A TikToker has finally explained why salaries are so much higher in America. Check it out:
While there are many drawbacks to living in the US, like extortionate healthcare prices, the salaries are on average higher than in the UK.
So, why does America pay more for the same job done in the UK? Well, Tory Trombley is here to explain.
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Tory often offers advice to her followers about how to break into the tech industry and in a recent video she clears up why America pays more.
"Unfortunately, it's a fact that you make a lot less money in the UK versus what you would make in the US," Tory explained.
"It's pretty standard that for any job that you have, you would make about 40 percent less in the UK versus what you would make in the US.
"So for example, if you're making a certain amount in the UK and you decide to move to New York City, then you'll get an immediate 40 percent pay raise. I've seen this happen in basically every industry except for some finance roles, but tech, consulting, finance, really anything."
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So, why is this the case? Well, Tory said that she's thinks it's down to one particular reason.
"And the only reason that I've been able to get from people in my company is that this is just the market rate in the UK, meaning that they can afford to just pay people less and people will still apply for the same jobs."
So, according to Tory we're being paid less because that's accepted as the standard rate.
"There's definitely something to be said for cost of living in the UK to be a lot lower than in the US."
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In response, many users commented on this fact, with one writing: "UK offer: annual leave + bank holidays, maternity leave, paternity leave, sick pay, NHS health service inc. dental, pension, disability benefits."
Meanwhile, another said: "but then it cost you 70k to see a doctor for 5mins"
A third echoed: "But how much annual leave to they get in US? & sick leave ? Also how is the work life balance ? Heard the US work culture is a lot more heavy."
However, anyone living in the UK for the past few months knows we are in the midst of a cost of living crisis that is only expected to get worse this October.
So, who fancies moving to America?
Shola Lee