Title: It is often mentioned that Software Engineer salaries in Europe are significantly lower compared to US salaries, even adjusting for lower Cost of Living.<p>The consensus on why that is seems to be:
* Individual contributors in Europe are not as valued as much as managerial professions, due to cultural&#x2F;historical reasons<p>* Salaries in the US are skewed due to the presence of FAANG companies and VC money, which inflate salaries through the large amount of capital they inject in the system<p>* Europe has less freedom of enterprise (debatable), is in general more risk averse, and has a less dynamic job market (more difficult to fire lower performers), which results in lower wages to compensate for these factors.<p>Reasons aside, how can the European tech job market become more competitive?
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