In the US, so many jobs, in so many industries, pay a complete pittance. It's one of the least regulated economies and people are seen as a fungible asset, hired, laid off at a company's convenience (in many states), and paid literally as little as possible. And yet, in this bizarro (for Europeans) world, devs are often paid a small fortune.

That's not generosity.

That's because they are recognized as bringing huge value, otherwise they would never be offered anywhere near those amounts of money. Europe just won't get it, therefore Europe is going to remain behind.