Re:Ask HN: Which developing nations have interesting tech st...
by drops on Friday May 12, 2017 @07:27AM
(#14323016)
The workforce is currently cheap compared to western countries because of the local currency's low value, and IT being one of the very few fields where people get paid in dollars.
So as a result, what would be a low wage in the west is an extremely high wage in Ukraine (e.g. $1k a month = 25k hryvnias, which is 8 times more than country's minimum wage).
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Re:Ask HN: Which developing nations have interesting tech st...
by tomh on Friday May 12, 2017 @07:47AM
(#14323114)
Plus, there's starting to be a lot of promise in Ukrainian startups - Looksery had a great exit a few years ago, and now Grammarly has just attracted $100M+ https://techcrunch.com/2017/05/08/grammarly-raises-110-milli...
Re:Ask HN: Which developing nations have interesting tech st...
by dmytrish on Friday May 12, 2017 @08:15AM
(#14323281)
It's not true that it is cheap because of the local currency low value: the IT wages were approximately the same when $1k was 8k hrn.
Ukrainian IT market is mostly outsourcing and does not depend much on the internal market and local currency, outsourcing developers usually get paid in USD (or equivalent) regardless of the hryvnia value.