20-30 minutes out from a city center. Great for living space, great for jogging/biking trails, great for kids and you still have convenient access to the city when you want it.
The issue here is one of lack of finance for new ventures, European financial organizations aren't very risk friendly when it comes to supporting companies that require a lot of R&D. They prefer to concentrate resources on established companies, real estate and government bonds, even if those come with their own set of risks. Also most European countries are run by an established oligarchy of interests, that often aren't very interested in allowing that new rich start coming out of nowhere and start destabilizing the social order. Other obstacles are: excessive administrative hurdles, and regulation that is made to favor current businesses. Market size, although the EU is a large market it is in reality fragmented into smaller national markets that often have hidden barriers that limit the speed of growth. All of this makes it very difficult for R&D centric companies to have a sustainable ecosystem in the EU. And as a consequence it doesn't have the most opportunities for people with higher level degrees.
I myself feel strong pressure to move out of Europe just because there are no prospects of innovating on a large scale here. If I wanted to work for an aerospace startup, I can’t do that here. The main reason for Europe's failure in tech development is very simple - the overwhelming amount of pensioners. Unless we change the pension system and the amount of old people drastically dies off, we’ll never be able to compete. Old people want stagnation and conservatism, and if they’re the most important voting block, you’re bound to have excessive bureaucracy and tax rates to feed that.
1:25 - I like how you brought this up, it’s oddly not mentioned enough how huge of an advantage this is. I remember during one of Putin’s old interviews when asked, “What do you think is USA’s greatest strength is?”, he replied along the lines of, “I admire their ability to attract the greatest talents all over the world”. The whole world but USA and China are going through a brain-drain issue, even the 2 smartest engineer friends I had during college both moved to US. And nearly all countries simply can’t compete with US’ salary or economy to solve this issue.
I do wonder if Paul Graham was right in saying that Europe and the Commonwealth is much less friendly to raw ambition than the US. Let's say I was in a room of Europeans, and I said "I want to create a personal finance app whose algorithms will create vast changes in spending behavior that will severely reduce global poverty, and in the process I want to become a billionaire." I'm sure they would either shift uncomfortably in their seats, patronizingly explain how certain things in the world cannot be changed, that my ignorance of this is due to me being American, or that my personal financial goals were an indication of narcissism and lack of concern for the poor people I was trying to help (probably true). If I were to say this to a room of Americans, I'd probably get some light encouragement, a few chuckles, or some pointed questions about how I intended to do this, maybe an offer of a few introductions to possible funding. To them, my proposal isn't impossible, it's just something that hasn't worked yet, and maybe I will solve it or maybe someone else will. This is purely my imagination, but it comes from my memories of interacting with both Americans and Europeans. Brain drain is strange. Yes, it is devastating to a society, but as smart people leave, the people who are left may actually like it, because they don't have to compete with talent anymore - especially if they are in charge. This then ramps up all the cultural and legal forms of passive-aggressive harassment of talented people, which then causes more of them to leave. The logic of it is that people in charge often want to be in charge more than they want to be in charge of something good. If that something is a country with declining GDP year over year, so be it.
The admins always win because they just filter. If a funding call requires certain things all the winners will have these things. Even if there would have been better projects and people who could have got the money the winners look better than those losers. And the admins are happy by selecting their requirements so we'll. In Europe they define these winners very tightly and the others must leave to win elsewhere. And they are better winners there than any European winner could ever be.
This video telling everybody that we left Europe e cause of austerity measures …. That’s false. In my case, I left Europe because of lack of austerity measures. I left Europe because nobody will pay for my retirement if what I see is that people protest to uphold social spending they can’t afford. And I make 3 times as much money as I would in Europe. The system in Europe is collapsing and European economists need to make peace with the fact that they can’t afford social spending anymore , to he expense of drowning private enterprises with taxes. And it does not work , to kill the economy with taxes but then incentivize with “subsidies” private sector. Just don’t take the money to begin with , and subsidies will not be required .
This is an interesting point of discussion I feel,because one of the impacts of austerity was the cutting of investment into the economy -and it is what I mean here. I do agree with the high burden on young people and it is something I might cover in the future. Thanks for your comment! Cheers, Hugo
We need pension reforms and to solve our aging population problems, taxes if we’ll spent most Europeans don’t mind it and rich and wealthy people have enough to evade them. In my country our version of “401k” is just a way to give banks free money because most end up losing money in fees ect, our ss money is mostly invested in government bonds with a very small allocation for stock market or individual stocks, some old people got pension based on their best ten years of income, other never discounted ect, before it was not a problem but with a aging population it is a big problem and migrant aren’t going to fix it long term.
@@santostv. Very true, I can outperform(total return) my "work-pension"(Do not know the name in english basically a pension I get because of Union-agrement with my employer(I am not part of a union(Scam-Cartel))) with 10% of the capital. I do not even know much about investent and just pick meme stocks such as Starbreeze or Nordic Paper Holdings. Do not get me started on the "Common Pension"(Pension based on your income(taxes and untaxed)) which I am 90% sure I will never get because they keep raising the retirement age. When I finaly retire I think the system will have collapsed for sometime already. The migrants are more of a ponzi-scheme since they will also get pensions. They are also kind of contributing to the lack of births since the housing shortage has been a thing since 2008 and is only getting worse.
Subsidies to private sector is what killed Europe, instead of investing it in public. So the public sector is now dying and it is done on purpose to privatize everything. People don't mind high taxes, because subsidies are not a bad thing, but it never gets invested in working class projects or start-ups.
My experience with the German companies: - No bonus after successfull project. - No compensation based performance. - Everyone has the same salary range, despite of variaty of skills and contribution. - No opportunity to grow in your field, there is not even this "junior, medior, senior" level, everyone is in the same category. - Sometimes management creates work with 0 sense and 0 profit, there is no pressure to make bigger profit. - Leadership's average age is close to 70y. - After inflation, almost 70% of my salary is rent and food. It is pretty much like communism 😅. Oh, and about education. In my university (what's in top 300 word wide, not the best, I would say, a good European University): - The most common computer science thesis topic: web application and mobil application. Zero scientific value. - I have nevet write scientific article. - I have nevet participated in research. - I have never been involved in innovation project. - Salary of professors are similar like in Lidl or Tesco. Free health care: - the tax because of health care are way higher then an insurance (because my salary higher then average), but if I have any problem, I had to pay, cause public health care not so good.
Computer science is completely scarce in Europe. I have no idea if they are aware it’s a science. They should diffuse the scientific literature more actively.
Just to add some perspective, for the case someone takes Deans feedback seriously: 2 of my 3 german emplyers had a performance based compensation, where you could basicly double your salary when performing well. They also had internal career paths like Junior, Senior, etc. and provided internal and external trainings and certifications, so plenty of options to grow in your field. All 3 also had a Stock or Stock Option program. I personally spend around 30% of my take home pay on rent in a mayor city, and approx. 5% on food. The take home pay is indeed relativly low, because the contributions to the healthcare plan, pension plan, long term care and unemployment insurance is already being payed by the employer (which has to pay 50% of that in addition to your salary). To give some numbers: from a gross paycheck of 5000 € you only receive about 3.200 €. But you don't have to worry about Heathcare or your pension. Speaking about pension, germans retire at the age of 65 to 67. So the avarage manager can't be 70 ;) As I mentioned there is a Health Care Plan, because Germany has no free health care system, but the health care plan covers most things with a few exeptions (like designer glases, or special dentures). There are no deductibles or down payments, and unlike in the US nobody is going to be bancrupt because of something like cancer. If you think this is like communism you really need to reeducate yourself. I also wanna add some thoughts about College/ University Education: If you study there it is your duty to learn, not the Universitys obligation to make you a bachelor/ master. Participating in research is not mandatory to get a degree, but its still posible (and probably a good idea) to do so. And on the other hand College-Education is basicly free, comparing this to private colleges with a multi million € budget is also not fair imo. Professors in Germany make around 80-100.000 € and have no boss and cannot be fired. Of course you can make more money in the industry, but comparing this salary to Lidl and Tesco still seems odd. Just my 5 cents tho...
@@morilec469 " insurance is already being payed by the employer (which has to pay 50% of that in addition to your salary)" Newsflash, that's not the employers money, that's your salary only it's done in a roundabout way so you dont notice how huge the actual gross wage is. And it is like communism you got really good pension and healthcare in communism too, only you got to own your own home as well now you don't.
Can confirm: I am American (from Miami specifically) and moved to France on the border with Spain (and I am not formally educated) because I believe in an idea of Europe and I want walkable cities. I am not under the impression that the negatives of French life surpass those of Miami life. Since I grew up in a Cuban household, its hard for me to envision moving elsewhere in the US, to me the culture is too foreign. Since I am Latin and speak French pretty well for a recently moved foreigner, the culture/language barrier isn't too intimidating to me. I plan on getting educated here and staying for the rest of my life. If I were ever to go back to the US it would only be to make money for a few years and then return with capital. The potential for capital flight is interesting and is something I wish I was educated enough to analyse. It makes me think closer US-EU should be made. If it was easier for Americans to move to Europe I think more people would do so. Language programmes do exist in France, as I assume they do in other EU countries, if those programmes were made easily accessible to Americans, the cultural barrier could be easier to work through.
Most Americans would stay in the USA. After 9 months of living out of the USA and the US can revoke your citizenship, since the US government doesn’t allow people of dual citizenship to live outside of the USA. Also I don’t think any non-white American would go to Europe 😭
As a Mexican MD, it's curious how even some colleagues who've been in Germany for clinical rotations, research exchanges, do want to move to Germany. Are we all seeing the grass greener on the other side?
My friend works in UK in medical lap for pharmaceutical company. She is there most competent worker an without her work in this lab would just stop. And she earns less than mediocre software graduate or a plumber. So... it makes no sense to stay there for financial reasons.
I mean it's no brainer why.. low salaries, high taxes, high inflation, ridiculous cost of living and house prices totally not aligned with salaries. Promise of future pension which is unsustainable with current demographics. For people coming from outside, there are even more problems such as racism, being considered less equal, terrible bureaucratic immigration system which treats people like subhumans, especially in Germany and the snobinnes of locals who consider themselves superior to you just because they're both there. Why would anyone skilled stay in Europe and why would anyone skilled come to Europe to make bad wages with extreme taxes only to be treated badly in return. European job market is terrible. Reducing taxes would be a good first step
Easy. 1. The wages aren't low at all compared to the entire world apart from the US, Gulf State countries, & Australia & many people look past just money when looking for a place to live hence why so many more Americans are moving to Europe now, for a better quality of life. 2. Europe isn't only the countries facing demographic collapse. 3. The US is a shithole that's getting closer & closer to isolation & facism, the only people who truly benefit are the rich & maybe some people who are highly skilled in certain particular industries. If Donald Trump wins again or somebody worse wins in the future what you gonna do? 4. Skilled workers don't only come from "first world countries" tons of highly skilled people from developing countries would kill to get into Europe but it seems many of you tend to over look the vast majority of the world.
Lol "low salaries, high taxes, high inflation, ridiculous cost of living and house prices totally not aligned with salaries, Promise of future pension which is unsustainable with current demographics." you just described America, buddy
Trump this. Trump that. US inflation high too, US housing high! People who say this live in a US bubble. As a commentator above me said, the average engineer in an american city makes 3x a European one whilst rents in London and New York City are comparable Just for fun when I left university, I tried looking to the US. I had applied for a salary of 42.5k£ to JP Morgan. The equivalent salary in New York for JP on that grad scheme was $125k. After paying rent, taxes and all my living expenses, I'd have more money left over than my entire UK salary. I live now in the Netherlands and for someone who is entrepreneurial and wants to get ahead it is a truly miserable place. Once taking into account employers taxes, your taxes, VAT etc. and the fact that you do have to pay health insurance here (the government subsidises the costs and controls it. So when you pay 120 EUR a month, you are likely actually paying 400 [complete stab in the dark] but if your tax bill is 3k then clearly you could have just paid the health insurance and kept the cash), your effective taxation rate closes on 60+% I cannot afford a car, I barely have a miserable box house. The only people who do own or can afford these things en masse are boomers who purchased their house and then took advantage of the ECB's negative interest rates to re-mortgage their houses and buy fancy toys made in america (teslas are everywhere). Either that or the government mandated pension, money printing etc. has ballooned the value of their stocks and shares. These people are overwhelmingly left wing and from their tesla and large house will vote for more taxes on income. Businesses just 20 years ago could pay massively reduced taxes on dividends, that was shouted at as "unfair" so now if you own a business you are paying 60%+ tax too. This is in comparison to large American multinationals who can come to the Netherlands and be given tax rates which are secretly discussed. How can a small Dutch business paying 60% tax on profits to owners compete with an American multinational paying close to 0%? American multinationals don't want to invest in their workers so their is a rise in gig work and there is an increasing production of unskilled graduates who are 27 and never worked a day in their life but are coddled by the state to do so (and therefore vote for more of that) I can't wait to leave. I have family here but by god do I hate it. Edit: may I add that inflation in the US is much lower than EU and houses are half the price in many places for much nicer ones. It's blatantly clear that a lot of the US is massively wealthier than the EU but the news puts out constant US bad. The EU has traded the prosperity and success of it's nations for the comfort of the lowest common denominator in it's societies. As a result it will have neither. The US produces and innovates, the EU regulatez
For anyone who has been to Asia, and lived in te West over the past 10 yeers, this video does not make any sense. The real issue is displacement of the smart, qualified, experienced and more expensive staff to a low cost of living economies, through a immigration of poorly qualified people with dubious cetifications and work ethic and, primarily, outsourcing. The economy is falling because of that. This trend is driven mostly by american private equity firms, seeking to lower the cost, but in fact this is killing the industries in developed countries. Here in UK, this trend intensified since 2008, and now most jobs are either outsourced or performed by migrants. And yes - the UK is in deep slump, with skyrocketing real estate and mass immigration industry (including dubious colleges) being the only source of the economic activity. And we are expected to believe that the immigration from developing countries is good for the western economy, we've just need even more for the benefits to be realised. The eviedence shows the opposite.
One big issue is that in Germany and probably most parts of Europe, you NEED a degree. It doesn’t matter if you’re talented and skilled enough to be the world’s most brilliant IT security specialist if you for some reason fail math III and have to leave university. While a US company may take a chance on a citizen without a degree but an awesome portfolio, in Germany being one of the rare ones to be given such a chance would still have you paid worse than a cashier at a supermarket. I’ve seen IT wizard chads succumb to the rigid and inflexible structures within academia. If you haven’t got the funds and willpower to create your own company (good luck finding investors without a degree), your ideas won’t get out there.
I'm a French engineer, and I'm fed up with all these stupid laws and politics preventing my country from developing. So, I consider leaving and work for the US. Not only dumb laws and politics, there's also lower salaries in France and a CRAZY ton of bureaucracy that makes me puke... Long live the United States of America ❤❤
Because in Europe everything new is “not allowed” and needs legislation before it can be done properly at which time you need expensive lawyers to do it, which means you need investors for every useful business. Salaries are low. On top of that taxes are huge. Why would anyone start a tech business there? A local business, yes sure. But Europe doesn’t offer a good mix of incentives for talents to start their business there. I live there so yeah. I feel it daily.
As someone who moved thr UK i found the system really works against those in the middle If you are so poor you dont care as yoi are on tjr welfare If you are so rich you dont care if you get 50% taken off (not to mention the variety of tax planning tools at your desposal) But you just earn enough to pay tax you shoulder a huge burden Im not saying you should have a totally unfettered model - it is impossible when you run a sizable country you hv to shoulder a more complete system - but any time anyone from africa speak of their aspiration they talk about being the next singapore not the next europe
People can say what they want about the US, but there is absolutely no comparison between the US and the EU when it comes to salaries. Coming from Ireland and working in the US, I have seen new graduates earn $60,000 starting salary in their first job, sales reps make $100,000+ for part-time work, anything under $60-70k described as "nothing" by almost all Americans I interact with. And doctors, surgeons, lawyers, etc easily make anywhere from $200-500k a year. These salaries are generally unattainable in the EU with most jobs for graduates starting at under €30,000 and the vast majority of skilled professionals will never exceed €60-80k per year in their careers except for a couple of select professions (usually those working for American companies). In my opinion the cause is regulation of business & smaller, regional markets which makes it harder to businesses to expand in the same way that they can in the US where you have 350m people across a landmass larger than continental Europe who all speak the same language, and while individual states do have their own laws, it is much easier to navigate when they all speak the same language and many lawyers are proficient in advising across multiple states. It is also easier to start a successful business in the US due to the higher level of consumerism and spending that comes from higher salaries & greater access to credit (I have friends in the US who have credit cards with over $80k limits). It's easier to sell new products to people with money or at least credit than it is to sell new products to the average European who makes €35k a year and has no credit cards. All of this drives salaries higher and higher to meet peoples' expectations. Last time I was in NY I met a Scottish guy in a bar in his early 30's who was making $500k a year selling some kind of insurance. Even if he was paying $3-4k a month in rent in NYC he was still living the high life.
So are you saying American market is sustained by debt and credit cards? While Europeans are more savers…. That’ s why ALL economic crisis come from Usa… americans spend , spend and spend … until it’ s impossible for them to repay their debts, then banks don’t have money and welcome to another 2008
As an person from the USA, I think its very ironic that much of our intellectual workforce comes from outside immigration where they have access to high quality education for free while most Americans cannot even attend a university due to outrageous tuition prices. The USA provides a high risk/high reward society that is attractive, but regular US citizens are slowly being priced out of that opportunity due to high debt and more likelihood to take jobs that underemploy themselves for lack of money to take risk and be placed in those high reward jobs. Then this encourages immigrants of those who could afford our education, like wealthy Europeans and Asians, who then enter into our workforce and have enough capital not to worry for things like home affordability or our outrageous healthcare system. The reality is that most Americans that are not fortunate to be born into wealth are often living a totally different reality than our immigrant workforce, where the likelihood of raising capital, buying a home, and raising a family is out of reach. On the other side, Europe seems very attractive to me for their lower educational costs and better welfare system provides certain security that it might attract immigrants from the United States. I know europe is struggling with the same housing crises and job security a lot of Gen Z'ers are experiencing, but if the EU can find a balance of their strong welfare systems and their ability to provide an ecosystem of entrepreneurship that local citizens can participate in, might be good for you all.
This is just my opinion (PhD educated, early 30s Spanish European), but these are my top reasons for wanting to leave, and many have already been mentioned in the comments below, so I'll start with the less often mentioned: 1- *This country is extremely hostile towards intellectuals.* Taking into account the lost years of study and the cost of university, the average PhD holder will barely earn more in his lifetime than a middle school dropout. And you won't get any social credit either. In fact, I've even been openly disrespected by a couple of older folks because of that. 2- *I did not feel valued by my university, nor by the public educational system.* You are treated by the older professors as a tool to get the credits they need for their salary increases. You are given no freedom and, most likely, they will not even understand your thesis. Academia values seniority so much, that it has become stagnant and left no opportunities for young innovators. 3- *Every single institution has been corrupted by ideologues that are destroying our future for short-term benefits.* This country is completely dominated by incompetent demagogues that have risen to power by telling willingly ignorant voters what they wanted to hear. We had the disgrace of having a dictatorship end without a real reparation, so, I guess you can imagine how polarization and tribalism has "salted the earth" for any real political culture. 4- *Taxes and regulations are making social mobility impossible for the younger generations.* More than half of our gross salary is taken by the state and spent on increasingly unnecessary stuff (most of that is just "buying" votes). Many unreasonable laws are passed, making almost every aspect of a young person's life miserable, and making almost everyone who's not retired poorer. 5- *Let's be honest, Europe is just an undercover gerontocracy.* If you have read to this point, you have likely seen a pattern. We are a society full of old people, and, since we are a democracy, that makes them hold the most power. Despite retired Spaniards being, by far, the richest age group in the country, they are also the only ones whose wealth has not decreased, but increased, in the last 20 years of Spanish history. Why? Because politicians want their votes, so taxes are increasingly an undercover wealth transfer from the poorer young to the richer old; disproportionate mandatory privileges for seniority in public institutions and even private businesses is vote-buying for an aging working population; and the tribalist mentality and hostility towards new ideas is just favoring the old ways... Add to that the cultural cataclysm we are experiencing (for the first time ever, teenagers are growing up with IQs lower that the last generation, lower motivation and values, higher criminality, and more mental problems and addictions), and you'll quickly understand why I want to leave. This is going to turn very, very nasty in 5 to 10 years... No, thanks, there are other countries that make me feel actually appreciated.
@@i.abraham1850 East Asia, mostly. For example, China offered to pay me just to go study there, and with better living conditions than the local population, and pretty much every Chinese person I have met has showed great respect and admiration for my accomplishments. Here, even the national space agency's scholarship I was offered was laughable.
Vente a Australia. Tiene sus problemas (crisis de vivienda fuerte), pero va mucho mejor que la UE y no es tan arriesgado como EEUU. Es un buen punto intermedio ;)
Can relate. European salaries SUCK. As a software engineer I do exactly the same job as someone in the US, but they get paid 2-3 times more the salary while housing and literally everything else is CHEAPER including the healthcare. If I could - I would move to the US, good luck to all who does green card lottery too. If European countries can't deal with stagnation and high taxes - me and most of everyone I know will move out by the end of the decade. It just makes no sense to work for these pennies
You're right about the salaries but housing is definitely not cheaper in the US. In NY average rent is $5500. California will probably be worse. Keep in mind that if you find a job in the US, you're probably be living in NY, cali, or Texas, all of which have insane housing costs.
@@JavaProgrammingifyYou're forgetting that the US is nearly as big as the entire continent of Europe. NY and Cali aren't the only big cities where you can get a really high paying job or paying a lot for rent. Also, Texas is incredibly affordable compared to Cali or NY.
@@rainycitygirl this is totally not fake , I relate a lot. it's not only the US. you can do all the math you want,compare everything purchasing power disposable income , social gathering ... For someone with a master degree in tech, EU suck.
@@rainycitygirl Sure, but you also don't have to live in Berlin or Paris. European countryside is also cheap. Not to mention you can move to a place like Estonia or Portugal and it'll be significantly cheaper.
I remember a cousin of my gf coming back to Spain after a few years working in Norway... and she had to pay taxes bc of having worked abroad .-. how tf are we supposed to attract talent back???
As others have said, the main issue dragging Europe down is its byzantine bureaucracy. Educated people speak English and/or French everywhere, and the high taxes are worth it for what you get in return? But there's so much red tape everywhere... and if you take a wrong career choice, it can cost you dearly in the long run.
I have a special love-hate relationship with the USA as a European. Granted, I've only been there once on vacation, but apart from Dutch politics I follow American politics the most. The USA are polarized to the bone, the disparity between rich and poor is enormous and health issues are the number one cause for personal bankruptcy, I reckon. As long as you're doing good, I suppose it's worth it. Given the great differences between people locating on either side close to the Atlantic and Pacific and those more inland, as long as you stay in your own bubble as a highly educated, free-thinking individual, you won't experience how backwards it (in my opinion) is in other circles.
I am from Latin America but I live in Europe and have been to the USA hundreds of times… I know many Europeans that don’t like USA… but most of them have been there only once or not at all… but the ones who have spent some time in the country… develop a good feeling towards the USA… some even remain there… so there must be something… I understand them…
@@estebanmunoz7486 That might be. I judge the USA based upon politics and international relations and its history and contemporary stance as the hegemon during the 20th century, now going into the 21st century, not how an average social circle would be when living there for extended periods of time. It might very well be that the average citizen and group as your acquaintances are a pleasure to be around, as is the case in many other countries. The fact that it is far from inconceivable the USA are advancing toward a second Civil War and/or the mingling in international affairs to preserve its power in world politics might doom the human species weighs heavier to me. This viewpoint has been developed over an extended period of time studying history, geopolitics and international relations. Lastly, there are somewhere around 70 to 80 million Christian fundamentalists in the USA, a minority with considerable voting power, vocal and with pronounced political influence, who have a version of The Book of Revelation where earth will end up in flames and they will ascend to The Kingdom of The Lord, while the rest of the world's populace perishes in hellfire. Every (geopolitical) move into that direction is loudly applauded (not very Christian, if you'd ask me).I personally, sincerely hope this won't become a self-fulfilling prophecy!
Dunning-kruger in full effect. No American would ever claim to be an expert on any European country merely by observing it from the outside. And Europeans wonder why Americans think they are so smug and ignorant.
You are biased, many people consider america's conservative politics a plus, I can say that as a Canadian, 40% of canada is just as conservative as the US and those people like that, the other 60% might not but they can live in their california bubble.
@@PrometheusUnbound-zy1nc I'm interested to hear your perspective on how a civil war in the US would work. Who would be the two sides? Where would they be geographically? How would they arm and sustain themselves against the US military? What would be their rallying points? I'm an American living in California, my close family lives in Texas, AZ, and Washington, and yet I can't answer these questions.
I'm so sick of people saying, "Oh, Europe has public transportation, you can walk the streets." No, transportation is terrible, especially in Germany. Regional trains have a life of their own. All my German colleagues have two cars. So what's the advantage of Europe like this? Better than the USA - you earn good money, you drive your own car everywhere, everything is comfortable, no fuss, there is freedom. And in Germany, you're like a prisoner.
@@4775HpPjcooldudeHow is it prison? It keeps me away from the obese, ugly people that are Americans in 2024. The Americans of the 1950s looked so much better. Until the US mandates a dress code, let's keep cars.
Another thing, the wages for the same high end job positions are astronomically different when compared to the US. A good software developer can make up to 60-80k in Spain. The same developer with the same skills and at least a B1 in English could end up making 100-150k in the US. And before you say it, yes, cost of living is much lower in EU, but that is set back by the high tax rates. Also, if you’re an investor type of person, US just makes more sense because you can get more buck for your work since stocks tend to cost around the same amount internationally, so the US residents can compoubd easier because they can afford to put more money in and thus get more shares.
It is interesting. Europe has a good reputation for things like luxury goods and high precision engineering, but not in "tech". The tech startup business in the US is very volatile and wasteful, with a lot of it being parasitic upon government research (or other common actions such as espionage, or poaching of global talent). Perhaps it is a combination of a sort of EU appearance "fiscal responsibility" leading to less "free money" to invest carelessly and the centralised EU research not handing so many neatly packaged military secrets out.
The US dominates the EU in manufacturing output now, East Asia produces both in chips, EVs, electronic goods etc. Luxury goods are a European niche due to cultural and historical reasons.
We came to germany as a doctor, already second month still cant find an afforrable apartment, living in a temporary studio. Burocracy, high prices, low salaries, aging population, high energy cost. Hopefully we wont stuck here for long.
I just started my internship in a German company and despite all the benefits, such as great working culture and a good work-life balance, I, unfortunately, have noticed that the company is not willing to innovate and would rather stick to its old ways. As mentioned by another commentator, the risk aversion is just over the top; I work in a financial department and it’s extremely strange to me that the only method of depreciation in use is the linear one, which is usually worse than the accelerated method. And I feel like this approach is rather common in Germany, and it doesn’t appeal to me to be honest.
I'm one of those high skilled workers (about to move to the US for a postdoc). And I can frankly say that Europe isn't the best place to start an academic career, but it seems an excellent place to end one. The pay for a post-doc in the states is typically set by the NIH payscale, and one typically gets health insurance as a benefit. Add to that the 13% effective tax rate I would face in America and suddenly the higher cost of living is more than compensated for. Why would I start my career here?
Can I please ask how much you were compensate annually during your PhD studies? Here in Ireland, PhDs don't even make 2/3's of the minimum wage...I'm fed up of eating plain rice.
@@jamiegrant5955 2100 a month after tax (got a raise the month I leave...), but it's from the Max Planck society which is better than being employed at a university.
It is simple when we just go half way with scientific projects. Like the hermis space plane that was cancelled during the 1990s. There several projects that never get finished because there is a lot of under investments. The primary problem for the EU is that it is too unfocused on what it want to do. If the EU could focus on specific goals we would lead the world when it comes to research and more people would like to do research in europe. Instead of very little money in to many projects we can just take a lot of money in a few projects instead. It is the main issue for the EU is that it can never focus resources because of its confederate nature. This means nothing can really get done and we can only achieve half measures. We could have launched our own astronauts during the 2000s but instead we decided to hitch a ride america then russia. If the EU wants to retain talent then the EU should do ambitious projects and see it all the way through rather then ditching the people working on it last minute. We have the money and the resources but we lack unity and focus, that is the reason why any project will fail.
TBF europe seems to lead in research... huge amount of projects and things going on. Just that doesnt bring revenue and companies as much. You are right considering amount of taxmoney put there, it aint as impressive anymore. TBF european scientists are top notch in world, no need to get new talent. that is not problem. On other hand there are PhD fundings that cripple their career, they get 1year contract, then have to leave and find new job, so that hardly benefits anyone. To me EU monopolizing these has caused these kind of issues in many aspects. Before EU intervening, countries could do very longterm planning of projects with national taxmoney and ESA joint programs also.
I am an Indian immigrant who grew up and is attending college in the US for a professional degree interested in immigrating out of the US. How open is Europe to western-educated immigrants like me? I mean both in terms of opportunities as well as culture, which I do understand would vary from country to country.
here in berlin are many indian immigrants, also in rest of germany. I see them all the time at the companies as software [put in want you want]. so, just search for a city with high migration from india and you are good to go. otherwise you will be surely be an outsider, like the comment before me mentioned
Patent creation don’t have the same standards in the US. It is easier to create a patent in the us than in france. Compare the people that stay from european countries to us states. I would be curious on that data.
YT has been recommending this video to me for about a week. The funny thing is that the other recommended video under this video is always the one titled "hollywood's obsession with ambition". If YT keeps recommending it for a while, maybe I will watch both of them one day.
Why will intelligent students from NON EU prefer to come to EU? They face blind racism many times where Europeans cannot distinguish between refugees and students. Why will they come to have an additional burden of learning another language without which they will be further discriminated against? Students can and will prefer English speaking nations and EU can bridge the gap by ensuring it's own natives study better. In this way, everyone wins and EU gets a homogeneous society which it craves for and students get a better life in different continents.
From an European: it's not worth it. The living in Europe is insalenly high, the pay for innovation is to low to incentives young people. Basically, it is easier to apply for social income than waste time and money do go to university and then waste half your life to innovate. It's just not worth it!
Add up all the multiple layers of forms of U$A taxation. For most working people, it all adds up to about 42% deductions, with about 1/3 the protections. Then look up the insanely evil U$A medical charges. Yes, the U$A generates cash flow, but look up the U$A average income, house, car, and debt numbers.
@@rabokarabekian409 it added up to 65% for me in France before I gave up on the system. And don't think our medical system is much better, sure it's cheaper but the trade off is shortages and +6 month delay for some appointments.
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Tank the OCDE
Foreigners don’t want to contribute to France’s racist republic
😅😅😅😅😅😊😅😅😅😅
Being 30 and living in Germany, I do as well considering leaving. This country is run by the pension-age voting block, leading to stagnation and slow development. I do not see a way to build a life here.
As an American I would dream to have a government like Germany.
I'm just wondering what democratic countries does this not apply to?
The US is run by born-again christian living in 1950's. It's worse, LOL!
@@exotictasterthe3rd295You can just go to Canada.
The USA is the most gerontocratic government in the world though.
A guy from out of EU here. Applied for German blue card - they said the waiting times are 2 years now. Maybe this will give you some perspective.
I'm not sure if you're eligible for similar cards/visas/permits in Europe, but if so, would you submit your application?
Good. We need more Europeans, not more outsiders.
Just throw away your papers and come to Germany. Our government welcomes everyone without a proper background check.
The waiting list for a US green card for some countries is like a 100 years.
Convert to Islam and learn Arabic.
As an european software engineer (portuguese) I started working for the US simply because the salaries/taxes in Europe make absolutely no sense for the high cost of living. I don't want to spend my whole life working for pension-age voters who rather see Europe stagnate than to put any risk into their lives
Let's see what you say about risking your pension when you're 70.
@@Shini1984 that's why I already started a pension account at the age of 21, I won't relay on a government pension lol
@@Shini1984
Government pension is r--rded.
Invest into something. Invest into your kids and family.
Government issued pensions are a retarded system. It allows people to spend more than they can afford and then leech off the productive population. Pensioners are turned into a parasite in this system
@@Shini1984 we won't have a pension when we'll be 70, snowflake.
A non-EU person here. I would say it’s bureaucracy and risk aversion for EU companies. Even after finishing a master’s degree in IT and telecommunication technology, plus having done an internship here, it’s still hard to find a job. Most of the companies simply rejected my application because they don’t want to go through the hassles of sponsoring a working visa for me, or they only want to hire an already “very” experienced person to justify the visa application. I rarely passed the CV screening phase. These are not my guesses but the HRs directly told me these reasons. It feels so weird to go to job fairs and got all the negative feedbacks, then see the news about severe lack of engineers especially in IT on the way home. Even I am open to lower salaries compared to the US for the quality of life, plus that language is not a problem for me (I speak English, French, and German and willing to learn a new one if necessary.) When you consider that this country has spent a lot of money and resources supporting my studies just to prohibit most of the opportunities for me to contribute to the economy, surely I wonder why there’s a brain drain problem.
No need to sugar coat by saying risk aversion. It’s outright dear. Europeans are full of fear and have very little balls.
Well if it makes you feel any better, I am an EU citizen and I am in the same situation. I moved to Germany for a master's degree in IT and also find it hard to get a job. My German is level B1 at the moment so evidently I need to keep learning. I just think it's weird that I see news all of the time that the country needs skilled workers, but most job positions require fluent German, even when most Germans already speak English anyway (especially in IT), so I unfortunately have to miss on a lot of opportunities
@samethingsmakeuslaughmakeuscry worst part of it is, that you are the maligned construction worker that is just a tool. you do as you're told. your expertise doesn't matter. Even when getting into a job you know that after 2 years being there you are unemployable because of their weird tech stack and their resistance to actually evolve into a work space people want to work at...
This is how junior developers are treated everywhere, it’s not a unique situation for EU. Competition for entry level positions is fierce and your degree doesn’t really matter beyond ticking one box.
They do it in Sweden too. It's to discourage foreign workers from applying.
Stay rate statistics comparison at the beginning (0:27) is utterly useless.
You would need to compare EU or European stay rates to US stay rates for it to make some sense, as between postdocs basically requiring you to move to another institution and most European countries having just a few universities (just because of population disparity with the of US), you are basically guaranteed to have much higher move rates of fresh PhD graduates within single EU countries. For those leaving academia I would also expect migration _within_ Europe to be quite high, with the freedom of movement.
I would expect EU stay numbers to be roughly between US stay numbers for the country and aggregate stay rates for each of US states, even if there would be no brain drain from Europe at all..
My exact thought
I was about to comment the same thing
I am a highly educated person that moved to Netherlands from the US, and this is pretty common. It was really rare for me to meet highly educated Europeans that immigrated to the US during my entire time living there since birth.
He also talked about 1.5 decades of stagnation lol what statistics did he look at
Also, the entire video summarizes pretty well how Americans see Europe, as one big country. Thats just not the case. Some European countries like Spain have problems with youth unemployment that others dont have at all. The problems are vast and to group "Europe" into one when youve got 27 different economies, societies and generally systems that differ greatly simply makes very little sense. Apart from being absolutely 0% representational
@@ja_u The video's author is French though...
The salaries are too low, the taxes are too high, the bureaucracy is overbearing and slow, capital is extremely risk averse. These are the reasons that everyone gives and they are true. However this video and most overlook one thing in particular. Europe is terrible at integrating immigrants into your culture. One of the main reasons that these talented immigrants are choosing the US is because integration into society in the US is not that difficult and within a generation is basically done.
Well, the reason why integration in the US is so simple is that the US doesn't have a culture in European sense. Its culture is essentially 'everyone and everything looks at the money, rich is good, poor is bad, throw life in the bin, if it means you can make money now since you can enjoy life later when you have accumulated your wealth'. It exports this value to Europe and people who migrate have already bought into this. The other side of this coin is that it creates immense inequality which leads to lots of people feeling the promise is broken. Therefore, this system is backfiring causing people to go back to Europe.
Europe has given plenty to migrants over the last ten years to make them settle with hefty welfare policies often removing resources away from EU citizens. There's nothing you can do when foreigner don't want to integrate to their new host country. You can lead a horse to water, but you can't make them drink.
I agree with all that, its true. But would you really live in the US? I know I wouldn't, the daily communication is so fake, the mainstream culture is terrible, obesity, public infrastructure, healthcare etc, it's just so Third world country vibe. And I am saying this as a right wing voter, not a leftist. I have to admit I don't know how to fix Europe but I know I would consider becoming more like the US culturally as a dystopia. I don't want migrants to become such a big part of my country that we need to change customs, call Christmas a "holiday" instead of what it really is etc. Below 10% of migrants is fine, everything above is a threat to the society and does more harm than good. What I would advocate for is lower taxes, more accountability of the bureaucracy, less Brussels, deregulation etc.
Just wait till you're 45 and you'll quickly run back to eu with it's free medicine 😂😂😂
@@BozaCukuranovic3223 you think people in europe aren't fake and that everything isn't fake in europe now ? All those religious/cultural customs are just capitalism now , i work in restaurants and all of those customs are there to make the most profit possible out of it and everything revolves around it and it kills the real spirit of the place (i live in a famous small city in europe that is hyper touristic now and it's a nightmare for the quality of life and quality of life at work , you have more work over time that you must do faster and your pay doesn't go up and the one doing that to you pretends to be into customs traditions blablabla while he's just a buisnessman what a joke).
Software engineer here. 27k salary / year BEFORE taxes while 350k average price for a house. You need around 80k saved up to get a loan.
The minimum wage is 24k. So why would anyone with brains and ambition stay here?
Because North America is a shit hole if you study it. Our suburbs look nice only because they’re new, and they generate no profit due to insane zoning laws. So in 15-30 years you have roads cracked to shit and a neighbourhood that looks impoverished because the town that has no businesses and nothing but residencies is too financially insolvent to fund its own upkeep. Here in Canada you have to be making at LEAST 6 figures if you want to live anywhere nice. Oh and don’t forget, if you want to go anywhere off of your own property if you don’t live directly in the downtown of a large metropolitan city, then you MUST use a car to go absolutely EVERYWHERE because public transit is completely nonexistent there. The US and Canada is an urban hellhole, and the high wages are just there so people can spend their time being a consumer and buying things with the illusion they’re rich. Trust me, the US and Canada is a miserable place.
Edit: Just so you can grasp what I’m saying, here in Canada you can expect to pay 800k - 1M CAD for a house in the suburbs next to literally nothing but other houses. In the US the prices are more affordable, but their suburbs are EVEN WORSE than ours. The only thing keeping me alive these days is the fact that I’m not an American because I’m sure that I’d despise my life if I was.
@@slendii366All that is true but you can't deny that software developer incomes are much higher in the US (not Canada) than anywhere else. I would love to be able to move to the urbanist paradise, the Netherlands, except Amsterdam has the living cost of Queens, NY with the salary of Jackson, Mississippi, and taxes higher than Quebec. I'd much rather save up money in the US and then find a way to retire in a less car dependent place.
@@4775HpPjcooldude The thing is there are a LOT of people applying for thos jobs now especially when they get offered as remote Jobs. With the recent layoffs there are a bunch of Software ppl unemployed in the US as well ...
Ok, 140k BEFORE taxes is a reality in the Silicon Valley today. But, housing and food are, probably, 20 times higher compare to Bulgaria, which you are describing. So the equal standart of life is 400k in the Silicon Valley, except prices for electronics. This is really rare salary.
Life is easier in Europe and you really don’t need much. Just stay and enjoy your life. Paid vacations and unlimited free healthcare.
I am British and worked in a Spanish research facility (renewable energy) for 2 years. I was kicked out after that due to lack of funding. My observations of southern Europe, Spain in particular, was nepotism was endemic. This meant very poor quality scientists were employed in my institute. We even had a husband wife team get employed. He got her on despite her not having the right background. Also being in Catalonia, there was a heavy biased to Catalan born and raised people. International people, even Spanish from other parts of Spain, were overlooked for inferior quality Catalan. So politics, nationalism, even regionalism can have an effect inside the European workplace. Just my anecdotal view.
Good, Catalonians prioritise their own as the world is more than just an economic zone. Nationalism is good, we could use some of it in Britain.
Catalan independentists are delusional
@@Dankest yeah brexit really did you a lot of good...
Italy is similar, pure pettiness and little meritocracy
@@sebastiendeloup4196 That is because the politicians betrayed the will of the people, Brexit was on the grounds of immigration and since then they have flooded the country with third world filth, which has ruined the economy and QoL.
As an european I sometimes have the impression f living in a old dusty museum, where everyone is afraid to move or change anything.
Here the history cover too much the horizon.
True. Then in the US people no longer know what a man or a woman is, and a new species of humans, the fentanyl zombies have also been discovered.
As bad as Europe is, the US is worse.
Nah it is not the fault of history or pretty old buildings. Many things changed just in the last 30 years here, some were pretty major, just not for the better.
@@N7senseiyou should really stop watching right wing media. It is frying your brain.
I mean, you live in a pretty beautiful place. I get the impression of relaxing and enjoying myself surrounded by amazing artwork, not working hard.
Bro the usa is literally falling apart and crime is outta control primarily because of immigrants
I started a PhD in Germany, at one of the best universities as well. It was junk. Absolutely awful conditions for research, outdated equipment, lack of funding and cumbersome, untransparent processes for obtaining it. So glad I left after a year and never looked back.
Try to do study in Russian university. You'd find german education conditions perfect ))
@@Rai2M Try study in Balkan university. You will find Russian education paradise
@@swoldier7308 try studying in America, you will find you spent a fortune and went into crippling debt to learn nothing (unless you are studying a STEM or professional degree) and party for 4 years. And then you will blame society for your poor choices and demand everyone including those who didn't have the opportunity to go to college be financially responsible for said poor choices.
If Germany in such condition, imagine what other countries have in store for you.
sure bro ofc
I am an American living and working in France for the same EU company I was with in the US. This is a topic we discuss a lot. One thing that often gets missed is simply the rigidity of educational/corporate culture in Europe. I can only really speak for France but it's my perception that young people have an incredibilly hard time progressing in their careers here. In the US, if you're a top talent and work really hard you can progress rather rapidly. In Europe, it is much harder to A) skip "levels" in the company you're in, forcing people to sit in positions until they have enough "time" or reach salary minimums set by the unions for advancement B) switch "paths" (i.e. go from HR to Finance if you don't have the degree) and C) completely reinvent yourself if your original plan didn't work out. I'm in my early 30s now and quickly completed 2 degrees while rising in my company after picking up the pieces of what I can only describe as a complete and total failure at the age of 27 (though I have to admit it was the best failure that could've ever happened to me). If I was European, I can tell you my life would've worked out completely differently had I not been in the US when I needed to return to school and start over.
Sure, but the quality of life is much better in France than in Uncle Sam's land.
This. Moreover hirings in european countries seem more nepotistic (they find the excuse of the local language). I am in your same position, decided to study the wrong subject (it's not a degree in the humanities but mechanical engineering) and I can't go back, making 1600€/month with which it's impossible to start a family. Moreover I'm in Southern Europe and youth unemployment and exploitation is far worse than one can imagine.
I'm also an American working in France but I arrived via marriage. What I see in corporate French jobs, is employees who really dig their claws into their job as the strategy is to prove your loyalty through years of sticking around, playing the long political game to finally rise a few steps. Anytime I interviewed with someone who spend 30 years at the same company, I have this feeling like the environments aren't very dynamic and expect you to be under them forever. They advance slowly if at all due to workers able to not work and not get fired.
@@Moribus_Artibusin some ways a absolutely, but there are great things about both. Personally I prefer the overall lifestyle in France, but I think it’s a bit simplistic to say one is better than the other overall. It just depends on what you want to optimize for.
@@SurpriseMeJTGood observation - I completely agree. Overall the protections in place are good, but it definitely leads to some interesting attitudes with some people. I recently saw a colleague’s calendar which was completely empty except for daily Pilates classes followed by 1,5 hour lunches. It was mind blowing… but she’s doing her time in a specific department so that she can move to somewhere else in a few years.
When I think about where I want to live, I think where I want my children to grow up. It's not about salary, but about environment.
But I believe there are not many people who think the same way.
I don’t think active war zones are good places to raise a family. The war in Ukraine will eventually expand to other countries in Europe, so enjoy boasting about your “superior” quality of life until it exists.
Just live in a good neighbourhood
Good public services so you don't have to buy expensive solutions for helathcare and education
Good infastructure so you don't kill your mental health on highways and traffic jams
climate friendly policies so you can breath fresh air instead of smog and gain 10 extra years of life expentancy because the food is good and there is huge trucks and SUV's polluting around every corner.
@@AB-zl4nh wile123456 answered.
I don't need to think that way if I can't afford children in any country.
The EU's priority is regulation over innovation. Unless and until that changes, many ambitious young entrepreneurs will choose to move to the USA. The companies they set up then offer even more opportunities for ambitious young Europeans. Europe is in economic decline and it might be too late to fix it.
What changes to economic and regulatory policies do you want in return in the EU though?
American firms are known to exploit their workers as much as possible, tech companies having no checks and regulations (as made evident by for instance cookies being pretty much forced upon people in the US in comparison to the EU where its a choice to accept non-essential ones or not) and firms even assassinating whistleblowers for revealing management and safety issues at major aircraft firms (point in case: the recent case with Boeing).
I don't see regulation as an issue as much as extreme bureacracy as small businesses in Germany have to do so much to merely keep up the status quo, not to mention actual progress and growth.
Oh noo... Grifters can't prosper in EU... fall of the west
The way to fix this is protectionism. US and other countries have a competitive advantage over the European ones due to exploitative practices. This needs to be offset by tariffs to encourage more ethical domestic consumption. The US is doing this with China. And China to the US is the US to the EU.
@@Jay_Johnson The way to fix this is by European companies beginning to pay their professional workers higher salaries. If a worker knows he will be better compensated for his work elsewhere, you can't blame him for leaving.
@@baileyharrison1030 I think the limiting factor for innovation within Europe is investment not human capital.
Maybe I'm projecting but that is definitely the case in my country where there are far more graduates than graduate level roles. Investment in capital is needed to create more jobs moreso than the attraction of foreign skilled labour. The oversupply of skilled workers is what is driving down wages and encouraging people to seek better compensation abroad.
I'm a 35 year old software engineer from Europe. I should have probably left when I was 25, I'd be rich now and could come back with a big stash of cash.
... Is what I think before realizing that I started dating my wife around that time, and she's one in a million. Not everything is work.
that's actually the only thing that's worth it. love above all. but if you hadn't met your wife...
For average Joe, Europe (especially Northern and Western Europe) is better.
But for very high skilled people US might provide advantages. But I still think it is good to move to US in your 20s-30s and move back to Europe in your 40s. In your you younger age, you want to work hard and grow your carrer but after mid 40s, you want to take things easy, focus more on work-life balance and focus on other things that might interest you.
yeah i have a friend who works as an SWE and he's talked a lot about spending the next 15ish years maximizing his earnings potential and building wealth, then moving to europe where he can buy and doing what he calls a "soft retirement"
Thats literally what i am doing right now.
Which means that Europe ends up paying for a person's education, the worker pays taxes in the US during his most productive years, then returns to Europe to have his medical expenses and retirement paid for by Europe.
What you said literally makes no economic sense. Your later years, 40 to 65, are the ones where you can command a higher salary. Why would you consider moving back to europe where the wages are lower and the taxes higher?
@@Mastercane98 Because you want to go back to your roots and spend your late time in your home country.
(whispering in your ear): But very few actually do it for the exact reason you said.
Oh yeah, the art and science markets in Europe are miserable. European leaders and studio / company / agency owners are very conservative. They like to hear you use words like "innovative" and "outside the box" at the interview, but when it comes to practice they don't want you to innovate, that's not allowed. And starting your own business is not realistic unless you come from a rich family.
The question is if a person doing a PhD in the Netherlands or Luxembourg will they stay in EUROPE. It's not very useful to compare the Netherlands to the US in this regard. If a person graduated from a university in Massachusetts it doesn't mean that they will stay specifically in Massachusetts and not move to a different state in the US.
Most people I know who graduated from a university in Europe stayed in Europe but not necessarily in the same country in Europe.
Facts
What do you mean? Which country do the those graduates go to
@@prohacker5086 literally anywhere in Europe... Just because you finished your PhD in the Netherlands doesn't mean that you won't find a position in literally any other country in the continent just the same that if you graduated from a university in Massachusetts doesn't mean that you won't move to any other state in the US.
Staying in the US after graduation there vs staying in the Netherlands after graduating there is a false equivalent and frankly the fact that a full third of PhD graduates stay in a small country like the Netherlands is pretty amazing.
@iftyhargil8359 the difference is that the US is a country, so you can go anywhere and the statistic is about students that stay IN the country. EU is not a country, the Netherlands is. Hence the report.
@@Dave05J you can move and work in between countries in the EU VERY easily and a lot of people do that.
Hey everyone,
As you can tell, I temporarily lost control of my hands in the making of this video (and one previous one). After a stern talk, they are back under control, and should no longer annoy you in future videos.
Thank you for your understanding,
Hugo
Just wondering, wtf were you thinking when you picked the colours for that brain drain bar chart? I literally had to find an IPS screen to be able to distinguish the yellows, they're not even visible on my old oled. Out of the millions of colours available "no, yeah, let's just use shades of yellow for the whole thing"
"By regulating innovation, the EU is destroying its future." It should be a campaign slogan for these European elections.
Are you Italian? Lol I don't really mind tbh. Too focused on that handsome face hehe
@@Also_sprach_Zarathustra.
Frenchies: YOU SAID WHAT????? 😡
@@inbb510I'm French. And I am against European regulation of research and AI.
Your hands are fine, Hugo. Thank you for making more videos about Europe!
This video partly falls victim to the old problem of grouping "Europe" into one. This is an issue thats vastly different, caused by vastly different factors when comparing individual european countries.
I mean, the basis of whole channel is guilty of this😂😂.
The biggest issue though is that whenever he says “Europe” he quotes mostly EU statistics. When Europe is bigger and more complex than the EU.
It’s a bit of a EU Propaganda channel.
@@airhabairhab Generally yes, the entire channel is based on that but the difference is that there are issues where it makes sense. If we talk about EU legislation etc. (with european economic zone this also includes countries outside of the EU so most of Europe is in some way associated with that. Maybe other than very eastern ones like Belarus but yeah idk if thats relevant).
It makes sense with certain topics, this one is just wildly off. Brain drain is a complex issue and also happens inside the EU which is why its not as easy as to say "all skilled workers go to the US" which is just factually incorrect. Also, some of his points about stagnation for more than a decade (is he looking at Greece only here or whats going on lol) or immigration not being a factor (Germany is still the 2nd most immigrated to country after the US in the entire world, idk if that allows the assessment everyone just moves to the US, if thats Europeans, Africans or Asians).
TLDR there are many topics where it makes sense to group Europe/EU together into one, brain drain is far from it tho
He's not saying all skilled workers go to the US. He's saying a large chunk of the most innovative and entrepreneurial Europeans go to the US and trying to find thr reasons for it. The comments here can't see the forest for the trees.
The various states in the US also differs greatly among themselves, especially in law.
I think InEurope did a great job in describing a phenomenon and trying to find its causes, even in showing that the phenomenon might be more complex than it seems, and this in less than 12 minutes. 🕙🕑👍
And for several reasons I feel that comparing the EU /EEA with the US makes sense, even with the EU's lack of a real central government.
One thing - not mentioned in the video however - is that culture and society in the EU - and in Europe in general - is increasingly being dominated by fascism and politics. The polder-Dutch might be more extreme in this than, for example, the Czech, but the trend - I think - is there within the whole of Europe. 🇪🇺
In the US 🇺🇸, despite all it's shortcomings (nothing is perfect), innovation and marketing are still very important within large portions of society. So it might be easier there to actually find investors who - without judging you on your cultural or religious background - are willing to help you through some hideous bureaucracy and help you to market your product. 💰
Also most European retirement systems rely on young workers paying relatively high pensions to its retirees, while Americans save for their own retirement. With how unbalanced demographics are becoming, this obviously pushes young, educated people who'd pay the most away from europe, which increases the tax load for the remaining ones, which pushes more people away, etc. until entire towns are involuntary retirement communities.
It's not entirely correct to say that americans pay for their own retirement as we do have social security and medicare for older people. However, for most americans, social security acts as a raw baseline and the money they make through investments are used by middle and upper class retirees to live at more than a subsistence level. We can kind of see a bit of this mentality in the fact that payroll taxes and associated benefits cap out at around 200k annualy. The european pension system offers both a subsistence retirement to low wage earners and a more lavish onen for higher earners all on the governments dime, and the effect of this is that inequality isnt reduced all that much but private pension schemes whose investments could contribute to growth wind up being crowded out. I do think some sort of partial privatization of pensions might be a good idea for europe. This would mean recoking with the idea that a lot of people might have to retire a bit late if they happen to reach retirement age when the market isnt doing so hot.
@@empireoftruth3291 we're sadly decades too late to change it, boomers are by far the largest voting block (our boomer generation is a bit younger than in america) and they will always vote against anyone who dares to touch any transfers they get from young, working people. And they can either leave, or stay and not have enough to start a family, so demographic decline seems inevitable in Europe unless it can make up for it with immigrants from countries who are even worse off.
@@majorfallacy5926I dont see immigrants as solution, it is pyramid scheme, not sustainable and if it lookse to be working, pension system reforms "are not needed to be done" as shit doesnt hit fan properly. For sure some 25% or more from gross salary amount paid directly to current pensioners gives disadvantage to companies and workers in europe. It is less of problem for very high skilled people with big salary already but immigrants are supposed to do lower salary level jobs where this absolutely matters and margins are razor thin.
@@effexon The immigrants who don't come through the asylum system are predominantly skilled workers. So it works out for Europe but pushes the ball further down the line.
@@majorfallacy5926all stats say immigrants end up with same fertility levels over some time, thus I call it "pyramid scheme" that needs constant refills and tells about severe structural issues in countries. It is true they help out though.
Here in German companies, bureaucracy is a major obstacle: the HR managers who spoke to me reported that they only look for new candidates who exactly match the job profile, so there is no opportunity to search for talent. I made a career in Asia.
What is pushing me to leave germany is that: there are too many taxes, too much burocracy, people in charge not having the best intrest of germany at heart (too old), taxes on the wealth i will accumilate (and will want to pass onto my children) and the fact that if i were to be successful in germany in the future, i would need to pay a tax, to be allowed to leace the country.
What is keeping me though is: i know the language, kulture, have family and friends here, healthcare, better enviromental protection, food and safety quality, more protected freedoms and better institutions. Lastly germany will be the best country for my children, if it fixes basic issues (housing, indoctrination in education, burocracy and taxes)
I love germany. america might be best if you are highly skilled but otherwise it's so much suffering for average person. I think germany one of the best country in the world to live in as an average person.
You can't really have those benefits without paying those taxes though. Germany messed up on certain key issues for sure though.
Exactly the same reasons here. I'm currently in University and I definetly wouldn't trade studying here in Germany with any location in the US. But after that it looks bleak. Industries I would like to get into straight up don't exist here or are in their baby shoes. Salaries are a joke compared to the US. Tax rates are a joke compared to the US. I agree more with the relationship of state to citizens in the US than I do here. I value my freedom. I value not getting told what to do. I value freedom of speech more than anything. Germany is much more restrictive in what can and can't be said than the US is. Germany is pretty ideological imo. Especially left green is something I deeply distrust and don't agree with. Germany feels like a country of averageness. Also the future doesn't look super bright for Germany. Look at the demographic distribution. It's really going to get started in like ~10 years when the boomers retire and then what. Who is gonna pay for all those old people? And who is gonna pay for the "green revolution"? The US is sprinting ahead in nearly every field. What major cutting edge industries are being developed in Germany? I can only think of a tiny few. If you're above average in Education and skill then the US simply is the better choice. A social state per definition only works because the people that are above the average pay for the ones that are below it.
And people still wonder why America still gets the most immigrants despite the domestic issues in the US
What fking indoctrination are you talking about?
The US is great for a certain type of people who want a certain type of life. I’m not one of those types of people, so I enjoy my European life.
With all my misfortune in life, I’m glad I’m a Scandinavian citizen. My healthcare costs alone would have bankrupted my family multiple times over, yet here we didn’t have to worry about any of that, and I was able to get a university education as well, even though my family was considered middle-low income during my youth.
Ok, so you are a very privileged European who piggybacks on American imperialism for its country to be successful. Wow, so much credit.
@@salvant77 So all Europeans are privileged because of America somehow? Did we watch the same video?
@@salvant77 cope
@@salvant77 Americans come from Europe.... and that is WHITE AMERICANS, something which you are. If it wasn't for your European ancestors, modern America would not exist. Stay mad pal
Did you get into a bad accident? Fall off a ladder? Car accident? Otherwise why would you have health problems?
I would just love to see the logic behind the decision of European countries to push people to move abroad "in the hopes that they come back" but not actually provide any robust incentive for the people to actually want to come back.
Family and home is a pretty big incentive….
Honestly not having to live in a car dependent hellscape is a pretty good incentive. The US has created that incentive for you already.
@@mithrandirthegrey7644you can start a new life in the USA , marry an American, and visit Europe. Vacation in Mexico, and retire anywhere in the world minus a few countries that you wouldn’t want to visit in the first place. Your American born kids will thank you later in life for their American lifestyle and opportunities.
Too many subsidized 20th century industries and too much bitterness about wealth inequality and high salaries.
Vast majority move within the EU especially to about 5 countries but tons also migrate to Switzerland, UK, Canada, & Australia it's not just the US
Why uk?
@@hasinabegum1038 easy, english speaking oriented economy.
@@hasinabegum1038 English speaking & tons of job opportunities
@@tayloryoung9803 if you are limited by only speaking English, then I would rather move to Ireland.
@@Foersom_
Ireland has issues too such as a serious housing crisis.
A czech guy here. Also thinking about leaving Europe. Everything is so incredibly slow - regulations for everything, old people blocking managment positions and voting wierd nonprogresive parties to parlament due to their huge proportion in population, really bad environment for enterpreneurs and people who want to start their own business, and education in a state of 18th century basically on every level - kindergarden to universities. it is impossible how rigid whole system is in the 3rd millenium.
@@novinceinhosic3531 yep, I m thinking about Africa or southeast Asia.
@@novinceinhosic3531 South Africa? It is pure anarchy there with power outages.
Do you seriously want to move somewhere from the Czech Republic?)) Dude, you won the lottery, you were born in one of the best countries in the world
@@m1kus960 Why do you think Czechia is one of the best?
@@Dan-kp9hk Good salaries considering the low prices, easy to get a job
Software engineers simply make more money in the US.
European jobs have slightly lower cost of living in some cases, but salaries are vastly lower (30% or more in the experience I've seen)
Simple economics is happening.
Society is not made of software engineers.
It's kind of delusional because the higher US salaries get eaten up by the exorbitant living costs in those areas. In fact the locals there live mostly on debt.
@@rosomak8244
false, prices of clothes and food is pretty similar in the us and west europe
Its kinda easy in the Tech sector
The US has the perfect environment and pays their workers 10 times the wages for the same thing
no the environment is toxic and woke as hell, but at least you get much more money for the same shit
10 times the wages? But same cost of living?
I mean, the Silicon Valley is crazy expensive.
It about 2 to 3 more and not 10, also the usa with it’s problem isn’t fragmented like Europe.
Imagine that in every usa state everyone had a different language,culture,identity with separate stock markets ect that’s Europe.
It about 2 to 3 more and not 10, also the usa with it’s problem isn’t fragmented like Europe.
Imagine that in every usa state everyone had a different language,culture,identity with separate stock markets ect that’s Europe.
I work in IT and although I made less in France initially, from a relative standpoint (for earners in France) I actually make more and my profile is more attractive where I live in France than it would be in the US. My way of life is far superior in France than it was in the US by far.
Europe is very risk-averse, even frightened of fostering projects that are anyway contrary to established disciplines. They are often blinded by the developments of the US and try to "copy-exactly" while missing out on opportunities that emerge often without the top-down central planning that the EU is obsessed over. The history of the development of computer-controlled machine tools in the 1970s is a very good example of how universities in the US really seeked out inventors that were, by and large, tinkering on their own, with institutions like MIT knowing they were witnessing a new field of engineering unfold.
This is why The United States of America is the Hub of Innovation and has more companies that are making new technology for the human population. Sad reality for the EU really.
Naw, not really. You look at the averages but some places in Europe do really well. Switzerland, Netherlands, Sweden are all more innovative than the US with arguably more significant companies (US only has tech really and Hollywood, but industry is meh). Add to that Norway, Denmark and a few who all have higher HDI than the US, more top 100 universities per capita (which are virtually free on top of everything) and things suddenly aren't as clear as you want to believe. The US does some things well but I'd say the broadajority in the EU have fuller, more enriching lives. Not having to think about Healthcare, student loans or gun violence are hard to qualify but the overall package isn't bad here. If you have a decent job in a large European city you live amazingly well. It's not clear that any US city is so much better.
@@mysterioanonymous3206 True, but as a Swede I would say that we are "Retarded" and our "Innovations" are just scams that we sell to the US(Talking mostly about our cybersecurity and programing sector).
The hub of innovation and destruction.
@@mysterioanonymous3206 the cope is crazy 😂 I’m guessing it was Switzerland that made chatgpt? Or send the JWTS into deep space? Or conducted the DART mission to shoot an asteroid millions of kms away. Foh
@@mysterioanonymous3206
not really, us is much better.
you mentioned switzerland, netherlands, sweden, norway and denmark.
none of these countries have more than 20 million people, why not mention 60+ million coutries of europe, like germany, france and italy.
why not mention 2/3 of europe like eastern europe?
because it is convenient to your argument, however, there is no need to compare wealthiest european countries to united states, we can simply compare wealthiest european COUNTRIES to wealthiest american COMPANIES, and it wouldn’t be a great look for europe.
top american companies have more money than germany.
these are some internet comments on the difference:
“When I went abroad in 1889 - 5 years having elapsed since my arrival here in America - I became convinced that it was more than 100 years AHEAD of Europe and nothing has happened to this day to change my opinion.”
- Nikola Tesla
“I think culture is easier to integrate and way more diverse than Europe, plus high salaries and more choices of climates. You literally cannot find a place in Europe with good job market and warm weather.”
“Forget the US. The Asian countries are catching up and some are already better than Europe. The stupid Russian war is also not helping. If you are young you want to be in the US and Asia. If you are old and dying then Europe is the place to be.”
“Keep coping, we get nothing out of our taxes, the welfare system sucks and is unsustainable. Shrinking population, housing crisis, healthcare crisis, energy crisis, migrants ghettos, ponsi scheme pensions, deindustrialization, workers shortage, working poors, brain drain... the future in Europe looks bleak.”
“Having a solution is one thing, having a popular solution is something completely different! USA and China are ignoring or manipulating their citizen opinions in so many issues it's unbelievable. On the other hand, European politicians are following even the most idiotic policies if it's popular enough...”
“Most is no longer the word to use. Maybe 30 years ago. Today it is better in US for arguably top 70%. And most definitely for top 50% at bare minimum. So "most" should not really apply.
In EU it is better for bottom 30% but even that may not last much longer.”
“Do some travel and you might realize the wealth gap is far higher than what you think. The US middle class is extremely wealthy compared to the European middle class.
Take the default position in this sub and complain about the lack of state heathcare all you like, but I'll be honest here. The healthcare in Germany sucked. The doctors and nurses were lazy as hell, watching the clock for their smoke break, ignoring patient requests because they are too busy. When I got injured I was on my first flight back to the US to flex my corporate insurance. The nice facilities, high-paid doctors and nurses, and lack of wait times is what you want when shit hits the fan.”
“As a non-westerner.... basically neither american or European....had noted this long back.
European people have a weird sense of superiority complex where they like to believe no one is near them in development.
Problem is......USA and japan are objectively better than Europe in many metrics..... not to mention comparison of things like living space and services make it all too more obvious to ignore.
So in order to not let their sense of superiority get challenged.....they keep on talking about massive issues of America day and night.
If i have to be very honest....issues of Europe are much bigger than that of USA..”
“As a european, I can confirm that this video is mostly accurate, especially in southern europe. Northern Europe, with the protestant reformation became more capitalistic, whereas catholic southern europe remained quite feudal. In my home country of Portugal, it is very evident that most of the people that have money are descendents of aristocracy (which even have a different physiognomy, they look northern european) and politicians and their families, which are usually commoners that a few generations ago were even poor. There are exceptions though, you do get industrious entrepreneurs that manage to become
"new rich", but this is done by understanding the complex bureaucracy and working around it and managing your own business. It is impossible to become wealthy just by working a middle class job, unlike in america (although its becoming harder in america too).”
Same in Korea, PhD students here move to China or English speaking countries
what's the reason they move to China? aren't wages lower in China?
Korea is known to be horrifically competitive for graduates. If you don't get a job at one of the big chaebols, your life will be difficult. China offers wider opportunities I'd think.@@WastedBananas
@@WastedBananas They are actually higher for specific sections of the economy.
@@WastedBananasIf they are working for one of the mega corporations like tencent then no
@@WastedBananas I'm pretty sure it's slightly cheaper but still expensive
Jobs will pay your bills, business will make you rich but investment makes and keep you wealthy! I pray everyone here becomes successful!
Kate Mellon Bruce is not just my family’s financial advisor, she’s a licensed and FINRA agent who other families in the US employs her services
She's active on face book @
KATE MELLON BRUCE
I'm glad seeing this here today, your recommendation earlier this year was a blessing to my life and that of my family, I'm so grateful.
One of Europe's highest priorities is regulation, as we all know bureaucracy is always good and certainly makes people want to stay and navigating a million regulations is incredibly fun and leads to high levels of prosperity. Can't imagine why people would ever want to move anywhere else.
Once in a while I check out what a software job in Europe would pay relative to my US job and generally speaking it looks like I’d take a drastic pay cut relative to the cost of living. Never mind patents and starting companies, it’s nice to make a good salary at your day job even if you are not particularly innovative or entrepreneurial. In so far as that is an accurate picture of tech salaries in Europe, Europe probably should fix that if it hopes to keep even average tech workers, never mind the rock stars.
Also, I would contend that the overall quality of life on a tech worker salary in the US is higher than almost anywhere in Europe.
Well depends on a lot of factors.If you havent been in the country you cant know real purchasing power.I met people who studied and worked in usa and uk and fled from there, they said they have a lot better life quality in eastern europe than there. Of course they are not average joe's. What countries you consider and what is salary diference ? As a local european i could give advice :D
have you factored in the cost of health care, maternity/paternity leave, and so forth? health care especially.
It's so tiring to hear the same "have you factored the cost of living" comments... If your net salary is 2-3 times higher, then even with CoL being higher with the same (or higher) proportion, you'd still end up with more money in the end. Also, it's not like healthcare is cheap in Europe either. At least here in Germany my+employers contributions are something like 750 eur a month.
Mate AI is throwing you boys out of business very soon, and I can tell you that the rest of the planet (90% of us) finds some poetic justice in the fact that you dug out your own grave. The IT nerds destroyed what was good about this planet with their social media nonsense, VR and the rest without which this world would have been a far better place.
@@CherryBlossomStorm
Healthcare is a lie.
Commie healthcare does not work due to the same reason: Most of Europe is paying very, very low wages to HC workers, including doctors. These pays are usually uniform. So Doctor House and Dr Poopyhead gets paid the same, even though their productivity is worlds apart.
Generally, the kids that go into healthcare instead of the much more comfy and vastly higher paying tech are midwits.
I pay more than a median wage idiot's salary in healthcare taxes, yet, if I had any issues I would buy private healthcare services.
around 10:50 when you talk the video and audio aren't in sync anymore
(apart from that: good video!)
yeah, for a minute there i thought the entire audio was done with AI. Which would be very impressive
The "attractive" quality of life of Europe will die of natural death for several factors, if not just because the continent is ageing and not having (enough) children, making its economy collapse (it already highly indebted). It's not a problem unique to Europe but that the land where this trend began, so it's the first continent to show its effects (even if immigration is used as a way to try to slow the process, the problem being the kind of immigration that it gains generally adds more weight to the sinking ship).
Actually the land where the trend of ageing and population decrease started in Japan, not in Europe. They started to feel the effects of that already in the 1990s.
So what do you offer? Nothing? Thank you sofa-expert
@@maximmm5462 Oh, are you interested? Of course not. You are welcome, depressive random guy.
average european economy comment thread :
one dude coming up with a mostly true statement
a dude who corrects the wrongs of the said statement
a brother asking if you added value to the comments section or not
@@rigobertoitachijohnson we are considering how to deal with it. Stay tuned for the new tax announcements!
I'm an engineer from the Netherlands, here there's this perpetual sentiment that we need more engineers as just Dutch students isn't enough.
In the meanwhile our highschool system wants us to do every single subject at he highest level possible, say, if I'm not at pre-university level Dutch, then I'd have to drop down a level despite the fact if I'd want to study physics, most universities teach in English anyways. In the meanwhile, in highschool we teach mathematics in many different levels, meaning that if you were to become a psychologist, economist or whatever, you can pick easy math or ditch it all together, you don't need to do any STEM related stuff. If you want to become a mechanical engineer however, you need to be as good in Dutch as a classmate who wants to study Dutch literature at uni, not even mentioning all the courses around culture and literature.
Then there's a shortage of STEM teachers, and no enrichment in the primary school system, leaving people wondering... Why are there so little Dutch highschoolers becoming engineers???
In the meanwhile were importing foreign students. Most of which who came out of an education system where they didn't need to do everything high level, only the stuff they found interesting (which in my opinion is much better anyways). This results in a much larger pool of students to pick from in other countries. But the REALLY good ones who would've been at our level, they obviously go to reputable unis in America and Britain, not to our crappy 13 in a dozen uni were dealing with whatever is left.
This eventually resulted after the language shift from Dutch to English the level of education was drastically lowered to allow for a high enough passrate. I make Dutch practice exams, I can guarantee if I get a 5 on one of those, I'll score atleast a 7 on my actual English final. Also it's hard to deal with cultural differences because of this, you see a divide happening in students, the more Dutch ones or culturally close ones are in your workgroup, the more likely you're guaranteed a high grade. Not mentioning the benefits foreign students get through my university to move here such as priority finding a room to live in whilst a Dutch student living on the other side of the country has to figure everything out themselves.
But alas, apperantly nobody wants our kids to become engineers, neither our politicians, nor our universities. We need to outsource it as for the past 10 years, stuff has only become worse and worse for us. It sucks. We used to be an engineering powerhouse in the world with a company like Philips. What's left of our heritage is ASML. A sellout company where universities cater to what they need in courses, sticking their logo into everywhere and anything.
No way I would leave Europe. Non-pecuniary benefits too high (e.g., public transport, walkable cities, close to family, food, better working hours). US might pay a compensating differential but money is not all.
Same
Yes. You can't take all the money in coffin.
Keep crying. The US is better
average software engineer in the us makes $120k
and in the norway average software engineer makes $75k.
i took norway as an example as it is one of the most prosperous european countries.
there is no way you get $45k annually in social benefits in norway.
that is why you see american boomers on the cruises in the old age, and not so many european boomers haha
The difference between the money you make in the US as opposed to Europe is greater than the disparity of anything else you mentioned, minus family and friends of course.
Talent can't realize themselves in Europe. They have to go to the US to reach their potential and then they can go back to Europe. If they have never left, they would have never developed themselves
Hey! I've commented some weeks or months ago regarding how much I liked your videos, but also how I found the voice-to-music ratio off, which made it difficult to listen to your content. Happy to say it's MUCH better now! Keep on it, and I'm sure you'll reach 1M in no time. Much love from Israel, have a good one!
I am here at Germany almost finishing my Masters but will leave the country after working 2-3 years here to gain experience as far from my home country- I am away from my family, neither do the earning potential here is high, Tax rates and other things are still not understandable, the language barrier obviously, illegal migration will destroy the country in next decades, housing is unaffordable. So will work here for 2-3 years pay my taxes contribute to the economy as the country helped me to have my Masters at decent fees. But there seems no attraction to live here.
I understand you but the US is experiencing illegal migration as severe as europe with migrants coming from south america
Maybe it's the shitty salaries and high taxes that we pay for the public pension scam and bloated public sectors. .
Yeah but in turn you have almost free healthcare and in many cases education. Good luck with paying the exorbitant American health bills.
True, however it is the fact that citizens are responsible for their own healthcare which makes the US best equipped to handle business and aging population.@@soundscape26
@@soundscape26 If you are upper-middle class (which I assume a lot if not most people contributing to the braindrain are) you are basically guaranteed to be covered by your employer.
@@soundscape26 yes, but people in their 20s don't think about that. They think "if and whenever that becomes a problem, I can return"
s t f u lil kid, salaries in Europe are high
We need a Capital Markets Union so that our entrepreneurs can launch their IPOs in the EU. As it stands it doesn't make sense for start-ups to spend years trying to accumulate capital when they could simply relocate to the States were the $50.8T capital market dwarfs the capital market of any member state.
that's the only real answer. While CMU isn't the solution to every problem EU has, it is the solution to just about every financial problem. The US just has a lot more money slushing around the economy than Europe and that's the true American superpower - not better work ethic, not more "gumption", not even that Americans are more cuthroat but just that Americans have a lot more money to throw at any problem which always works in the end. Uniting EU capital markets should be the priority for EU politicians.
US financial power is that its currency is the global currency
EU can't compete with them at all
@@baha3alshamari152That just sounds like defeatism.
american workers are more productive than eu workers I think@@Dendarang
@@baha3alshamari152Facts. With the USD as the world’s reserve currency, America can basically print as much money as they want, borrow as much as they want, with barely any consequences.
Well, have you heard of H1B? H1B is capped by 65k year + 20k for US graduates. It's a lottery officially.
Or "how many years doing XYZ?" (not tasks, level, just sheer number of years and you need exact match, if not -- out).
US hiring is broken.
Europeans moving out of europe, americans leaving america, Indians leaving India....and it goes on. The grass is always greener on the other side.
It is not just the USA either, you find young Europeans in droves working in Canada, Australia and New Zealand for example. It seems the lure of higher wages and lower taxes is more powerful than Europe's generous welfare incentives (which only end up wiping out the loss of purchasing power caused by weak wages and high income taxes).
The USA average GDP per year is about 75,000 US dollars.
In California alone their GDP per capita is more than 130,000 dollars per year.
As much as I love my country, France is an absolute nightmare for entrepreneurs. The amount of tax you have to pay is insane, it makes the IRS look reasonable. We had a class of entrepreneurship in my University and the teacher said : “Almost 50% of small business owners bankrupt after their first 2 years”. I was quite stunned but at the same time it all made sense, he never mentioned the origin of the problem, outrageous taxes. Our government is made up of braindead globalists that benefited economic prosperity of our successful industry and then sold it without mercy just for a quick buck.
cant you only pay taxes if u actually make money?
Dutch citizen here, are you an expat ? Its great here, are you an dutch entrepreneur, move
People talk about free healthcare and welfare in Europe, but with American salaries and benefits, you get a lot more plus more money so none of those European benefits matter to these entrepreneurs and skilled and wealthy individuals. Europe is better for chill ordinary people. USA is better for the ambitious, entrepreneurial, wealthy people
The reason is that they do their PhDs in English and after u cannot find work with English ¯\_(ツ)_/¯
many actually don't care to learn the language of the country, just stay in their english
So you want to force people out of their language?
For international business English is not a problem but for local I think it is.
Fascinating
I'm (hopefully) starting a PhD in the US later this year. My decision to apply exclusively to schools in the US was simply that the PhD programmes are structured in a more attractive way. They take 5 years instead of 3, giving me time to do more learning and research. They have a strong emphasis on teaching skills, so I will better able to take an academic job if I prefer. And generally the programmes are broader in scope, treating students as an overall package. I don't, however, see schools in the US as overwhelmingly better than those in Europe, just different.
Looking forward 5 years, I will probably want to stay in the US for a few years immediately after the PhD, though may eventually return home. I am aware of the problems which the US has and that it may not offer me the quality of life which I want in the long term.
Good luck friend and I hope you have in great time in America.
PhD's don't take 5 years in the US. They take as long as you need to complete all the requirements. Could be 3 years.
We want the best of Europe to come to us, you are welcome!
Our visas are hard to get but situation will get better. Hopefully we will change the H1B visa requirements and absorb all of Europe's talent, as an HR agent interviewing EU applicants, I know all high skilled foreign non EU engineers already want to move to US. As Germany deindustrialises, I am certain millions of German engineers will also migrate to US. They already mostly speak English
You should really read up more about the differences of the European and American education systems, because it seems you are unaware of structural key differences between the systems when you write "the PhD takes 3 yrs. in the EU and 5 yrs. in the US". In the US system you start your PhD. directly after the Bachelor and it's a programme parallel to the masters programme, while in Europe you have a step-by-step build up Bachelor->Master->Phd. So overall you need the same amount of time, as in Europe a PhD. study assumes you already have taken most of the classes in your 2 year Masters programme and do mostly focus on research.
welcome 🇺🇸! what schools are you applying to/considering?
I mean bro, I'm an engineer, I have two choices:
1. stay here, never own a house because nothing is being built, get paid a crap salary that does not reflect the amount of effort I put into getting these degrees and the rarity of my knowledge and skills and forever stay irrelevant if I decide to go and make my own company in EU
2. go to the US, earn 3 to 5 times what I would earn here, still be able to afford a nice house there because of suburban culture, live in fun and vibrant cities, be in a competitive environment where anything can be made possible with little to no bureaucracy when it comes to business development.
Easy choice, I made mine a long time ago.
Surburban culture and fun and vibrant cities in the same sentence HAHAHAH
You made the right decision
@@ExplosiveSalamiSaid the USA soulless corporate overlord's bot.
Chemical Engineer. UK Salary was 40K GBP (I've seen the pay scale and I'd be on about 70k GBP by now if I'd have stayed). US salary 250K USD in a reasonable cost of living area (so swapped my rented flat for a 6 bed detached). Yeah I lose an extra 8K a year on healthcare (easily made back and more by much lower taxes) and about a weeks holiday less. I do about the same hours though this isn't the case for everyone. It's pretty straightforward to become a millionaire in about 10-15 years without being some entrepreneurial whiz kid and just a middling career. Of course if you are entrepreneurial or good at climbing the corporate ladder you can do way better than that.
@@fr4933 It's a much better lifestyle than I've ever seen in Europe, tbh. Ideal is in a suburb, maybe 20-30 minutes out from a city center. Great for living space, great for jogging/biking trails, great for kids and you still have convenient access to the city when you want it.
The issue here is one of lack of finance for new ventures, European financial organizations aren't very risk friendly when it comes to supporting companies that require a lot of R&D. They prefer to concentrate resources on established companies, real estate and government bonds, even if those come with their own set of risks.
Also most European countries are run by an established oligarchy of interests, that often aren't very interested in allowing that new rich start coming out of nowhere and start destabilizing the social order. Other obstacles are: excessive administrative hurdles, and regulation that is made to favor current businesses.
Market size, although the EU is a large market it is in reality fragmented into smaller national markets that often have hidden barriers that limit the speed of growth.
All of this makes it very difficult for R&D centric companies to have a sustainable ecosystem in the EU. And as a consequence it doesn't have the most opportunities for people with higher level degrees.
I myself feel strong pressure to move out of Europe just because there are no prospects of innovating on a large scale here. If I wanted to work for an aerospace startup, I can’t do that here. The main reason for Europe's failure in tech development is very simple - the overwhelming amount of pensioners. Unless we change the pension system and the amount of old people drastically dies off, we’ll never be able to compete. Old people want stagnation and conservatism, and if they’re the most important voting block, you’re bound to have excessive bureaucracy and tax rates to feed that.
The audio is desynced near the end, but then again I mostly listen to you via my second monitor.
1:25 - I like how you brought this up, it’s oddly not mentioned enough how huge of an advantage this is. I remember during one of Putin’s old interviews when asked, “What do you think is USA’s greatest strength is?”, he replied along the lines of, “I admire their ability to attract the greatest talents all over the world”. The whole world but USA and China are going through a brain-drain issue, even the 2 smartest engineer friends I had during college both moved to US. And nearly all countries simply can’t compete with US’ salary or economy to solve this issue.
I do wonder if Paul Graham was right in saying that Europe and the Commonwealth is much less friendly to raw ambition than the US. Let's say I was in a room of Europeans, and I said "I want to create a personal finance app whose algorithms will create vast changes in spending behavior that will severely reduce global poverty, and in the process I want to become a billionaire." I'm sure they would either shift uncomfortably in their seats, patronizingly explain how certain things in the world cannot be changed, that my ignorance of this is due to me being American, or that my personal financial goals were an indication of narcissism and lack of concern for the poor people I was trying to help (probably true). If I were to say this to a room of Americans, I'd probably get some light encouragement, a few chuckles, or some pointed questions about how I intended to do this, maybe an offer of a few introductions to possible funding. To them, my proposal isn't impossible, it's just something that hasn't worked yet, and maybe I will solve it or maybe someone else will. This is purely my imagination, but it comes from my memories of interacting with both Americans and Europeans.
Brain drain is strange. Yes, it is devastating to a society, but as smart people leave, the people who are left may actually like it, because they don't have to compete with talent anymore - especially if they are in charge. This then ramps up all the cultural and legal forms of passive-aggressive harassment of talented people, which then causes more of them to leave. The logic of it is that people in charge often want to be in charge more than they want to be in charge of something good. If that something is a country with declining GDP year over year, so be it.
The admins always win because they just filter. If a funding call requires certain things all the winners will have these things. Even if there would have been better projects and people who could have got the money the winners look better than those losers. And the admins are happy by selecting their requirements so we'll. In Europe they define these winners very tightly and the others must leave to win elsewhere. And they are better winners there than any European winner could ever be.
This video telling everybody that we left Europe e cause of austerity measures ….
That’s false. In my case, I left Europe because of lack of austerity measures. I left Europe because nobody will pay for my retirement if what I see is that people protest to uphold social spending they can’t afford. And I make 3 times as much money as I would in Europe.
The system in Europe is collapsing and European economists need to make peace with the fact that they can’t afford social spending anymore , to he expense of drowning private enterprises with taxes.
And it does not work , to kill the economy with taxes but then incentivize with “subsidies” private sector.
Just don’t take the money to begin with , and subsidies will not be required .
This is an interesting point of discussion I feel,because one of the impacts of austerity was the cutting of investment into the economy -and it is what I mean here.
I do agree with the high burden on young people and it is something I might cover in the future.
Thanks for your comment!
Cheers,
Hugo
We need pension reforms and to solve our aging population problems, taxes if we’ll spent most Europeans don’t mind it and rich and wealthy people have enough to evade them.
In my country our version of “401k” is just a way to give banks free money because most end up losing money in fees ect, our ss money is mostly invested in government bonds with a very small allocation for stock market or individual stocks, some old people got pension based on their best ten years of income, other never discounted ect, before it was not a problem but with a aging population it is a big problem and migrant aren’t going to fix it long term.
@@santostv. Very true, I can outperform(total return) my "work-pension"(Do not know the name in english basically a pension I get because of Union-agrement with my employer(I am not part of a union(Scam-Cartel))) with 10% of the capital. I do not even know much about investent and just pick meme stocks such as Starbreeze or Nordic Paper Holdings. Do not get me started on the "Common Pension"(Pension based on your income(taxes and untaxed)) which I am 90% sure I will never get because they keep raising the retirement age. When I finaly retire I think the system will have collapsed for sometime already. The migrants are more of a ponzi-scheme since they will also get pensions. They are also kind of contributing to the lack of births since the housing shortage has been a thing since 2008 and is only getting worse.
Subsidies to private sector is what killed Europe, instead of investing it in public. So the public sector is now dying and it is done on purpose to privatize everything. People don't mind high taxes, because subsidies are not a bad thing, but it never gets invested in working class projects or start-ups.
It is really like becoming “The sick man of the world”.
My experience with the German companies:
- No bonus after successfull project.
- No compensation based performance.
- Everyone has the same salary range, despite of variaty of skills and contribution.
- No opportunity to grow in your field, there is not even this "junior, medior, senior" level, everyone is in the same category.
- Sometimes management creates work with 0 sense and 0 profit, there is no pressure to make bigger profit.
- Leadership's average age is close to 70y.
- After inflation, almost 70% of my salary is rent and food.
It is pretty much like communism 😅.
Oh, and about education. In my university (what's in top 300 word wide, not the best, I would say, a good European University):
- The most common computer science thesis topic: web application and mobil application. Zero scientific value.
- I have nevet write scientific article.
- I have nevet participated in research.
- I have never been involved in innovation project.
- Salary of professors are similar like in Lidl or Tesco.
Free health care:
- the tax because of health care are way higher then an insurance (because my salary higher then average), but if I have any problem, I had to pay, cause public health care not so good.
But it's all about EQUALITY...remember? Europeans are social justice warriors! You are all EQUAL. Everyone is THE SAME.
Computer science is completely scarce in Europe. I have no idea if they are aware it’s a science. They should diffuse the scientific literature more actively.
Just to add some perspective, for the case someone takes Deans feedback seriously: 2 of my 3 german emplyers had a performance based compensation, where you could basicly double your salary when performing well. They also had internal career paths like Junior, Senior, etc. and provided internal and external trainings and certifications, so plenty of options to grow in your field. All 3 also had a Stock or Stock Option program. I personally spend around 30% of my take home pay on rent in a mayor city, and approx. 5% on food. The take home pay is indeed relativly low, because the contributions to the healthcare plan, pension plan, long term care and unemployment insurance is already being payed by the employer (which has to pay 50% of that in addition to your salary). To give some numbers: from a gross paycheck of 5000 € you only receive about 3.200 €. But you don't have to worry about Heathcare or your pension. Speaking about pension, germans retire at the age of 65 to 67. So the avarage manager can't be 70 ;) As I mentioned there is a Health Care Plan, because Germany has no free health care system, but the health care plan covers most things with a few exeptions (like designer glases, or special dentures). There are no deductibles or down payments, and unlike in the US nobody is going to be bancrupt because of something like cancer. If you think this is like communism you really need to reeducate yourself. I also wanna add some thoughts about College/ University Education: If you study there it is your duty to learn, not the Universitys obligation to make you a bachelor/ master. Participating in research is not mandatory to get a degree, but its still posible (and probably a good idea) to do so. And on the other hand College-Education is basicly free, comparing this to private colleges with a multi million € budget is also not fair imo. Professors in Germany make around 80-100.000 € and have no boss and cannot be fired. Of course you can make more money in the industry, but comparing this salary to Lidl and Tesco still seems odd. Just my 5 cents tho...
come on over we love germans 🇺🇸
@@morilec469 " insurance is already being payed by the employer (which has to pay 50% of that in addition to your salary)"
Newsflash, that's not the employers money, that's your salary only it's done in a roundabout way so you dont notice how huge the actual gross wage is.
And it is like communism you got really good pension and healthcare in communism too, only you got to own your own home as well now you don't.
Can confirm: I am American (from Miami specifically) and moved to France on the border with Spain (and I am not formally educated) because I believe in an idea of Europe and I want walkable cities. I am not under the impression that the negatives of French life surpass those of Miami life. Since I grew up in a Cuban household, its hard for me to envision moving elsewhere in the US, to me the culture is too foreign.
Since I am Latin and speak French pretty well for a recently moved foreigner, the culture/language barrier isn't too intimidating to me. I plan on getting educated here and staying for the rest of my life. If I were ever to go back to the US it would only be to make money for a few years and then return with capital.
The potential for capital flight is interesting and is something I wish I was educated enough to analyse. It makes me think closer US-EU should be made.
If it was easier for Americans to move to Europe I think more people would do so. Language programmes do exist in France, as I assume they do in other EU countries, if those programmes were made easily accessible to Americans, the cultural barrier could be easier to work through.
Most Americans would stay in the USA. After 9 months of living out of the USA and the US can revoke your citizenship, since the US government doesn’t allow people of dual citizenship to live outside of the USA.
Also I don’t think any non-white American would go to Europe 😭
As a Mexican MD, it's curious how even some colleagues who've been in Germany for clinical rotations, research exchanges, do want to move to Germany. Are we all seeing the grass greener on the other side?
My friend works in UK in medical lap for pharmaceutical company. She is there most competent worker an without her work in this lab would just stop. And she earns less than mediocre software graduate or a plumber. So... it makes no sense to stay there for financial reasons.
I mean it's no brainer why.. low salaries, high taxes, high inflation, ridiculous cost of living and house prices totally not aligned with salaries.
Promise of future pension which is unsustainable with current demographics.
For people coming from outside, there are even more problems such as racism, being considered less equal, terrible bureaucratic immigration system which treats people like subhumans, especially in Germany and the snobinnes of locals who consider themselves superior to you just because they're both there.
Why would anyone skilled stay in Europe and why would anyone skilled come to Europe to make bad wages with extreme taxes only to be treated badly in return.
European job market is terrible. Reducing taxes would be a good first step
Ths US is a shirthole. I know, I am their neighbor. Their president gone on live TV asking if injecting disinfenctant would cure COVID. Jeez.
Easy. 1. The wages aren't low at all compared to the entire world apart from the US, Gulf State countries, & Australia & many people look past just money when looking for a place to live hence why so many more Americans are moving to Europe now, for a better quality of life. 2. Europe isn't only the countries facing demographic collapse. 3. The US is a shithole that's getting closer & closer to isolation & facism, the only people who truly benefit are the rich & maybe some people who are highly skilled in certain particular industries. If Donald Trump wins again or somebody worse wins in the future what you gonna do? 4. Skilled workers don't only come from "first world countries" tons of highly skilled people from developing countries would kill to get into Europe but it seems many of you tend to over look the vast majority of the world.
Lol "low salaries, high taxes, high inflation, ridiculous cost of living and house prices totally not aligned with salaries, Promise of future pension which is unsustainable with current demographics." you just described America, buddy
@@BoxStudioExecutiveaverage engineer in average american city makes 3x of european one.
Trump this. Trump that. US inflation high too, US housing high!
People who say this live in a US bubble. As a commentator above me said, the average engineer in an american city makes 3x a European one whilst rents in London and New York City are comparable
Just for fun when I left university, I tried looking to the US. I had applied for a salary of 42.5k£ to JP Morgan. The equivalent salary in New York for JP on that grad scheme was $125k. After paying rent, taxes and all my living expenses, I'd have more money left over than my entire UK salary.
I live now in the Netherlands and for someone who is entrepreneurial and wants to get ahead it is a truly miserable place. Once taking into account employers taxes, your taxes, VAT etc. and the fact that you do have to pay health insurance here (the government subsidises the costs and controls it. So when you pay 120 EUR a month, you are likely actually paying 400 [complete stab in the dark] but if your tax bill is 3k then clearly you could have just paid the health insurance and kept the cash), your effective taxation rate closes on 60+%
I cannot afford a car, I barely have a miserable box house. The only people who do own or can afford these things en masse are boomers who purchased their house and then took advantage of the ECB's negative interest rates to re-mortgage their houses and buy fancy toys made in america (teslas are everywhere). Either that or the government mandated pension, money printing etc. has ballooned the value of their stocks and shares.
These people are overwhelmingly left wing and from their tesla and large house will vote for more taxes on income. Businesses just 20 years ago could pay massively reduced taxes on dividends, that was shouted at as "unfair" so now if you own a business you are paying 60%+ tax too. This is in comparison to large American multinationals who can come to the Netherlands and be given tax rates which are secretly discussed. How can a small Dutch business paying 60% tax on profits to owners compete with an American multinational paying close to 0%?
American multinationals don't want to invest in their workers so their is a rise in gig work and there is an increasing production of unskilled graduates who are 27 and never worked a day in their life but are coddled by the state to do so (and therefore vote for more of that)
I can't wait to leave. I have family here but by god do I hate it.
Edit: may I add that inflation in the US is much lower than EU and houses are half the price in many places for much nicer ones. It's blatantly clear that a lot of the US is massively wealthier than the EU but the news puts out constant US bad. The EU has traded the prosperity and success of it's nations for the comfort of the lowest common denominator in it's societies. As a result it will have neither. The US produces and innovates, the EU regulatez
For anyone who has been to Asia, and lived in te West over the past 10 yeers, this video does not make any sense.
The real issue is displacement of the smart, qualified, experienced and more expensive staff to a low cost of living economies, through a immigration of poorly qualified people with dubious cetifications and work ethic and, primarily, outsourcing. The economy is falling because of that.
This trend is driven mostly by american private equity firms, seeking to lower the cost, but in fact this is killing the industries in developed countries. Here in UK, this trend intensified since 2008, and now most jobs are either outsourced or performed by migrants. And yes - the UK is in deep slump, with skyrocketing real estate and mass immigration industry (including dubious colleges) being the only source of the economic activity.
And we are expected to believe that the immigration from developing countries is good for the western economy, we've just need even more for the benefits to be realised.
The eviedence shows the opposite.
One big issue is that in Germany and probably most parts of Europe, you NEED a degree. It doesn’t matter if you’re talented and skilled enough to be the world’s most brilliant IT security specialist if you for some reason fail math III and have to leave university. While a US company may take a chance on a citizen without a degree but an awesome portfolio, in Germany being one of the rare ones to be given such a chance would still have you paid worse than a cashier at a supermarket. I’ve seen IT wizard chads succumb to the rigid and inflexible structures within academia. If you haven’t got the funds and willpower to create your own company (good luck finding investors without a degree), your ideas won’t get out there.
I'm a French engineer, and I'm fed up with all these stupid laws and politics preventing my country from developing. So, I consider leaving and work for the US. Not only dumb laws and politics, there's also lower salaries in France and a CRAZY ton of bureaucracy that makes me puke...
Long live the United States of America ❤❤
Because in Europe everything new is “not allowed” and needs legislation before it can be done properly at which time you need expensive lawyers to do it, which means you need investors for every useful business.
Salaries are low.
On top of that taxes are huge.
Why would anyone start a tech business there?
A local business, yes sure.
But Europe doesn’t offer a good mix of incentives for talents to start their business there.
I live there so yeah. I feel it daily.
As someone who moved thr UK i found the system really works against those in the middle
If you are so poor you dont care as yoi are on tjr welfare
If you are so rich you dont care if you get 50% taken off (not to mention the variety of tax planning tools at your desposal)
But you just earn enough to pay tax you shoulder a huge burden
Im not saying you should have a totally unfettered model - it is impossible when you run a sizable country you hv to shoulder a more complete system - but any time anyone from africa speak of their aspiration they talk about being the next singapore not the next europe
People can say what they want about the US, but there is absolutely no comparison between the US and the EU when it comes to salaries. Coming from Ireland and working in the US, I have seen new graduates earn $60,000 starting salary in their first job, sales reps make $100,000+ for part-time work, anything under $60-70k described as "nothing" by almost all Americans I interact with. And doctors, surgeons, lawyers, etc easily make anywhere from $200-500k a year. These salaries are generally unattainable in the EU with most jobs for graduates starting at under €30,000 and the vast majority of skilled professionals will never exceed €60-80k per year in their careers except for a couple of select professions (usually those working for American companies). In my opinion the cause is regulation of business & smaller, regional markets which makes it harder to businesses to expand in the same way that they can in the US where you have 350m people across a landmass larger than continental Europe who all speak the same language, and while individual states do have their own laws, it is much easier to navigate when they all speak the same language and many lawyers are proficient in advising across multiple states. It is also easier to start a successful business in the US due to the higher level of consumerism and spending that comes from higher salaries & greater access to credit (I have friends in the US who have credit cards with over $80k limits). It's easier to sell new products to people with money or at least credit than it is to sell new products to the average European who makes €35k a year and has no credit cards. All of this drives salaries higher and higher to meet peoples' expectations. Last time I was in NY I met a Scottish guy in a bar in his early 30's who was making $500k a year selling some kind of insurance. Even if he was paying $3-4k a month in rent in NYC he was still living the high life.
So are you saying American market is sustained by debt and credit cards? While Europeans are more savers…. That’ s why ALL economic crisis come from Usa… americans spend , spend and spend … until it’ s impossible for them to repay their debts, then banks don’t have money and welcome to another 2008
Old Europe is getting complacent and old. No ambition.
As an person from the USA, I think its very ironic that much of our intellectual workforce comes from outside immigration where they have access to high quality education for free while most Americans cannot even attend a university due to outrageous tuition prices. The USA provides a high risk/high reward society that is attractive, but regular US citizens are slowly being priced out of that opportunity due to high debt and more likelihood to take jobs that underemploy themselves for lack of money to take risk and be placed in those high reward jobs. Then this encourages immigrants of those who could afford our education, like wealthy Europeans and Asians, who then enter into our workforce and have enough capital not to worry for things like home affordability or our outrageous healthcare system. The reality is that most Americans that are not fortunate to be born into wealth are often living a totally different reality than our immigrant workforce, where the likelihood of raising capital, buying a home, and raising a family is out of reach.
On the other side, Europe seems very attractive to me for their lower educational costs and better welfare system provides certain security that it might attract immigrants from the United States. I know europe is struggling with the same housing crises and job security a lot of Gen Z'ers are experiencing, but if the EU can find a balance of their strong welfare systems and their ability to provide an ecosystem of entrepreneurship that local citizens can participate in, might be good for you all.
Europe allows migrants with no ambition to live for free
This is just my opinion (PhD educated, early 30s Spanish European), but these are my top reasons for wanting to leave, and many have already been mentioned in the comments below, so I'll start with the less often mentioned:
1- *This country is extremely hostile towards intellectuals.* Taking into account the lost years of study and the cost of university, the average PhD holder will barely earn more in his lifetime than a middle school dropout. And you won't get any social credit either. In fact, I've even been openly disrespected by a couple of older folks because of that.
2- *I did not feel valued by my university, nor by the public educational system.* You are treated by the older professors as a tool to get the credits they need for their salary increases. You are given no freedom and, most likely, they will not even understand your thesis. Academia values seniority so much, that it has become stagnant and left no opportunities for young innovators.
3- *Every single institution has been corrupted by ideologues that are destroying our future for short-term benefits.* This country is completely dominated by incompetent demagogues that have risen to power by telling willingly ignorant voters what they wanted to hear. We had the disgrace of having a dictatorship end without a real reparation, so, I guess you can imagine how polarization and tribalism has "salted the earth" for any real political culture.
4- *Taxes and regulations are making social mobility impossible for the younger generations.* More than half of our gross salary is taken by the state and spent on increasingly unnecessary stuff (most of that is just "buying" votes). Many unreasonable laws are passed, making almost every aspect of a young person's life miserable, and making almost everyone who's not retired poorer.
5- *Let's be honest, Europe is just an undercover gerontocracy.* If you have read to this point, you have likely seen a pattern. We are a society full of old people, and, since we are a democracy, that makes them hold the most power. Despite retired Spaniards being, by far, the richest age group in the country, they are also the only ones whose wealth has not decreased, but increased, in the last 20 years of Spanish history. Why? Because politicians want their votes, so taxes are increasingly an undercover wealth transfer from the poorer young to the richer old; disproportionate mandatory privileges for seniority in public institutions and even private businesses is vote-buying for an aging working population; and the tribalist mentality and hostility towards new ideas is just favoring the old ways...
Add to that the cultural cataclysm we are experiencing (for the first time ever, teenagers are growing up with IQs lower that the last generation, lower motivation and values, higher criminality, and more mental problems and addictions), and you'll quickly understand why I want to leave. This is going to turn very, very nasty in 5 to 10 years... No, thanks, there are other countries that make me feel actually appreciated.
Which countries ?
@@i.abraham1850 East Asia, mostly. For example, China offered to pay me just to go study there, and with better living conditions than the local population, and pretty much every Chinese person I have met has showed great respect and admiration for my accomplishments. Here, even the national space agency's scholarship I was offered was laughable.
Vente a Australia. Tiene sus problemas (crisis de vivienda fuerte), pero va mucho mejor que la UE y no es tan arriesgado como EEUU. Es un buen punto intermedio ;)
I can feel that 2nd one, seniority over anything ruins opportunity
EU wanted to make it comfortable for everyone but ended up being an inconvenience for the majority of its denizens
Can relate. European salaries SUCK. As a software engineer I do exactly the same job as someone in the US, but they get paid 2-3 times more the salary while housing and literally everything else is CHEAPER including the healthcare. If I could - I would move to the US, good luck to all who does green card lottery too. If European countries can't deal with stagnation and high taxes - me and most of everyone I know will move out by the end of the decade. It just makes no sense to work for these pennies
Fake
You're right about the salaries but housing is definitely not cheaper in the US. In NY average rent is $5500. California will probably be worse. Keep in mind that if you find a job in the US, you're probably be living in NY, cali, or Texas, all of which have insane housing costs.
@@JavaProgrammingifyYou're forgetting that the US is nearly as big as the entire continent of Europe. NY and Cali aren't the only big cities where you can get a really high paying job or paying a lot for rent. Also, Texas is incredibly affordable compared to Cali or NY.
@@rainycitygirl this is totally not fake , I relate a lot. it's not only the US.
you can do all the math you want,compare everything purchasing power disposable income , social gathering ...
For someone with a master degree in tech, EU suck.
@@rainycitygirl Sure, but you also don't have to live in Berlin or Paris. European countryside is also cheap. Not to mention you can move to a place like Estonia or Portugal and it'll be significantly cheaper.
I remember a cousin of my gf coming back to Spain after a few years working in Norway... and she had to pay taxes bc of having worked abroad .-. how tf are we supposed to attract talent back???
As others have said, the main issue dragging Europe down is its byzantine bureaucracy. Educated people speak English and/or French everywhere, and the high taxes are worth it for what you get in return? But there's so much red tape everywhere... and if you take a wrong career choice, it can cost you dearly in the long run.
I have a special love-hate relationship with the USA as a European. Granted, I've only been there once on vacation, but apart from Dutch politics I follow American politics the most. The USA are polarized to the bone, the disparity between rich and poor is enormous and health issues are the number one cause for personal bankruptcy, I reckon. As long as you're doing good, I suppose it's worth it. Given the great differences between people locating on either side close to the Atlantic and Pacific and those more inland, as long as you stay in your own bubble as a highly educated, free-thinking individual, you won't experience how backwards it (in my opinion) is in other circles.
I am from Latin America but I live in Europe and have been to the USA hundreds of times… I know many Europeans that don’t like USA… but most of them have been there only once or not at all… but the ones who have spent some time in the country… develop a good feeling towards the USA… some even remain there… so there must be something… I understand them…
@@estebanmunoz7486 That might be. I judge the USA based upon politics and international relations and its history and contemporary stance as the hegemon during the 20th century, now going into the 21st century, not how an average social circle would be when living there for extended periods of time.
It might very well be that the average citizen and group as your acquaintances are a pleasure to be around, as is the case in many other countries. The fact that it is far from inconceivable the USA are advancing toward a second Civil War and/or the mingling in international affairs to preserve its power in world politics might doom the human species weighs heavier to me.
This viewpoint has been developed over an extended period of time studying history, geopolitics and international relations.
Lastly, there are somewhere around 70 to 80 million Christian fundamentalists in the USA, a minority with considerable voting power, vocal and with pronounced political influence, who have a version of The Book of Revelation where earth will end up in flames and they will ascend to The Kingdom of The Lord, while the rest of the world's populace perishes in hellfire. Every (geopolitical) move into that direction is loudly applauded (not very Christian, if you'd ask me).I personally, sincerely hope this won't become a self-fulfilling prophecy!
Dunning-kruger in full effect. No American would ever claim to be an expert on any European country merely by observing it from the outside. And Europeans wonder why Americans think they are so smug and ignorant.
You are biased, many people consider america's conservative politics a plus, I can say that as a Canadian, 40% of canada is just as conservative as the US and those people like that, the other 60% might not but they can live in their california bubble.
@@PrometheusUnbound-zy1nc
I'm interested to hear your perspective on how a civil war in the US would work. Who would be the two sides? Where would they be geographically? How would they arm and sustain themselves against the US military? What would be their rallying points? I'm an American living in California, my close family lives in Texas, AZ, and Washington, and yet I can't answer these questions.
I'm so sick of people saying, "Oh, Europe has public transportation, you can walk the streets." No, transportation is terrible, especially in Germany. Regional trains have a life of their own. All my German colleagues have two cars. So what's the advantage of Europe like this? Better than the USA - you earn good money, you drive your own car everywhere, everything is comfortable, no fuss, there is freedom. And in Germany, you're like a prisoner.
Transportation is much worse here. Your "freedom" is being forced to lock yourself up in a 2 ton metal box to get anywhere. It's like prison
@@4775HpPjcooldudeHow is it prison? It keeps me away from the obese, ugly people that are Americans in 2024. The Americans of the 1950s looked so much better. Until the US mandates a dress code, let's keep cars.
Germany is just fine
Another thing, the wages for the same high end job positions are astronomically different when compared to the US.
A good software developer can make up to 60-80k in Spain. The same developer with the same skills and at least a B1 in English could end up making 100-150k in the US.
And before you say it, yes, cost of living is much lower in EU, but that is set back by the high tax rates.
Also, if you’re an investor type of person, US just makes more sense because you can get more buck for your work since stocks tend to cost around the same amount internationally, so the US residents can compoubd easier because they can afford to put more money in and thus get more shares.
Hmm...calling the united states a meritocracy is kind of a stretch... it's more of a corporatocracy by now...
Idk as an american I agree with the description of meritocracy.
@@brandonf1260 Guess you are the lucky american
It is interesting. Europe has a good reputation for things like luxury goods and high precision engineering, but not in "tech". The tech startup business in the US is very volatile and wasteful, with a lot of it being parasitic upon government research (or other common actions such as espionage, or poaching of global talent). Perhaps it is a combination of a sort of EU appearance "fiscal responsibility" leading to less "free money" to invest carelessly and the centralised EU research not handing so many neatly packaged military secrets out.
The US dominates the EU in manufacturing output now, East Asia produces both in chips, EVs, electronic goods etc.
Luxury goods are a European niche due to cultural and historical reasons.
We came to germany as a doctor, already second month still cant find an afforrable apartment, living in a temporary studio. Burocracy, high prices, low salaries, aging population, high energy cost. Hopefully we wont stuck here for long.
از ایران؟
bullsh1t
I just started my internship in a German company and despite all the benefits, such as great working culture and a good work-life balance, I, unfortunately, have noticed that the company is not willing to innovate and would rather stick to its old ways. As mentioned by another commentator, the risk aversion is just over the top; I work in a financial department and it’s extremely strange to me that the only method of depreciation in use is the linear one, which is usually worse than the accelerated method. And I feel like this approach is rather common in Germany, and it doesn’t appeal to me to be honest.
I'm one of those high skilled workers (about to move to the US for a postdoc). And I can frankly say that Europe isn't the best place to start an academic career, but it seems an excellent place to end one. The pay for a post-doc in the states is typically set by the NIH payscale, and one typically gets health insurance as a benefit. Add to that the 13% effective tax rate I would face in America and suddenly the higher cost of living is more than compensated for. Why would I start my career here?
Can I please ask how much you were compensate annually during your PhD studies? Here in Ireland, PhDs don't even make 2/3's of the minimum wage...I'm fed up of eating plain rice.
@@jamiegrant5955 2100 a month after tax (got a raise the month I leave...), but it's from the Max Planck society which is better than being employed at a university.
@@krazoe6258 Thanks very much!
Mistral and other AI French startups were already working in Paris, where Meta and Google have research centers but indeed many are coming back
It is simple when we just go half way with scientific projects. Like the hermis space plane that was cancelled during the 1990s. There several projects that never get finished because there is a lot of under investments. The primary problem for the EU is that it is too unfocused on what it want to do. If the EU could focus on specific goals we would lead the world when it comes to research and more people would like to do research in europe.
Instead of very little money in to many projects we can just take a lot of money in a few projects instead. It is the main issue for the EU is that it can never focus resources because of its confederate nature. This means nothing can really get done and we can only achieve half measures.
We could have launched our own astronauts during the 2000s but instead we decided to hitch a ride america then russia. If the EU wants to retain talent then the EU should do ambitious projects and see it all the way through rather then ditching the people working on it last minute. We have the money and the resources but we lack unity and focus, that is the reason why any project will fail.
TBF europe seems to lead in research... huge amount of projects and things going on. Just that doesnt bring revenue and companies as much. You are right considering amount of taxmoney put there, it aint as impressive anymore.
TBF european scientists are top notch in world, no need to get new talent. that is not problem. On other hand there are PhD fundings that cripple their career, they get 1year contract, then have to leave and find new job, so that hardly benefits anyone. To me EU monopolizing these has caused these kind of issues in many aspects. Before EU intervening, countries could do very longterm planning of projects with national taxmoney and ESA joint programs also.
I am an Indian immigrant who grew up and is attending college in the US for a professional degree interested in immigrating out of the US. How open is Europe to western-educated immigrants like me? I mean both in terms of opportunities as well as culture, which I do understand would vary from country to country.
Not worth it. In the US it's truly multicultural, but here you will almost always be the outsider.
here in berlin are many indian immigrants, also in rest of germany. I see them all the time at the companies as software [put in want you want]. so, just search for a city with high migration from india and you are good to go. otherwise you will be surely be an outsider, like the comment before me mentioned
Simple. Europe's gigantic taxes and lack of funding lead the companies and rich to run away.
Umm no. Europe is full of wealth but the money is in tax havens.
The rich and big companies aren't the ones paying the taxes 😂
Patent creation don’t have the same standards in the US. It is easier to create a patent in the us than in france.
Compare the people that stay from european countries to us states. I would be curious on that data.
YT has been recommending this video to me for about a week. The funny thing is that the other recommended video under this video is always the one titled "hollywood's obsession with ambition". If YT keeps recommending it for a while, maybe I will watch both of them one day.
Why will intelligent students from NON EU prefer to come to EU? They face blind racism many times where Europeans cannot distinguish between refugees and students. Why will they come to have an additional burden of learning another language without which they will be further discriminated against?
Students can and will prefer English speaking nations and EU can bridge the gap by ensuring it's own natives study better. In this way, everyone wins and EU gets a homogeneous society which it craves for and students get a better life in different continents.
From an European: it's not worth it. The living in Europe is insalenly high, the pay for innovation is to low to incentives young people. Basically, it is easier to apply for social income than waste time and money do go to university and then waste half your life to innovate. It's just not worth it!
Could you link the papers and sources used? I would like to look at them for research purposes.
If was easier to migrate to USA, I would be there for sure.
Working in Europe is actively punished by a confiscatory level of taxes.
Living in the US is actively punished by braindead politician and born again religious fanatic.
Add up all the multiple layers of forms of U$A taxation. For most working people, it all adds up to about 42% deductions, with about 1/3 the protections.
Then look up the insanely evil U$A medical charges.
Yes, the U$A generates cash flow, but look up the U$A average income, house, car, and debt numbers.
@@rabokarabekian409 it added up to 65% for me in France before I gave up on the system. And don't think our medical system is much better, sure it's cheaper but the trade off is shortages and +6 month delay for some appointments.
@@rabokarabekian409USA rules the world regardless and are leaving EU behind, everything else just subjective talk
Especially them Nordic countries. Sweden's $25 china buffet thanks to its 40+% sales tax.