The labor protections are basically ignored (you will be expected to work off the clock hours in any white collar role), and the free healthcare portion gets paid out of employer's pockets via taxes so it comes out the same as a $70-80k base (and associated taxes) would in much of the US.

There's a reason you don't see new grad hiring in France (where they actually try to enforce work hours), and they have a subsequently high youth unemployment rate.

Though even these new grad roles are at risk to move to CEE, where their administrations are giving massive tax holidays on the tune of $10-20k per employee if you invest enough.

And the skills gap I mentioned about CS in the US exists in Weatern Europe as well. CEE, Israel, and India are the only large tech hubs that still treat CS as an engineering disciple instead of as only a form of applied math.