Re:Japanese yen weakens to 160 against the USD since 1990
by mrtksn on Monday April 29, 2024 @09:56AM
(#40198396)
Yes, the setting is different but its different because people can't just go around and work wherever they find employment because there's artificial barrier called nationality and visa.
Sure. Because they’re doing different work, in proximity to different people and different resources, within different economic contexts. A developer in Silicon Valley is fundamentally more productive than one in London, in part solely by virtue of being in Silicon Valley. (Not true at the individual level, of course. But statistically, of course.)