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Big Macs Per Hour Reveal Global Wage Power | Australia News
Published 2 days, 8 hours ago
Description
Economist Orley Ashenfelter’s quirky Big Macs Per Hour index reveals global wage power by comparing a burger’s price to local worker pay—showing Aussies, thanks to strong minimum wage laws, enjoy some of the world’s best purchasing power, even as prices soar, with productivity clues hidden in how fast workers earn their meal.
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