Nope it does not. It's a meme referring to the fact that europeans despite living in rich countries are poor in comparison to exorbitant american tech wages.
It's a meme about how even "developed" European countries significantly lag US across the board economically - things like employment rates, standard-of-living, wages, productivity, etc.
Tech wages are just one particularly egregious example of how European policy tends to suppress productivity.
> It's a meme about how even "developed" European countries significantly lag US across the board economically - things like employment rates, standard-of-living, wages, productivity, etc.
I really don't think standard of living lags from the US. Well, it depends on how you are defining standard of living I guess, if it's coming from a consumerist point-of-view I agree, for any other definition of standards of living I believe the US is quite poor compared to developed European nations.
I'm from Northern Europe, but it became popular in the stupidpol and cscareerquestions subreddits on Reddit as European salaries are so, so much lower.
There was a salary survey in my company and even in Northern Europe - every single European engineer entry was less than half the salary of every single US engineer entry.
I don't think Eastern Europe would provide many software engineers nowadays, with the exodus from Russia and war in Ukraine. The poor part of Europe is now south - but I am not seeing many devs there either.
