Sunday, December 25, 2011

Foreign Wages



Wages are different all over the world, ranging from ridiculously low to outrageously high. When you travel or live in places with relatively low wages should you stick with the going rate or should you pay more (if you are willing and can afford it)? In some situations problems can occur when someone pays more for a service than they have to.  One individual may be happy paying the going rate but, when someone else pays more for the same service it can lead to higher expectations in salary from the service provider. This could (over time) lead to an imbalance in the local economy. For better or for worse is the amount you pay your employee any one's business other than your own?

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