Tuesday, October 02, 2007

The only perk from a falling dollar

posted by The Vidiot @ 12:02 PM Permalink

is that all those companies that outsourced their work overseas are now suffering.
Excerpt:As the dollar was plunging against the Indian rupee a few months ago, the Pune programming shop raised its hourly fee from about $22 to $25, an added expense an infant company like RFQConnect could ill afford.

"It hurts. The profit margin suffers directly," founder Sergio Retamal said. "But it's understandable."
You reap what you sow, baby, you reap what you sow.

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