Re: The depreciating dollar may prove lethal to outsourcing.
Date: Tue, 18 Mar 2008 09:12:56 -0600
I heard exactly this from a Canadian friend working in the US over the past 12 months. During that time, he's seen his paycheck decrease by almost 40%...
Quoting Ethan Post <post.ethan_at_gmail.com>:
> Interesting article on the effects of the dollar's fall on
> outsourcing. Would be interesting to hear a few of you who are perhaps
> feeling these effects to comment.
> "The depreciating dollar may prove lethal to outsourcing. Employees
> hired by US companies based in foreign countries usually convert
> earned US dollars into their national currencies. A worker based in a
> country with an appreciating currency will get less money when paid
> the same amount of dollars."