If you don’t believe that wages globally are rising, why don’t you take a trip to the nearest McDonald’s and check out what people are ordering. According to a report released by UBS, in 2012 people needed to work relatively less time to be able to afford to buy a Big Mac.
Tokyo workers, for example, need only work for nine minutes before they can bite into their burger. In Western Europe, however, the average is 17 minutes.
The following indicates the price of the product divided by the weighted net hourly wage in 15 professions.
- Tokyo: 9 mn
- Hong Kong: 10 mn
- New York City: 10 mn
- Chicago: 11 mn
- Los Angeles: 11 mn
- Luxembourg: 11 mn
- Toronto: 11 mn
- Dubai: 12 mn
- Miami: 12 mn
- Nicosia: 12 mn
- Sydney: 12 mn
