How Many Hours Punched Does it Take to Afford a Big Mac?
The Economist has published an blog entry entitled "An Alternative Big Mac Index" about a UBS study that looks how how many hours on average people in a city have to work to afford a Big Mac. This goes a little bit further than the purchasing power Big Mac index.
THE size of your pay packet may be important, but so is its purchasing power. Helpfully, a UBS report published this week offers a handy guide to how long it takes a worker on the average net wage to earn the price of a Big Mac in 73 cities. Fast-food junkies are best off in Chicago, Toronto and Tokyo, where it takes a mere 12 minutes at work to afford a Big Mac. By contrast, employees must toil for over two hours to earn enough for a burger fix in Mexico City, Jakarta and Nairobi.
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