HP3000-L Archives

May 2008, Week 4

HP3000-L@RAVEN.UTC.EDU

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From:
Tom Emerson <[log in to unmask]>
Reply To:
Tom Emerson <[log in to unmask]>
Date:
Fri, 23 May 2008 11:57:42 -0700
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----- Original Message ----
From: Shawn Gordon <[log in to unmask]>

Because people in germany are paid in euro and the euro is consistent 
internally, they aren't paying in converted dollars.

==========================================

True, people who work and live there are paying with what they earned locally, but as TOURISTS from another country, WE PAID with DOLLARS we earned here and CONVERTED to euros there.

It's about a "frame of reference" -- here we DO talk about U.S. dollars per (U.S.) gallon, so when talking about the price in another country, you DO have to convert both the currency and the purchase unit to make sense to the listener.  To put it another way, if you were earning $100,000/year here and your company transferred you to Germany tomorrow, what do you think the chances are that you'd be paid 100,000 euro/year?  More likely your company would adjust your salary to match, and you'd be earning only 63,000 euro or thereabouts.  If you're lucky, they would adjust that "somewhat" for any cost-of-living differences, but I doubt it would be 35,000+ euro/year...

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