How Did Europe Fall So Far Behind? (In Tech)
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Europe is often described as one of the most developed regions in the world. In fact, it’s often even pointed to as the gold standard for various systems whether it be schooling or welfare, but there is one notable sector in which Europe has consistently been following behind: tech. Europe only has a few notable tech companies in the Fortune 500 while the rest of the list is dominated by American and Chinese tech companies. But, not only does Europe not have any mega-cap tech companies but they’re also being paid far less for the same positions almost like a second-world country. On average, European engineers are only paid about half as much as American engineers, and when we peel back the layers it’s not surprising why. In general, Europeans tend to have much more life balance meaning that companies can get far less productivity from each employee. Not to mention, Europeans aren’t necessarily always chasing the maximum compensation or title like their American counterparts. This video explains the various reasons why European tech workers are paid substantially less and how Europe got left so far behind.
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Timestamps:
0:00 - The State Of Europe
2:03 - The Disparity Visualized
5:41 - European Culture
9:11 - Contentment
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