News:

R.I.P to the great Charlie Kirk! ~ R.I.P to our friend Caskur!

The best topic

*

Replies: 20479
Total votes: : 8

Last post: Today at 01:48:14 PM
Re: Forum gossip thread by Garraty_47

avatar_DKG

This n that

Started by DKG, March 31, 2023, 07:16:01 AM

Previous topic - Next topic

0 Members and 5 Window Lickers are viewing this topic.

Herman

Never forget! People need to be held accountable.
Sad Sad x 1 Winner Winner x 2 Love Love x 1 View List

DKG

Quote from: Herman on May 13, 2026, 06:41:26 PM
This makes people nervous when they start making this a bigger problem than it needs to be.

formosan

Quote from: Brent on May 13, 2026, 01:13:26 PMGlobal living standards based on the amount of work required to buy a Big Mac.   


Time Pricing Big Macs Around the World
Even if a Big Mac is more expensive in money, it can be less expensive in time.

McDonald's operates in over 100 countries worldwide. Since 1986, The Economist magazine has published the Big Mac Index, built on the theory of purchasing power parity (PPP)—the idea that exchange rates should equalize the price of an identical basket of goods across countries. The following shows the dollar price of a Big Mac in each country, sorted by price:

   
Time Pricing Big Macs Around the World
Even if a Big Mac is more expensive in money, it can be less expensive in time.

McDonald's operates in over 100 countries worldwide. Since 1986, The Economist magazine has published the Big Mac Index, built on the theory of purchasing power parity (PPP)—the idea that exchange rates should equalize the price of an identical basket of goods across countries. The following shows the dollar price of a Big Mac in each country, sorted by price:


But we can go one step further.

Instead of comparing currencies, we can compare time.

We start with the nominal price of a Big Mac in each country, converted to U.S. dollars, and then compare it to average hourly earnings. Since average hourly earnings data are not available for all countries, GDP per capita divided by annual hours worked serves as a reasonable proxy for relative wages between countries.

This transforms the question from "What does it cost?" to "How long do you have to work to get it?" A Big Mac can be more expensive in money but less expensive in time, depending on where you live.
I really have no idea what Big Macs cost anywhere since I never buy them.....it's an interesting way to guage affluence.
too old to be a fashionista

formosan

QuoteA Big Mac in Taiwan costs only $2.38, compared to $7.99 in Switzerland, but after adjusting for hourly earnings, the time prices are very similar.
Taiwan has a low cost of living country compared to wages even though inflation in Taiwan has been higher than in the past since the pandemic.....Taiwanese living standards have surpassed those in Canada.
too old to be a fashionista

Oliver the Second


Gunshots ring out in Philippines Senate where authorities tried to arrest a senator


Brent

Quote from: Oliver the Second on Today at 12:19:27 PMGunshots ring out in Philippines Senate where authorities tried to arrest a senator


That country is the wild West.

Brent

Quote from: Lokmar on May 13, 2026, 07:06:00 PMThe REAL cost of any McDonalds meal is how bad it is for you and how shitty it tastes.
one hundred percent

Thiel

Quote from: Lokmar on May 12, 2026, 01:48:51 PMTrump needs to rip the bandaid off and fuck em up some more, NOW!
They have already decimated two rounds of Iranian leadership, the navy, and the air force. Iran is a different beast from Venezuela. Fucking them up does not have the same affect as it does on a sane infidel nation.
gay, conservative and proud