Or rather why Europe pays so bad.
I wonder whats the reason behind many american companies being able to pay 200-400kusd a year while its hard to get past 100k usd in the richer countries of Europe (Germany, Scandinavia, UK, etc.). A junior in USA gets more than a senior in Europe. And after 10 years the american may get 2-4x the salary of the european counterpart. In contrast life in USA is often even cheaper.
- Are european companies greedy?
- Are european companies less competitive?
- Are the high taxes and equality in Europe pushing companies to not try harder to reward talent while USA rewards the high performers as they can see the benefits it brings?
I think sometimes its also the ilusion of safety. An european company can fire you basically at will in Denmark - its just not often people get fired unless the company is struggling a lot. But it can happen. I saw the case personally with someone getting fired because the manager didnt like him even though he worked well in a local company and no one beats and eye.
The american companies here still have at least some local managers. So perhaps theres some meetings a bit late sometimes but other than that its the same as a local company. Except you get paid way more for the same job.
And since they follow the same laws and regulations as any orher local company I think its better off to work for these. In the event you get fired you got some extra money by working in one and can get another job in another one after.