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Comment by elastic_church | Hacker News Reader

such that London software engineering salaries will no longer be comparably pitiful to America's?

Upvote.

Not sure why you're getting downvoted because you are correct: London salaries are pitiful even before you factor in the enormous cost of living there (I lived and worked in London for 4 years but did contracting as the salaries even 10+ years ago were and are a joke comparatively).

It's one reason I and many others work in the US instead.

No idea what Brexit will do to relative incomes. It depends on what happens with the pound, what the visa situation looks like and so on.

Simply put, I would not code for other people at the salaries that Romanians accept.

This basically means you would not code for other people only at a pay lower than what a Romanian would accept, as if a Romanian would accept a pay of X, that also means he/she would accept a pay of X+ε, for all wages from X to ∞.

This makes you a pretty cheap labour, and if your hate against Romanian people can somehow be turned to motivation, probably a very productive one!

If you are formulating hatespeach against Eastern-Europeans, please be precise!

How did you extrapolate low wages to hatespeech against Eastern-Europeans? This presupposes quite a lot and suggests a lot more about you.

I made a pretty specific and narrowly tailored statement. Your postulate primarily neglects reality.

You implied that Romanians are beneath you.

Because there are actually a lot of people in Romania that across Europe to work for a lower salary and be totally content with that while I wouldn't? How free trade drives down labor costs when a government promotes an actual borderless free market? How it is an actually good business plan to go recruiting in Romania and other surrounding countries for both skilled and unskilled labor?

I don't know guys, I think you are attempting to censor reality by latching onto something that isn't even considered insensitive.

Disrupting free trade agreements like that disrupts cheaper labor. The same concept inflates the salaries within the United States as well with its limited visas and exiting trade agreements.

I see "standards of living costs are lower in those countries so it is rational to undercut the local workers" you see "he's saying they're beneath him". Are we really at an impasse? How deep in the gutter are your minds

Indeed. Also I wanted to point out how ironic that while one implies that others are below him, the very sentence carries the exact opposite meaning of the intended meaning.

Only because you have the luxury of refusing.

By both existing opportunities and popular vote :)

That's the optimistic view. The pessimistic view is that a lot of multinational companies will leave London, driving down demand for developers (and, well, everyone else)

Take housing costs into account in London and many places are better:

http://i.imgur.com/mNsk5oD.jpg

That's what happens when you let your city become an investment vehicle.

The problem with London is not property investment per se. It's that property is essentially used for money laundering [1].

If you're a US tax resident or citizen then you're used to filling out onerous reporting documents (FBAR and possibly 8938 as well) on foreign assets. Real estate holdings has zero reporting requirements.

[1] http://www.independent.co.uk/news/business/news/london-prope...

Same in the US. The real estate industry lobbied for an exemption from AML/KYC reporting requirements.

If you don't need a mortgage, then you show up with a cashier's check or briefcase full of cash, sign papers in the name of an LLC or Limited Company and now you have a house in the anonymous shell companies' name and clean money.

You get it. And yes: property speculation is not an investment. The UK allows washing through land only.

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