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I suspect it's per month and using $ because you wouldn't intuitively know how much the Ukrainian currency is worth if you're not Ukrainian. $72k/year is low f
by ido 5y ago
I suspect it's per month and using $ because you wouldn't intuitively know how much the Ukrainian currency is worth if you're not Ukrainian.
$72k/year is low for the US but for Ukrainian standard it isn't - apparently median wage (in general, not for programmers) in Ukraine is $6936.84/year while in the US it's $35,977/year, so a factor of ~5.2x.
Does $372k/year still sound ridiculously low in the US?
- kragen 5y agoUS$372k/year sounds reasonable in the US (even, to my eyes, surprisingly high, but apparently normal now). But in either place saving 20% of US$72k/year gets you about the same amount toward whatever goal you have, whether that's retiring in Costa Rica, buying a fleet of DJI drones, or buying a berth on Starship to Mars. There's no reason you should be expected to leave 80% of your potential earnings on the table if you move from San Francisco to Ukraine. What people in your neighborhood earn only matters if you're hiring them or competing with them for some limited commodity such as housing.
- ido 5y agoThe point is what other options they have unless they are willing to immigrate. I don’t think these $72k developers are American expats but Ukrainians that for whatever reason don’t want or can’t leave their home country. And there are much more flagrant instances of borders determining your salary than that - when I was studying in Vienna I had a friend who studied with me and after school went back to his hometown in Poland. We both started our first jobs at the same time, with the same education and same title/job, and I was earning 3x his salary simply because I stayed in Vienna (Poland isn’t that far from Germany and Austria).