Comment by faangguyindia | Hacker News Reader

Comment by faangguyindia | Hacker News Reader

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I'd like to point out that FAANG high salary in US is cost of engaging brilliant minds who otherwise might work on competing products.

For example, FAANG in India pays 10x local salary of an average dev in India. A guy with skills who who makes 5x-10x local salary in India will not be available on freelance market simply because he neither is going to paid well for the time spent there vs social recognition for the efforts he gets working for better companies.

In Europe, it's much difficult to start a company and people aren't of typical mindset to jump start a company into global dominance.

This isn't the case in US, here any guy with a garage shop thinks he can spin a dominant business only targetting US market.

And how many people in US complete their college etc? So the competition among skilled people isn't intense as its in US.

You do not even need a collage degree to make good money in US but in Europe or India you absolutely need.

So there's less noise in employment market for developer in US and funding is easily available to quick start competition.

Most companies believe their most likely competitor will be from hot tech hubs in US (and history tells you same)

In US, it's like a guy who is on trajectory to build spaceship is being paid high to cut grass for Google, so that he can be distracted during his prime.

> In Europe, it's much difficult to start a company and people aren't of typical mindset to jump start a company into global dominance.

This is such a tired meme. It’s _orders of magnitude_ easier to start at company in a lot of European countries compared to the US.

Creation process is in a lot of cases filling in a web form, paying €100 and waiting a week or two (yes, yes, in know it not like that everywhere).

Furthermore, your health care is not tied to your employer which makes starting a company a lot less risky.

Is it easier to start a company poised for world dominance? No idea, but I do know it’s easier to start a small, sustainable business.

It’s certainly not easy to start a company posied for world dominance when a lot of local laws and culture prevent you from working your employees to the bone.

The average workweek in the Netherlands is 28 hours a week. You may shift this if you are a startup, but culture is certainly something that affects your propensity to generate unicorns.

Not sure if you’re presenting not being able to work your employee to the bone as something positive or something negative :)

It's not about starting company - in the literal sense as you write, because this is just an entry at some register somewhere.

Depending on the EU country, the experience may be nerve wrecking and some institutions treat you as a criminal for dearing to start your own business (typically in Eastern Europe). There is a lot of crabs in the bucket mentality from the communist times.

Then you have extremely complex legislation that is full of traps. Oh you forgot to send that form declaring something you thought irrelevant and nobody told you about? Here is the fine for you.

I know a couple of people who ended up with life changing financial troubles because their accountant messed something up, and not because their business was going bad.

Then you get the cliques and corruption in the cities. Your business is doing very well and you forgot to buy a dinner to a local politician? Too bad you would have learned his nephew has exactly the same business idea as yours. Month later your business is swarmed by all sorts of inspections from various government bodies. You can't do business and your customers think something is up with you and they no longer come. You end up having mental health problems and closing the business with debt.

Six months later your former clients call you to say that politicians nephew runs exactly the same business as you had in the office building you had rented. Politician's nephew offers you a job and you take it, because you are in debt.

This is how things work in Europe.

> You do not even need a collage degree to make good money in US but in Europe or India you absolutely need.

I'm in Europe and don't have a college degree. A recruiter asked me about it once, they were very quick to reply that my lack of degree was not a problem.

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