This link is silly. Those kids want to live abroad while they work for American companies, making more than the locals, lowering their cost of living (in many cases) and having an adventure. As an American who runs a business generating income in the US while living abroad, I can attest to the fact that this can be a sweet deal.
Not sure what your point was about GitLab. Tons of Taiwanese software engineers would love to work in Taiwan for a foreign company that paid them based on a salary locally indexed to an average US wage for software engineers in the Bay Area.
As for your salary links from sites like PayScale and MeetFrank, like I said, don’t stop believing. I mean, the idea that the minimum salary for “software engineering” in the UK is £500, while it’s £1,100 for “customer support” should be a hint about the accuracy of the data.
And for clarity:
This “once salaries rise even just modestly Taiwan’s star will rise again” dream you have is totally disconnected from the reality that in the US, talented STEM workers are well paid and in places like Silicon Valley, can routinely make in a year what their Taiwanese peers might make in 10.
I didn’t say that everyone makes 10x what Taiwanese make. But yes, there are many talented STEM workers in Silicon Valley who make 10x in a year what their peers in Taiwan make. I’m sorry if that reality bothers you.
I don’t know where you get your TSMC numbers from. This article states much lower starting salary numbers. But even so, do you have any idea what an engineer with a Master’s degree can earn at a big tech company or late-stage startup in the US?
How many TSMCs are there in Taiwan? If you’re an engineer who wants to make $1.5 million/year in Taiwan, how many options do you have? Not everyone can work for TSMC.
Finally, beyond pure salary, there are numerous other factors that makes working overseas so attractive to Taiwanese workers, such as work hours, overall treatment, the possibility of equity compensation, fringe benefits, higher quality of life, prestige, etc.