Salary is that high in the US because we have no social net or price caps here. Your on your own for everything. Healthcare, retirement, overpriced homes, out of control rent, etc
Overpriced homes, out of control rent, retirement are extremely problematic in a lot of European countries. And in the US, healthcare is usually covered by the company (talking about big tech corps).
So the extremely high salary is still a net positive compared to EU
With this in mind, it's just a good salary. Until they have competition squeezing them on margins it looks like an OK approach. At some point their board most likely won't agree with paying some people below market rates for important roles and other more fungible roles paying 2-3x market rates but while they can keep doing it, it's great free marketing.
Wouldn't an employee making that $201k salary in another country be responsible for paying all the taxes to support the socialized healthcare, etc? In other words the take home pay may be significantly less.
Other taxes (GST~VAT 15%, city rates, high petrol excise, etcetera) will easily take another $10k. Interest on your home is not deductible (NZ has very few deductables). People earning six figures will often pay for private health insurance and medical fees on top of the socialised healthcare - maybe another few thousand.
retirement is covered by social security
healthcare by insurance (offered by the state if you can't afford it yourself)
homes, etc is true though and we just need to build more inventory IMO. but there are tons of areas with affordable homes, they just aren't near the big cities like NYC or SF or LA
You can not live on Social Security, no way. If you don't have a job your not getting healthcare and even if your job provides healthcare. Its too expensive to actually use. Also you need to be living below poverty wages before a state will give you healthcare.
