A new report from UBS puts the average wage of an employee in 73 cities into perspective by showing us how long one would have to work in each city to purchase a McDonald’s Big Mac. If you love Big Macs, Nairobi is not the place for you to be living; Chicago on the other hand is lovely!
Thanks Caleb!
Stand up Chicago! Lol
not sure if it matters, but this is actually a rather rough test for producer and consumer price indexes, as you have a pretty standard basket of goods across a lot of different countries, and you can see how far money really does go in different places…
economic nerdness.