Posts Tagged ‘Orley Ashenfelter’

  • Weekly roundup and minimum wage rates and buying Big Macs

    The Amount of Work it Takes to Buy a Big Mac

    Apr 1, 16 • 154 Views • No Comments

    Comparing the purchasing power of nominal and real wage rates among countries and for different years in one nation, we learn about standards of living......  [read more]

  • minimum wage rates and Big Macs

    Purchasing Power

    Feb 22, 13 • 1147 Views • 1 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......  [read more]

  • minimum wage rates and Big Macs

    (Mc)Wages Around the World

    May 21, 12 • 6579 Views • No 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......  [read more]