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No, He's thinking about various developing nations that are trying to have a tech boom. Phillipines is a good example; Average yearly salary is somewhere aroun
by to11mtm 7y ago
No, He's thinking about various developing nations that are trying to have a tech boom.
Phillipines is a good example; Average yearly salary is somewhere around 12k USD, Median is 8k USD.
That means if someone is doing a tech startup there, 300$ is somewhere between a quarter and a half of some employee's pay for a -month-. And given the potential for tight margin/cash flow of startups even in the US... it would still price a lot of smaller players out of the market.