http://www.alphadinar.com Finance blog focusing on the Arabian Gulf region (GCC) Mon, 16 Jan 2012 15:55:53 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 http://www.alphadinar.com/2009/10/16/weekend-edition-again-with-the-big-macs/ http://www.alphadinar.com/2009/10/16/weekend-edition-again-with-the-big-macs/#comments Fri, 16 Oct 2009 02:02:26 +0000 Saud http://www.alphadinar.com/?p=2428 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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