antipodean
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- Oct 20, 2019
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The issue is that the minimum salary buys things here but it buys nothing abroad. Part of that is the FX rate used, part of that is the difficult to buy dollars legally at the lower rate.
Meaning the value of the salary is smoke. People are trading smoke for smoke but at least they can more or less live/ survive off it, unlike in say Haiti. Great to trap people in their social caste, but impossible to get them out of it case in point Venezuela.
Meaning the value of the salary is smoke. People are trading smoke for smoke but at least they can more or less live/ survive off it, unlike in say Haiti. Great to trap people in their social caste, but impossible to get them out of it case in point Venezuela.