If it's so easy why isn't everyone in Europe doing this life hack?
Could it be that moving to a place with high salaries means that job market is more competitive with higher bar to entry, with more stress, and CoL and housing is proportionally higher so once you factor in housing, healthcare, childcare expenses etc you realize that unless you scored some FANG job that pays orders of magnitude more than the local median, you're more or less at the same wealth point as in the lower CoL locations?
Feels like the solution is to find the place when you can earn more than the median there and not just blindly move to the most expensive places in the world hoping that will make you rich.
> If it's so easy why isn't everyone in Europe doing this life hack?
Language barriers, mostly. USA doesn't have those, that is the biggest difference I'd say, language barriers is such a massive hindrance to movement even if you are legally allowed to.
Even if the work language is English you still have to live with all the signs etc being in a language you don't understand, and learning a new language is a massive undertaking.
However if you don't care about that then it is really simple. And lots of people are doing just that, people spending a few years working in a high wage place isn't uncommon at all.
also the massive difference between cultures is a thing aswell.
Not to mention people tend to not move asmuch in europe compared to the US, and people like to stay close to their community and families in my experience.
Could it be that moving to a place with high salaries means that job market is more competitive with higher bar to entry, with more stress, and CoL and housing is proportionally higher so once you factor in housing, healthcare, childcare expenses etc you realize that unless you scored some FANG job that pays orders of magnitude more than the local median, you're more or less at the same wealth point as in the lower CoL locations?
Feels like the solution is to find the place when you can earn more than the median there and not just blindly move to the most expensive places in the world hoping that will make you rich.