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The US dollar is on track for its worst year in modern history

(www.semafor.com)
124 points harambae | 7 comments | 04 Jul 25 06:47 UTC | HN request time: 0.804s | source | bottom
1. fpmatwork ◴[04 Jul 25 07:39 UTC] No.44462109[source]▶
Does this mean EU tech workers are now even more expensive for US companies?
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2. zelag ◴[04 Jul 25 07:53 UTC] No.44462207[source]▶
In most cases EU tech workers that work remotely for a US company get their invoices paid in USD (same with the outsourcing agencies), so I'd say no.
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3. CalRobert ◴[04 Jul 25 08:02 UTC] No.44462268[source]▶
Pretty normal to have a contract in euros if you’re using e.g. remote.com
4. foldr ◴[04 Jul 25 08:04 UTC] No.44462282[source]▶
Yes, but they may ask for more USD than they would if the dollar were stronger against the Euro.
5. rockmeamedee ◴[04 Jul 25 08:35 UTC] No.44462456[source]▶
yeah but they're still >50% off SFBA salaries. SFBA comp for a sr dev can easily be $200k+ (and can go higher, lots of anecdotes on here about $350k+ salaries at BigtechCos), for an EU dev scratching 90k euro is considered "good". Devaluing the dollar by 10% and increasing the price of EU salaries by 10% doesn't really change the picture.
6. koliber ◴[04 Jul 25 12:51 UTC] No.44464077[source]▶
But they are spending locally in EUR or whatever their currency is.
7. wqaatwt ◴[04 Jul 25 16:08 UTC] No.44465723[source]▶
> even more

They were extremely cheap, though? Even in richer Western European countries..