Re: The depreciating dollar may prove lethal to outsourcing.

I heard exactly this from a Canadian friend working in the US over the past 12 months. During that time, he's seen his paycheck decrease by almost 40%... 



Quoting Ethan Post <post.ethan@xxxxxxxxx>:


Interesting article on the effects of the dollar's fall on
outsourcing. Would be interesting to hear a few of you who are perhaps
feeling these effects to comment.

http://www.mises.org/story/2883

"The depreciating dollar may prove lethal to outsourcing. Employees
hired by US companies based in foreign countries usually convert
earned US dollars into their national currencies. A worker based in a
country with an appreciating currency will get less money when paid
the same amount of dollars."
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