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Elon Musk followers turn on him after he backs importing 'super talented engineers'
(www.rawstory.com)
this post was submitted on 26 Dec 2024
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politics
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The goal is to lower US labor costs to below European ones and more akin to the typical 50k/year indentured servitude india H1B worker salary.
Average European labour costs tend to match the average US costs because of taxes and government services paid for from taxes being different.
On the one hand, I barely get six figures in EUR as a mid-senior engineer. On the other, my rent is capped at below 20% of my take home for a large penthouse, my insurance is 140 EUR and valid everywhere across Europe, no extra costs, dental included. If I get fired, I get years of unemployment. Years.
From someone with a background in pharma, I have seen many specialist level employees making more than manager level french bosses to the point where they actively manage you out to save money.
I've never seen any of my french colleagues telling me how cheap their housing costs are and how nice their commute is on their commute into paris.
Don't get me wrong, QOL is better and i'm for effectively everything most european countries are pushing for public policy wise (excepting the recent right wing nutty stuff going on.) I have never seen americans making less total comp than europeans for the same role within the same company. I haven't just worked in pharma either.
We have pharma sales reps making 150k-250k base + commission pay with nothing more than a generic bachelor's degree. Then they also get a company car, 15k/year insurance, 30 days PTO. No job security though, but that same job security you have is like a great wall of employment where everyone fights for contract roles in the hopes they get converted to internal, right? That's how it goes in France from what my colleagues have said.
I'm not saying total comp, in Europe there are significant costs of employing someone, both direct and indirect.
Social security contributions that don't factor into the gross wage. Or the fact you can't really fire them.
Nah, not really. Maybe its was for your friend in a specific sector in France. All my jobs were internal, and having contractors is very regulated as well.
Usually hiring a contractor is more expensive, since the contractor has to deal with all the regulatory stuff themselves, so in general, there is no supply of contractor labour for most jobs.
If you meet a contractor in Europe, they usually work for an agency, where they are a normal employee with the same rights as everyone else. If the client fires you, or technically the agency,, you generally get to be on paid vacation until the agency finds something else for you to do.