You missed the lines where I qualified the "raise":
------------------ Suddenly an Indian programmer who is paid $12,000 in US dollars gets a 50% "raise" to $18,000 -- without improving his skills or working harder. His standard of living won't go up 50% because the whole population of India has gotten the same "raise," including the programmer's $35/month live-in maid, who now gets $52.50/week. But both programmer and maid will be able to buy more goods from the U.S., and from countries whose currencies are "tied" to the dollar in some way. Their standard of living will increase. ------------------
I'm changing the end of that paragraph to "...some way, so their standard of living will still go up at least a little bit" for clarity.
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Re:Erro in logic on Salary
Posted by: roblimo on March 13, 2004 02:59 AM------------------
Suddenly an Indian programmer who is paid $12,000 in US dollars gets a 50% "raise" to $18,000 -- without improving his skills or working harder. His standard of living won't go up 50% because the whole population of India has gotten the same "raise," including the programmer's $35/month live-in maid, who now gets $52.50/week. But both programmer and maid will be able to buy more goods from the U.S., and from countries whose currencies are "tied" to the dollar in some way. Their standard of living will increase.
------------------
I'm changing the end of that paragraph to "...some way, so their standard of living will still go up at least a little bit" for clarity.
That ought to help.
Thanks,
- Robin
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