One of the reasons for this discrepancy between salaries and housing prices could be the lack of affordable housing options in these cities.
As demand for housing continues to outpace supply, prices are driven up, making it difficult for individuals to find affordable housing even with a decent salary.
Additionally, factors such as gentrification, urban development, and foreign investment can also contribute to rising housing prices, further exacerbating the issue.
Another factor to consider is the role of large technology companies in this equation.
While some companies adjust salaries based on the cost of living in a particular city, others may not take into account the rising housing prices, leaving employees struggling to make ends meet.
This can create a sense of inequality and unfairness among employees, especially for those who are working hard but still find it difficult to afford housing in the city where they work.
In this episode of Tech Careers and Money Talk, we had the pleasure of speaking with Amin Neeme, an employee at Google who works in the partnership team for EMEA, focusing on voice AI partnerships through Google Assistant and data partnerships.
Amin shared his journey from the Middle East to working in big tech in Europe, and how his early career in risk management and equity derivative sales influenced his approach to personal finance.
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Listen to the full episode here:
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YouTube:
https://youtu.be/ULp7-Y5ag-8
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Audio Podcast:
https://www.techcareersandmoneytalk.com/tech-careers-in-europe
