EDIT: Parent edited while I was writing this but I let my original post for the sake of the argument
I think you misunderstood my question, sorry if it was not clear : What kind of healthcare do I have in those situations ?
In most of Europe you have access to very good healthcare with no conditions attached. You get covered in all those situations. Of course if you are a young single tech worker with no health issue this does not feel important but accidents happen, illness happens.
I mean it is great that the US is 2nd for being pro business but being in pre-brexit UK, Germany or France don't harm your business prospects. I worked for smallish French companies (~20 employees) whose customers were mainly Americans it never seemed that it was a problem.
I mean you propose
> Most companies pay for your college, or if not the entire term, at least 2 years. You could also go to one of our excellent community colleges for peanuts.
Here if you manage to join our very best engineering schools you get paid for attending. The rest is not higher than 1000$ and the most expensive schools are business school with tuitions of at most 20k$/year. We also have online courses. And degrees are less and less important everywhere in the western world. I am a college dropout and it never hurt my career in Europe
Or you say
> Outside of the heavily taxed Northern European countries, not many countries in Europe take care of you and your family member full time outside of some fringe benefits
For the sake of the argument, let's assume that as you say it is not that common in EU. The good thing here is that neither you nor your family member will have to pay absurd amount of money for healthcare and as I said above
> "a very large part of people who fell into poverty in the US did so because of unexpected health problems that would be taken care of in most European countries."
See : https://eu.usatoday.com/story/money/personalfinance/2017/05/...
"medical debt is the No. 1 source of personal bankruptcy filings in the U.S., and in 2014, an estimated 40% of Americans racked up debt resulting from a medical issue."
I (personally) don't believe that a country can be a meritocratic society if getting ill at a bad moment in your life requires you to take "that extra 30% of your income you are not taxed, and opening up a high-yield portfolio for a rainy day" to pay healthcare bills that are way higher that in Europe.
I mean even without healthcare insurance whether public or private : A surgery at the hospital I was born in cost 1660,43 €. Any surgery. They have a price for what they call "Costly Specialty", it is 2734,85 €. So you are not European or you don't have any healthcare insurance, this is the worst case scenario for you here. We can do the comparison for almost every treatment and even without insurance it is ridiculously way cheaper because of the bargaining power a state who provides healthcare to millions of people have vs big pharma.
The thing that you seem to miss with your high salaries (here in tech) is that you spend a lot of money paying people with high salaries (here health professional) so they can pay back their excessive college debt, that allowed them to pay some the most expensive universities in the world.
And this pattern is everywhere when you deal with american knowledge economy including 150k$ tech workers who most likely have an education related debt. How indebted fresh graduates are supposed to live in one of the most expensive area of the world and to pay off their debt without this kind of salaries ? Now compare that to a debt free engineer at 75k$ living in Berlin whose only future debt "risk" is a mortgage
And if it really was an issue this same person could close the gap in revenue by becoming a freelance or working for a Swiss or Luxembourgian company as a remote or trans-border employee since we have a free-market with freedom of movement across more than two dozen countries.
So I don't say that to convince you that you need public healthcare and public education nor that EU is better. I try to make you understand that in reality an European engineer with a "75k$ in EU vs 150k$ in US" kind of choice will not care because in the end it is the same thing. In the end US and EU have quite different economies, very different social structures and very different labor laws. Labor markets take all of that into account into the wages.
Now for the stock there can be an important difference, I always had shares in my previous companies and I know that big companies give some too. I don't know if FAANG gives stock in EU. I doubt that we have many EU companies that gives as much stock but more importantly I doubt that there are many company anywhere in the world including in the US whose performance in stock exchanges is as good as FAANG's