alt text: 18 of our 40 employees are located in the Philippines. Insanely competent, great judgement, and $5 per hour. If you run a small business and don't have overseas help you're at a disadvantage
this post was submitted on 21 Feb 2024
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$5/hr is a decent wage in the Philippines. Minimum wage there is ~$11/day, so $5/hr is quite a bit more than minimum wage.
Minimum wage may not be the whole story, our minimum wage is $7.25 still and I dont think anyone believes that can be lived on here. The cost of living is more significant a measure of the pay's fairness
Cost of living is also much lower in The Philippines vs the US. A quick search says a 1br studio near Manila costs ~₱6,500/month, which is ~$115/month. The same thing costs about 10-20x that here in the US in a city.
So $5/hr would be enough for a pretty nice lifestyle there, whereas it would be significantly below the poverty line here in the US.
Right, he is paying about 4x minimum wage, which would be about $29/hr, that’s doable.
I think your math is off.
Funny note on that: Went to stay with a friend in Manhattan back in '91. Stunned by the prices I asked, "How does anyone survive on minimum wage?!"
He laughed, "Man, nobody gets minimum wage here!"
I'm in a poor county in Florida. 6 years ago, jobs could be found at the very bottom, no more.
Apparently the US government does, otherwise they'd have changed it...
Their labor creates expensive value in an expensive market. Share accordingly.
“It’s a great pay where they are” argument is bullshit.
Exactly this. If they are making the same product as a local team that generates the same revenue, you're just taking a bigger slice of their surplus value. In other words, exploiting them harder.