A lot of folks here are calling out the lower pay for SWEs in Europe and Canada as a failure - but also praise the low wealth inequality and low income inequality in Europe and Canada.
You can't have low inequality by definition if you decide to start paying one group a ton of money.
Well, this is a lot like the housing conversation in the US. "I want my house to go up in value, and be a great investment!" Also: "Why can't I afford a house?"
You can't have your cake and eat it too.
It's not necessarily a failure, it's just a different place to draw the line on social contract. While individual contributors earn less the social safety net also makes it much easier to found and grow a business without the threat of death and guarantees a peaceable minimum standard of living. It's also worth pointing out that salary, especially at high seniority levels, becomes a smaller and smaller part of total compensation.
You can't have low inequality by definition if you decide to start paying one group a ton of money.
Well, this is a lot like the housing conversation in the US. "I want my house to go up in value, and be a great investment!" Also: "Why can't I afford a house?"
You can't have your cake and eat it too.
It's not necessarily a failure, it's just a different place to draw the line on social contract. While individual contributors earn less the social safety net also makes it much easier to found and grow a business without the threat of death and guarantees a peaceable minimum standard of living. It's also worth pointing out that salary, especially at high seniority levels, becomes a smaller and smaller part of total compensation.