Posts Tagged ‘Orley Ashenfelter’

  • McDonald's Delivers in Many Developing Nations.

    Purchasing Power

    Feb 22, 13 • 272 Views • Demand, Supply, and Markets, Developing Economies, Financial Markets, Households, International Trade and Finance, Labor, Macroeconomic Measurement, Money and Monetary Policy, Thinking Economically, Uncategorized1 Comment

    The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average U.S. price of $4.37, we can determine whether other

  • McDonald's Delivers in Many Developing Nations.

    (Mc)Wages Around the World

    May 21, 12 • 1903 Views • Businesses, Developing Economies, Labor, UncategorizedNo Comments

    It can be tough to compare wages around the world. While lots of people could be called iPhone assemblers or auto workers or t-shirt makers, depending on the country, factory conditions, time off, the work day, all really differ. Not for McDonald’s. At