u/DeluxeSpoon

I’m a UK citizen but living in the US, working at a FAANG company. I’ve been given a budget to hire a team globally, which I can allocate to new openings in each country depending on how I need my team to be structured.

Anyway, I was shocked to see that the UK is in “tier 3“ salary cost alongside other countries which have significantly lower cost of living (Poland/Spain/Brazil, etc), and India and China are on tier 4. Canada and US are tier 1, Germany/France/Ireland are tier 2. A new role in the UK (London) would pay £80-120k, but that same role in the US (Seattle) is $350-450k, and it would be £60-100k in Poland which feels quite high vs UK.

My question is: how did UK salaries become so uncompetitive on a global basis? when did it start diverging and why?

Hey all, I’ve got the following set up for my investments, would love any feedback.

31M, no debt
main brokerage = this is my investment account where I’m putting about 10k in each month which is on Vanguard Digital Advisor. Intention is 60 VTI / 40 VXUS (some VEU for tax loss harvesting)
other brokerage account = experimenting with other funds (I know there is some overlap between the funds)
roth Ira = just started this last year, in VTI and VXUS
I’m worried about US stocks being overvalued so holding a lot in cash at the moment (I just sold some of my employer RSUs and kept in cash).

My Q is: what would you put cash into? I feel like the markets are due a correction but I don’t want to hold cash for long

Why are UK salaries so uncompetitive at a global level?