Purchasing Power
The average American worker needs to work only 12 minutes to earn enough to buy a McDonald’s Big Mac hamburger. That compares with the global average of 36 minutes, according to a survey by Swiss investment bank UBS. Minutes of work required to buy one Big Mac*:
Nairobi, Kenya: 178 minutes
Bombay, India: 105
Manila: 75
Moscow: 74
Mexico City: 66
Rio de Janeiro: 45
Bangkok, Thailand: 43
Tel Aviv: 42
Buenos Aires: 29
Seoul: 25
Paris: 19
London: 18
Dublin, Ireland: 16
Sydney, Australia: 13
Los Angeles: 11
Hong Kong: 9
Tokyo: 9
* The price of the product divided by the weighted net hourly wage in 12 occupations
Source: “Prices and Earnings Around the Globe,” UBS
Researched by NONA YATES / Los Angeles Times
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