GitLab is my favorite company to watch, really hope they someday become more popular than GitHub
I (an American) was temporarily living in Argentina. They wanted to pay me in Argentina pesos (that have a 20% inflation at the time, but currently around 50%). I mentioned how I plan on returning home to SF. The pay band was less than what I made at a seed-stage startup.
Well .. yes? If you were Japanese in the US would you expect to be paid in Yen? It’s not like you were working for them in the US and they sent you as an expat. I’m sure they would have switched you to USD had you moved to SF
I mentioned that Argentina has 20% inflation and locally businesses provide salary increases every 3-6 mo. They told me salaries are adjusted annually.
I don't remember their exact response when I talked about me returning to my residence in San Francisco.
People may move around and have financial obligations in multiple countries. E.g., if you have a mortgage and school loans in the US, and you want to live in Armenia for 1 year, your employer insisting that you take a 80% paycut due to "Armenian rates" is pretty ignorant and inflexible.
1/ I was on a tourist visa. I did not have a bank account that could accept pesos.
2/ if I had an arg account, the gov limits how much can be sold for usd. [0]
[0] https://www.aljazeera.com/amp/economy/2019/10/28/argentinas-...
Official interannual inflation rate was 94,8% in December 2022.
https://www.indec.gob.ar/uploads/informesdeprensa/ipc_01_238...