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I have a really hard time believing theres higher quality talent in Europe in general.

Why? The EU has a higher population than the US and it has many top notch universities.

Europe tends to lose many of its tech talents to the US, but if you pay comparable salaries you'll keep them.

Because on average all of the top talent goes to the US companies that pay an order of magnitude more than the locals (FAANG).

Hyperbole much? I earn around 100k€ in Munich. You‘re saying the local google or apple would pay me a million per year? Wow.

Well not million but 500-600k sure.

My point was that there is local talent. Just pay US salaries and it will stay put.

In Europe college and university is cheaper (and in some places free). Also kids and younger persons are more tech savvy in Europe.