Henry-Waldo
16th September 2007, 05:03
Many people are looking at the wrong figures when making claims about how expensive it is to live in a certain part of the world. There are 2 important figures not to be confused with:
*Cost of a basket of goods
*Purchasing power
Travelling in a country where the cost of a basket of goods is expensive, will mean that your spending dollar wont go so far.
Working in a country where the purchasing power is very strong, will mean that your earning dollar will go a long way.
According to The Big Mac index to buy a Big Mac, you will need to work for a total of:
10 minutes in Tokyo.
13 minutes in Los Angeles, New York, Chicago and Miami.
14 minutes if Sydney, Auckland and Toronto.
48 minutes in Istanbul, Turkey
67 minutes in Bangkok, Thailand.
90 minute.s in Nairobi, Kenya.
etc.
So each 45 minutes-lesson that the teachers of my country give cannot make the cost of a Big Mac. How can they struggle with bigger macs? ;)
:o:mad:
PS: a Saturday night nightmare, sorry!
*Cost of a basket of goods
*Purchasing power
Travelling in a country where the cost of a basket of goods is expensive, will mean that your spending dollar wont go so far.
Working in a country where the purchasing power is very strong, will mean that your earning dollar will go a long way.
According to The Big Mac index to buy a Big Mac, you will need to work for a total of:
10 minutes in Tokyo.
13 minutes in Los Angeles, New York, Chicago and Miami.
14 minutes if Sydney, Auckland and Toronto.
48 minutes in Istanbul, Turkey
67 minutes in Bangkok, Thailand.
90 minute.s in Nairobi, Kenya.
etc.
So each 45 minutes-lesson that the teachers of my country give cannot make the cost of a Big Mac. How can they struggle with bigger macs? ;)
:o:mad:
PS: a Saturday night nightmare, sorry!