Why are average salaries in UK and EU looks much less compared to US for similar role, even with higher tax rates? Is it factoring in benefits such as free healthcare, education etc? Or is it just a matter of demand/supply?

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It's because Americans are objectively higher value πŸ˜ŽπŸˆπŸ‡ΊπŸ‡ΈπŸ¦…

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Because the socialist safety nets in the EU mean the cost of business is higher and it’s much harder to get rid of the talent. That means firms must hold more cash in reserve and pay the people less.

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Why is no one talking about cost of living?

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