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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here.

My main question is why does London have such lower salaries than NYC despite being equal in opportunities and supposed wealth ?

The same role at a Deloitte or Goldman Sachs in London office is getting paid comparably less than the NYC equivalent.

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Part of it is that they don't need to earn as much because education and health care is cheaper.

An American attorney practicing in London could very well have several hundred thousand dollars in student loan debt. The Brits will have somewhere between zero and five figures. Brits don't have to save as much for health care, retirement, education, because the government subsidizes those more. [/quote]

The "health care is free" comments crack me up. Why do you think they pay considerably more in taxes? Not to mention that anyone with any money pays for private healthcare. I just read a long thread of Brits on social media talking about how the only way to get in for a procedure with a specialist without waiting years (or forever) is to pay to have tests done out of pocket (they were quoting 1,500 pounds) and then get the specialist to put you on the list for the procedure (which the NHS then pays for). In the end, it was more expensive than for an insured person in the US. [/quote]

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