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August 12, 2004

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Wealth by burger

Stephen's ongoing alternative Big Mac Index has results from across Asia and it makes for interesting reading. The question is how long does it take for a worker in McDonalds to earn enough to buy a Big Mac.

China: in 2001 - 3hrs 57 mins; in 2004 - 1hr 43 mins
Hong Kong: in 2001 - 41 minutes; in 2004 - 47 minutes
Malaysia: in 2001 - 1hr 21 mins; in 2004 - 1hr 12 mins
Philippines: in 2001 - 2hrs 19 mins; in 2004 - 2hrs 24 mins
Taiwan: in 2001 - no survey; in 2004 - 1hr 2.5 mins

The differences between 2001 and today say a lot about the progress of these economies and the differences between each of them seem to reflect a changing order in the standard of living between various Asia countries. I should have more to say about this but the curry just turned up.

 posted by Simon on 08.12.04 at 01:52 PM in the




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Comments:

Hopefully, no one actually tests this theory in an attempt to get said Big Mac. It's not like Asia really needs the gift of high cholesterol and heart attacks.

posted by: Helen on 08.12.04 at 05:54 PM [permalink]




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