When Elias Chedid left for San Francisco (California) in 2017, he was happy to double his salary compared to what he received in France. “I accepted an offer of $85,000 [près de 79 300 euros]I thought it was good, in reality, I was fooled », explains this young HEC graduate and mathematician. In the meantime, this data scientist has changed jobs several times, moved to New York and now earns nearly $400,000 per year, including free shares.
“In France, I could never have seen my salary quadruple. The opportunities are greathe continues. When I come back to Paris, I feel like I’m super-rich. When I go out with my friends, I pay the bill, it costs me the price of a meal for two in New York. » A diagnosis shared by Americans, who dream of sunshine in Europe, a bit like these French retirees retiring to Marrakech (Morocco). As evidence a report from the television channel CNBCwhich praised on its site, on April 21, a cheap retirement in France and Italy: “ You can buy a house in France or Italy for the price of a new truck »is the title of the article, which questioned Tommy Sikes, an American promoter. “I started discovering these incredible properties that were for sale in small towns and villages for $50,000, $75,000, $100,000.”he says, assuring that “the cost of living there is half as expensive”.
Explanation: the massive economic decline of Europe and France, compared to the United States. The comparison with 2016 is edifying. This year has the advantage of being little controversial, the euro was trading at 1.15 dollars (compared to 1.07 today), the after-effects of the financial crisis and the euro were over at the end of Barack’s presidency Obama. The evolution shows that the presidency of Donald Trump and then that of Joe Biden are marked by an economic acceleration reminiscent of the golden age of corporations, the “Gilded Age” (“golden age”) from the end of the 19th centurye century, with the triumph of John Davison Rockefeller, Andrew Carnegie, Thomas Edison, J. P. Morgan or the “Roaring Twenties”these 1920s made of economic madness, withdrawal and institutionalized racism.
The company figures are dizzying. No need to look at the somewhat virtual market capitalizations, starting with Microsoft ($3,000 billion). The profits in 2023 are edifying: $94 billion for Apple, $72 billion for Microsoft, $61 billion for Alphabet, $55 billion for ExxonMobil and JP Morgan, $40 billion for Meta…
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