My (American) wife moved to London years ago and was a manager in a prestigious London museum overseeing 60 people.
She has over 20 years experience in some of our top museums and her salary in 2023 was a paltry £30k.
We just moved to the US and within a couple of months she has a job in museums here but now paying 2.3x the salary (converted back to £) and only managing a team of 20 people.
Less stress, more resources for uniforms and initiatives and annual salary increases here way above inflation.
As a Londoner I feel quite aggrieved by the situation. It's one thing to increase your salary 50% as a lot of engineers do moving to the US. But to 230% increase your salary is just nuts.
Only London's financial sector pay was globally competitive - but now with Brexit's rules fully locked in even that sector is slowly losing its talent and customers to Europe and beyond.
Even similar sized public sector organisations (thinking education) pay far better. A senior headteacher with 50 or 100 staff will do a lot better than a cultural manager.
Citation needed. No-one wants to live in Frankfurt.
But my partner also pretty much doubled her pay in retail management when we moved to Australia.
The London financial sector may be losing talent to Europe, but from what I can tell European pay in fintech is not comparable.
I'll add that 70K is nothing to write home about in the US, especially if you're not in a low COL state.
The article is about people not going in the field that they're talented at, because it's low paid. Clearly it doesn't apply to your wife which is talented and went in the low paid field.