Re:Plunging loonie may be a blessing in disguise for Canadia...
by cperciva on Thursday January 21, 2016 @02:36AM
(#10943903)
won't everyone start to demand a commensurate increase in salary
I'm sure it will drive salaries up, but the falling CAD means that (in USD terms) Canada is becoming a cheaper place to live. There's no point earning $50k more by moving to the valley if your cost of living will increase by $75k.
I'm sure it will drive salaries up, but the falling CAD means that (in USD terms) Canada is becoming a cheaper place to live. There's no point earning $50k more by moving to the valley if your cost of living will increase by $75k.