Abe wrote about how the weakening dollar is bad for probloggers. Likewise, it would be bad for people who earn in dollars: freelancers and contractors, other people who earn online, and the much talked-about case of the OFWs. It also affects outsourcing companies whose contracts are fixed in dollars.
But, it’s good for tech too. The obvious case: buying imported things in dollars is cheaper. This includes capital equipment, services (like hosting), and… gadgets! Many tech exporters export things that have imported raw materials: our people are the value-add.
This got me thinking even more: Exchange Rate and Silicon Valley. This talks about Silicon Valley competitiveness, but also relates to Pinoy tech startups as well. With a weaker dollar, it is now cheaper for a wealthy Pinoy to invest in SV – while the “Philippines Silicon Valley” is still far off. This can enable some of the work to be offshored.
Another benefit is cheaper living expenses when visiting the US (and perhaps travel too – but then this is related to oil prices.) Perhaps more people can check the Silicon Valley scene, make deals, and bring projects home!