Some startups are profitable despite having a double-digit number of employees. Onlookers wonder how they do it. Well, a startup evangelist has revealed his secret to success. And many who saw his tweet are not happy about the post.
This is his tweet:
According to a currency calculator, $5 U.S. Dollars is about 260 Philippine Pesos. According to Trading Economics, the Philippinian minimum wage varies by region. But in Manila, the minimum wage is 537 pesos per day. Thus at 260 pesos per hour, Huber's Philippine workers earn more daily.
Some of the replies were quick to point out ethical concerns. Others supported Huber saying, "$5 per hour is a lot of money in the Philippines".
Hubert was also quick to get on the defensive about his tweet. He pointed out that the complaints come from people using iPhones which got assembled in China. Huber's response:
"Your iPhone was assembled by someone making less than $3.50 USD per hour."
He also believes the retweets will create more opportunities for Filipinos to get work from US entrepreneurs. He tweet:
"You’ll see this tweet monthly. I can handle the heat. The more people quote tweet this, the more business owners see it and change the trajectory of their lives. I bet 10+ have made the decision just this morning. And 20+ Filipinos will get opportunities in the US."
What do you think?
Share your opinion in the comment section, and if you think more people should read this article, share it on social media and with your friends and family.
*Money Finance Advice Disclaimer: This article is for informational and entertainment purposes only. We do not own copyrights to the Tweet, the Twitter handle has been tagged to give full credit. It should not be considered professional financial, labor force, or legal advice. The article and the information contained herein are not intended to be a source of worker hiring advice or credit analysis concerning the material presented, and the information and/or documents contained in this article do not constitute investment, money, employee, business operation, or financial advice. The ideas, numbers, and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. The author is not a financial advisor. This is not a place for the giving or receiving of financial, tax, hiring, or legal advice, or advice concerning investment decisions.*