335
The salaries of Wikimedia executives are sparking an online debate about tech sector wages
(www.businessinsider.com)
this post was submitted on 14 Dec 2023
335 points (87.5% liked)
Technology
59574 readers
3041 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
US salaries are just completely bonkers. 500k is "mid-level facebook"? What the actual fuck? Europeans are getting completely shafted. They are the cheap, qualified, tech labor of the US.
One reason tech companies are able to give absurd salaries is to suppress competition. If they can price everyone else out from good engineers, they can keep competition low.
Well, we don't have these kind of tech...uh..."foundations" in Europe. But execs in other companies are getting 500k...
Last I checked GAFAM exist in Europe but don't pay close to what they pay their US counterparts. European companies also have CEOs that earn millions but still pay their software devs way below 100k€/year.
Oh I agree with that, it's just that there aren't many CEOs that get 6 or 7 millions as salary in the EU. These people are making their money elsewhere...