June 06, 2005
Yet Another Big Mac index
From Rising Hegemon:
Rising Hegemon: How long does it take to buy a Big Mac?: "How long does it take to buy a Big Mac? The folks at the Asian Labour News have created a Big Mac index, which asks the eternal question: How long does it take employees at McDonalds restaurants in the Asia-Pacific region to earn enough money to purchase a Big Mac at their own place of work?
The scale is quite illuminating: Australia %u201417 minutes; New Zealand %u2014 28 minutes; Hong Kong %u2014 41 minutes; Malaysia %u2014 1 hour, 26 minutes; South Korea %u2014 1 hour, 29 minutes; Philippines %u2014 2 hours, 19 minutes; Thailand %u2014 2 hours, 45 minutes; China %u2014 3 hours, 58 minutes; Sri Lanka %u2014 5 hours, 53 minutes; India %u2014 8 hours, 34 minutes; and the winner is Pakistan, where it takes a McDonalds worker 14 hours, 14 minutes to buy a lousy burger...
Posted by DeLong at June 6, 2005 09:25 PM