> at current exchange rates Looking at exchange rates is the wrong way of looking at things since they vary widely in the space of 5 years or so. You need to l

> at current exchange rates Looking at exchange rates is the wrong way of looking at things since they vary widely in the space of 5 years or so. You need to look at purchasing power in their local currency. Like eating out in japan is WAY cheaper than in Europe for anything comparable. And looking at the bubble that is programmers salaries is ridiculous as a benchmark, because then it mostly depends on whether there are large actors to drive such salaries up in said countries.