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Also FAANG salaries are also quite high in europe. Just look at levels.fyi. In local or non-tech companies in the US salaries are also much more in-line with europe and actual difference will be much much smaller
I can see statistics of US companies vs non US companies where I am and they consistently pay 30-80% above market value. I havent seen one go below 30% over. Its not only FAANGS. They just pay much more