A Real Big Mac Index

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Here is a really useful Big Mac index, because it converts the real value of the Big Mac into the real time it takes a typical employee to earn one working.

Via Brad DeLong. The original comes from Asian Labor News which is otherwise moribund.

Posted on June 15, 2005 at 04:38 AM in Economics | Permalink

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» How much burger do you get for your euro, yuan or Swiss franc? from New Economist
Today's Economist includes the latest Big Mac Index, a crude but quite effective indicator of relative purchasing power. It implies that the British pound is overvalued by about 12% and the Euro by 17% relative to the greenback. Even stronger imbalance... [Read More]

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FOLLOW THE TRACKBACK ABOVE!

At the bottom a document is sited giving the price of many items in terms of time, in terms of metalworkers wages.

Just from browsing this I can tell that it is a genuinely wonderful document. I wish it was more compact, and I wish it was easier to search and browse. Where else can you find that the cheap gas they always mention from Venezuela isn't that cheap for a worker there?

Posted by: Dave Tufte | June 15, 2005 at 04:29 PM

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