Years ago when the Pound was around 1.87-1.90 to the USD, my old company would transfer people from the USA to the London office. If they were making lets say $50,000 a year, they would automatically get 50,000 pounds per year to maintain their lifestyle. Fair and not a bad deal I guess.
I guestion some Thai pricing practices though at present. The baht has strengthened about 15% against the dollar over the past year. The Thai do and always have purchased their foreign oil in dollars. However, pump prices here continue to rise and do not reflect this currency change at all. Someone is getting rich.
Let's say the Thai minimum wage is 250 baht per day, assembly line workers at the car factories must be getting paid about 500-750 baht per day depending upon skill. That is still very cheap as compared to the USA or EU car manufacturers. However, a Chevy pick up truck here will sell for about $25,000, about the same price as those made in the USA. Again, someone is getting rich. Pete
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