Purchasing Power
To compare what you get for your money in different countries and cities, is an interesting thing to do
. UBS publishes every third year since 1970 a report, where they investigate the differences
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. In August 2009 they released their latest “Prices and earnings report”
. On page 11 in the report you’ll find a very specific index where you’ll learn how many minutes you have to work before you can afford a Big Mac, 1 kg of bread or rice or an iPod nano
. The Economist published an article from the report regarding the alternative Big Mac index
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Just look at the figures and reflect upon the huge differences there are…