A poster in a University shuttle in U.S said that “Earn $10 for driving this shuttle an hour". In Indian money its equivalent to around five hundred rupees today. Immediately my mind started comparing the full time salary of Indian drivers with the part time U.S driver's salary. What the person sitting U.S would have earn in 10 - 15 hours is the monthly salary of a full time driver in our country approximately. A common thinking is that a person who comes out with a good talent and good effort has to be rewarded better than the person who doesn’t. Isn’t it? But is it happening so in the above mentioned driver's scenario? In India, we know the roads are bad. All the vehicles are manual geared. It means that one has to constantly keep his one hand on the gear to maintain the vehicle properly, save the fuel and manage the driving smooth in the known bad roads.
In U.S they have wonderful roads, automatic geared vehicles. A person can gently drive just with accelerator and break without much difficulties. Since the gears are automatic, fuel efficiency is not much in driver's hand. Analyzing the above two facts implies that the Indian drivers are more talented, efficient and give out more effort in giving our people a smooth drive than a driver in U.S. Then why is their pay reversed? Indian drivers should be highly paid. Isn’t it ? May be this comparison is looking absurd for finance people. They might be having some technical terms to prove that what both the drivers earn is same. But from a layman point of view, my arguments are valid isn’t it? If not you are welcome to help me understand these money value variations across the countries. Could see the site http://marketsformaharajas.blogspot.com/ is explaining the basics of trading, stocks and all. Let’s see if they help us to understand these money value variations and comparisons across the countries.
In U.S they have wonderful roads, automatic geared vehicles. A person can gently drive just with accelerator and break without much difficulties. Since the gears are automatic, fuel efficiency is not much in driver's hand. Analyzing the above two facts implies that the Indian drivers are more talented, efficient and give out more effort in giving our people a smooth drive than a driver in U.S. Then why is their pay reversed? Indian drivers should be highly paid. Isn’t it ? May be this comparison is looking absurd for finance people. They might be having some technical terms to prove that what both the drivers earn is same. But from a layman point of view, my arguments are valid isn’t it? If not you are welcome to help me understand these money value variations across the countries. Could see the site http://marketsformaharajas.blogspot.com/ is explaining the basics of trading, stocks and all. Let’s see if they help us to understand these money value variations and comparisons across the countries.
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