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In 2014-15, I did a rough calculation of salaries based primarily on Indian government inflation figures. What I found was that 12k USD inflated adjusted was sa
by thisisit 8y ago
In 2014-15, I did a rough calculation of salaries based primarily on Indian government inflation figures. What I found was that 12k USD inflated adjusted was same as 5k USD in 2007.
Today, 5 years later, this figure is surely even more inflated. But if you talk to graduate engineers from these companies they still pay 5k USD. So, I don't know if we can safely say there is no exploitation here.
The counter point obviously here is that there is a large young population joining the workforce each year. So, ensuring everyone gets an IT job as well as paid well is a challenge.
- codedokode 8y agoIf you are comparing salaries in USD then you should take into account dollar's inflation, not rupee's.
- thisisit 8y agoI am comparing salaries paid in India denominated to USD. The cost of living in this case is affected by Indian inflation not US inflation.
- hanging 8y agoWhat I found was that 12k USD inflated adjusted was same as 5k USD in 2007 No, $5.000 in 2007 dollars would be $5.060 in 2012 dollars[0]. You are off by over 2 orders of magnitude when speaking in "USD inflated adjusted" terms. [0] https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=5000&year1=200701&year2=201201 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=5000&year1=200...
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