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Two years ago $120k was just £77k (still good). Salaries are famously sticky as a number, and do not change quickly when currencies move after events like Brexi
by TorKlingberg 10y ago
Two years ago $120k was just £77k (still good). Salaries are famously sticky as a number, and do not change quickly when currencies move after events like Brexit.
- linkregister 10y agoIt makes sense they wouldn't; have costs of living in London increased since the referendum? I was under the impression rents and real estate values were down.
- walshemj 10y agorents are going up high end property >1 million £ has dropped a bit
- iainmerrick 10y agoFinancial journalists are warning that the cost of goods and services are likely to rise, e.g. Robert Peston: https://twitter.com/Peston/status/798482965856546816 https://twitter.com/Peston/status/798482965856546816
- TorKlingberg 10y agoCosts have not gone up much, though there is a delaying effect on consumer prices too. But salaries are not only determined by cost of living, or programmers wouldn't be making $100k+. Companies in London will have to offer higher salaries in £ now when competing with U.S. based companies for overseas talent.