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One thing westerners don't realize when they move to places like SriLanka is that they end up increasing the local prices. This happens in the US too, when Cali
by akudha 6y ago
One thing westerners don't realize when they move to places like SriLanka is that they end up increasing the local prices. This happens in the US too, when Californians move to Texas and start paying more for properties (or rent). It is hard enough for people in developing countries to compete without foreigners moving in - with them, it becomes impossible.
- aww_dang 6y agoThere's also employment generated from the services consumed. USD shortages and other problems are similarly ignored. This is a zero-sum view. I've recently observed it becoming more popular online. True to form, the simple take misses all of the nuance. On one hand there are people decrying the horrible conditions for housekeepers sending remittance from the Gulf. On the other there are economically troublesome analyses like the above.
- paganel 6y agoThis already happens in a way in my country, you’ve got all these people who have emigrated for better wages and who are using the money they earned in those other countries to buy real estate at home. This is kind of shitty for the people that did not choose to emigrate, because on top of the shitty local wages they have to contend with rising real estate prices, too.