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Whenever I hear about foreign currency translated into USD, I get nervous... Is that $26 a month merely a direct translation at the going financial rate (about
by harisenbon 16y ago
Whenever I hear about foreign currency translated into USD, I get nervous...
Is that $26 a month merely a direct translation at the going financial rate (about 200 HKD), or is that taking in to account the general wages of Hong Kong in general?
For example, when you're paid $3000/month, $26 is nothing, but if you're only paid $800 a month (like many in Hong Kong), then that 200HKD is no longer comparable to $26. It's more like $98 a month.
Living in Japan, I get a lot of comments about how expensive video games are here (6000yen or 71USD). The fact is 6000 yen is more like 60USD, as long as you're living and working in Japan. Just because the USD is in the crapper, doesn't mean that all of our products suddenly got more expensive.
</rant>
By the way, we have 1Gbps here in Japan as well... I believe it's only 70-100USD a month?
- towelrod 16y agoI live in Hong Kong, and the people I know get paid roughly what they would get paid in the US. Most goods and services cost roughly the same as they do in the US as well. Some things are cheaper (taxis) and others are more expensive (imported beer). There are a lot of people working for way less than what they would get in the US though -- domestic helpers are a prime example.