Weekend Edition: Again With the Big Macs

October 16, 2009 by Saud

How big really is your paycheck? You can calculate it in terms of dollars, or preferably in terms of what you can actually purchase, in other words purchasing power parity. A couple of weeks ago I posted about a similar subject “Burgernomics” where different Big Mac prices in different countries value the home currency relative to the dollar. Here, a report done by UBS published in The Economist studies the number of hours an employee has to work to earn the price of a Big Mac.

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Tags: Big Mac, Big Mac Index, Purchase Power, Purchasing Power Parity

This entry was posted on Friday, October 16th, 2009 at 5:02 am and is filed under Weekend Edition, World. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 Responses to “Weekend Edition: Again With the Big Macs”

1. Keynesian says:

   October 16, 2009 at 5:06 pm

   Big Macs are evidently a gourmet in Nairobi!

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   Saud Reply:
   October 16th, 2009 at 6:17 pm

   working in New York you can afford to eat 36 Big Macs a day ;p

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   Keynesian Reply:
   October 16th, 2009 at 10:43 pm

   I would, but then I wouldn’t be able to pay my rent!

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2. 1001Nights says:

   October 16, 2009 at 10:06 pm

   How come in Doha, of all places, you have to work for about a half hour or more to buy a Big Mac? Somesin’ fishy here.

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   Keynesian Reply:
   October 16th, 2009 at 10:44 pm

   I guess the survey takes the average of various professions and maybe in Doha its eskewed towards lower wage jobs.

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3. Fahad says:

   October 25, 2009 at 4:40 am

   I like the Big Mac!

   Probably I’m going to move to Chicago!

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