Between SK and China, SK's per capita income is not far off from US but China's is. I am surprised China is able to compete better than US purely on financial might.
If you make 1000000 but all of that does down the drain because the country you earn it in doesn't have common facilities available you end up with a pretty bad bottom line.
This means for the whole waiting period you need to be employed (in a job that's related to your degree) or you lose legal status.
Compare this to Canada where you arrive with permanent residency, have good healthcare and don't have to worry about losing your residence. Easier to put down roots.
The best deal is for those who earn their stock grants in the US and make a mid-career move to Canada. They start with a good asset base.
The stock grants in US ones definitely are better off, a lot of Europeans also use this and go back.
For Chinese, it's becoming more and more attractive to just stay back (current geopolitical tensions aren't helping).
If you're a EU citizen, grad school in the US is not that attractive comparitively unless you're specifically targeting a lab. Over there you have flexible options like doing a PhD through research projects at work (some govts even give you a subsidy for this). Full time grad students have decent benefits too.
For Chinese, I think there are a lot of other strong reasons to stay back. As I understand from the amount of research coming out of their unis in mainland, they seem to have improved a lot there. Also, R&D in some industries reaching on par to Western counterparts, with jobs paying quite well in big cities, so little reason for them to move away from their homeland.
More than a dozen of my friends who graduated at the same time did similarly, both those who went on to grad school and those who went into industry. This wasn't because there weren't options for us in the US — we all had choices. The honest truth is that, among those bright people I knew in undergrad, the large majority (Americans and international alike) were wholly disgusted by the US in recent years, and being unable to effect any change, they left the country.
As for myself, I have avoided any position that requires me to move in the US. I take a substantial cut because of COL adjustments, but I'm not that interested FU money.
I think the cutting edge stuff is getting less pronounced now because of either global offices/remote or ease of access of resources anywhere.
It still is. you theory is that it suddenly stopped being that country suddenly from April of this year? Totally absurd logic. Check back how many ppl apply for h1b next year when pandemic is over.
Edit: actually, it's a bit more than one - I have friends who work for SV companies in their London offices and they all rejected real offers to move to US(with an increase in pay) citing issues plaguing the country. My cousin had a transfer visa already arranged and ready and changed his mind for the same reason - US is just not an attractive country to move to. Or at least in my mind it's equal to Russia as a place to live in - I'd consider it for good money but it's not normally on my list because it seems like the systematic issues of the country are off putting.
:)
stupid amount of money , what would this be for you, compared to current amount of money you make?
> with an increase in pay
Maybe they were low balled. I will bet my house that they will move to SV in a heartbeat if they were paid what SV engineers get paid. Just wait till pandemic is over.
>>. I will bet my house that they will move to SV in a heartbeat if they were paid what SV engineers get paid
I don't know, I have a friend who moved from a £50k/year job in UK to a $250k/year job in the US(SV) and he's currently planning to move back, he massively dislikes everything about working and living in the US. Money isn't everything. But of course, these are anecdotes.
Tell me when he actually moves back :), i guarantee you that he is BS-ing.
All my indian friends always talk about "moving back" but we never do. Everyone knows that its BS but we let it slide.
remember all the celebreties that vowed to renounce their citizenship if trump is elected. Yep, they are still here. every one of them.
Once you have “enough” you don’t have to make choices based on making more.
You mean if I were hypothetically 27 years old, with a 3100 square foot house in the burbs where I am paying $2200/month mortgage, married with 2.1 kids, both my wife and I working and we are able to put one spouses entire salary toward long term goals, I could move to SV, work 10 years and move somewhere cheaper to buy the big house in the burbs so I could enjoy the nice laid back life that I already enjoy?
I was a lot older when that decision became a realistic possibility for me to pursue. But I made the same calculation. In hindsight, I’m glad I did. I chose to go down a road that allowed me to work remotely for BigTech. But I had no idea that I would fall into this position. I thought I would be working for a local consulting company at best when my youngest graduated.
Maybe you already live in a rich country. My savings went from ~20k to ~150k / yr (not counting investment market growth). I actually have a better lifestyle and vacations here, eg: I spent 2 weeks skiing this year in mid Jan in brekenridge, CO, something I couldn't even dream of in my home country.
So, yea if you are already from a rich country where a software dev can afford 2 brand new cars then it doesn't make sense. correct. "BS of American life" is a matter of perspective, to me america is heaven on earth.
If I was offered a good contract I won't lie, I would think about it, but it's still pretty attractive compared to anywhere else.
I don't see any reason to "not move no matter what". It's definitely in the top list of desirability. I'm pretty sure that I would have an easier time making friends and a life for myself in the US than in Germany or most northern-european countries, and if you're qualified enough you'll make decent money.
Now imagine you're a top IT guy in some poor country. Do you really think that it would be that difficult decision? It's easy to say "meh" when you live in Europe.
Well yes, obviously this was spoken from a perspective of a European so moving to US is not exactly appealing. But if you're from somewhere else then I can see how US would be at or near the top of your list.
Come on. Really. Equal to Russia.
We're reaching levels of antiUS kneejerking that shouldn't be possible. On the upside, salaries here will grow, which is nice.
You've established a hierarchy and placed both countries at the same level, thus making them the same.
Poppycock.
That runs counter to the article's statement there were a record number of applications.
Something happened between the application deadline in early April & now, and that something is quite obviously COVID-19.
http://www.allgov.com/news/us-and-the-world/record-number-of...
https://www.bloomberg.com/news/articles/2015-05-07/americans...
another one from 2017
https://www.washingtonpost.com/news/worldviews/wp/2017/02/10...
> compared to the prior year
why only compare it to previous year? Previous year was the lowest. ~450 compared to ~3500 in 2014.
Alternate headline from last year:
CNN: Record number of americans not giving up citizenship .A fall of 600% compared to Obama presidency.
2. I may be wrong, but if you get H1 completely approved the clock starts ticking even if you are unable to travel to US
3. Looks like students\ppl already here picked up, and those coming from outside did not because in spite of having sponsor (a consulting company), they have to find job in pandemic job market and of course travel restrictions.
America is still the place smart people want to come.
edit: i would appreciate feedback while you downvote me, what the disagreement is.