I doubt you break your leg every year though. The kind of companies that we're talking about (big tech that are national champions) offers health insurance (among other benefits) and 200-500k USD/year salaries.
I think culture and quality of life not withstanding, the raw numbers simply don't favor the EU becoming a tech leader with the current incentives.
The thing is that in Europe, you don't need your employer to have health insurance. It's more beneficial for everyone in the end (well, obviously not for the private health insurance companies who care more about their margins than public wellness).
I really don't see money as an incentive. Political and economic stability of the whole country is much more important. Of course you need enough to afford food and roof, but after that, I'm not chasing it.
I'm a freelance, and I take fun jobs, not jobs that pay well.
Quality of life in places like San Francisco and New York is very high, and you get the insane salaries, and your healthcare is oftentimes mostly if not completely covered by your employer (I pay literally $0 out of pocket for high quality healthcare here in San Francisco).
> Quality of life in places like San Francisco and New York is very high
Quality of life is also a cultural thing. I know it's hard to understand for US people (I truly believe it is the case for cultural reasons), but many people really don't want the lifestyle of the US for all sorts of reasons. For some people, quality of life means easy access to healthy food, or to nature, seeing trees instead of giant concrete parking lots or 6-lanes highways, etc.
Have you ever been to San Francisco? How many 6 lane highways do you think exist in the city of San Francisco?
I can tell you (I live here) -- there are none. SF is one of the most beautiful cities on Earth, and I'm trying my hardest to visit as many cities on earth as possible.
A analogy for major health events that demand a lot of money, to which I replied you don't have $major_health_event every year. Interesting that you didn't pick that up.
If its not just breaking a leg, than you can be sure that you'll have at least one or two in a 10 or 20 years, each one you'd have to pay more than 50kUSD or more for full treatment including pills. In most of Europe, you'll be paying close to 0.
I think culture and quality of life not withstanding, the raw numbers simply don't favor the EU becoming a tech leader with the current incentives.