In Russia its 0.33 BM/hour
Heh, look at this dumb sattire. There’s no way it would take simplifying the economy down to a single food item before our superior American intellect realized that our government was actually our enemy. Anyway…
Trump take egg
/s
The BigMac Index was actually a really good metric. It’s sold nearly everywhere in the world, was a low margin product, and depends on a complex global supply chain that’s a good stand-in for other supply chains. It was used as a way to cut-through governments reporting innacurate numbers.
“Big Mac” now is forever cemented as a mean gay red pony in my mind… thanks, Tamers12345
After reading this I am both poor and hungry.
A Big Mac is $5.19 in my McDonald’s app. Where is this $8 Big Mac?
Probably California but the minimum wage here for a McDonald’s employee is $20 per hour. That’s still more than 2 big Mac’s per hour
BMs per hour means something else in this house
If you’re having 6.20 BMs per hour, God help you.
It’s an aggregate statistic.
IBS: “Hold my beer.”
how does minimum wage only double when products go 16x? jesus the education system really is shit in the US. there would be constant riots in the streets if only people knew arithmetic
Inflation is purposely misexplained as something specific to a time period. So people aren’t aware that it’s a measure of velocity, how fast prices are rising. Our political system also gives the illusion of a reset every four years.
I believe the common strawman is “if min wage goes up, prices go up” which… You know just admits the system is there to abuse. “If you make more money then we’ll take more money from you”.
the idea is that wages are part of expenses which contribute to prices, which is why you need more regulation about this sort of thing. the best part is that when the min wage doesn’t go up, the prices still go up.
Because minimum wage is defined by laws and has been purposefully kept below inflation. It hasn’t substantially increased (or maybe not at all) in my lifetime.
They obfuscate the data from people and they don’t try to find it. Obviously they know that 16 is bigger than 2…
There’s a LOT of people that don’t understand inflation at all. They think something along the lines of, “I worked myself through college making $5/hr and it was hard and I didn’t get to buy all the things I wanted but it was fine. These lazy entitled people want several times that much for the same work?!”
So it’s not just basic math but basic economics and a basic understanding of reality that are sorely lacking.
There’s a LOT of people that don’t understand inflation at all.
Why don’t we just tariff inflation so China has to pay it? This seems bigly smart.
Look at how much corporate profits have gone up though
explaining purchasing power collapse to an american:
imagineexperience no burgerFTFY
It is under 6 dollars in 2024 though https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/
Meanwhile in Denmark.
Minimum wage for McDonalds employees: 20$+supplements. Big Mac $7
NO BURGER???
For real though, can’t even buy a 20 piece nugget anymore on an hour’s work, shit’s fucked
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These big mac prices aren’t accurate
and what about big PCs?
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Burgers used to be smaller. A quarter pounder was a big burger.
