Big Mac index of purchasing power (quote)

Tom Boland (wgcp@earthlink.net)
Mon, 5 Jan 1998 07:46:08 -0800 (PST)


"One million people work for McDonald's worldwide.
The Union Bank of Switzerland uses a Big Mac index of purchasing power:
it takes 11 hours' labour to buy one in Lagos, Nigeria,
but only 14 minutes in Chicago."

[information taken from The Guardian 31st Dec 1997]