How long do you have to work to earn a Big Mac?
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How long do you have to work to earn a Big Mac?
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Re: How long do you have to work to earn a Big Mac?
#2[deleted]
Re: How long do you have to work to earn a Big Mac?
#3The extremely small amount of time I have to work to earn a big mac seems grossly disproportionate to the labor involved in sourcing, manufacturing, and serving a Big Mac.
Am I really generating N sandwiches worth of value every few minutes?
Or am I (systemically) skimming value off the top of what's produced by individuals who are being paid disproportionately to the value they produce?
Re: How long do you have to work to earn a Big Mac?
#4Their "global average" is under 40 minutes. I guess they're only counting the 73 cities in the study for the globe.
Re: How long do you have to work to earn a Big Mac?
#5The extremely small amount of time I have to work to earn a big mac seems grossly disproportionate to the labor involved in sourcing, manufacturing, and serving a Big Mac. Am I really generating N sandwiches worth of value every few minutes? Or am I (systemically) skimming value off the top of what's produced by individuals who are being paid disproportionately to the value they produce?
There is a lot of labor in "sourcing, manufacturing, and serving a" [large number of] "Big Macs".
However a single Big Mac does not cost so much. It's efficiencies of scale basically.
Re: How long do you have to work to earn a Big Mac?
#6The extremely small amount of time I have to work to earn a big mac seems grossly disproportionate to the labor involved in sourcing, manufacturing, and serving a Big Mac. Am I really generating N sandwiches worth of value every few minutes? Or am I (systemically) skimming value off the top of what's produced by individuals who are being paid disproportionately to the value they produce?
Comparative advantages and division of labor allow consumers to afford big macs and mcdonald mochas. Your input is greatly apperciated.
Re: How long do you have to work to earn a Big Mac?
#7Their "global average" is under 40 minutes. I guess they're only counting the 73 cities in the study for the globe.
Yah, that's quite a meaningless average. They should really weight each city for the population it represents.
Re: How long do you have to work to earn a Big Mac?
#8The extremely small amount of time I have to work to earn a big mac seems grossly disproportionate to the labor involved in sourcing, manufacturing, and serving a Big Mac. Am I really generating N sandwiches worth of value every few minutes? Or am I (systemically) skimming value off the top of what's produced by individuals who are being paid disproportionately to the value they produce?
Comparative advantages and division of labor allow consumers to afford big macs and mcdonald mochas. Your input is greatly apperciated.
Also automation
Re: How long do you have to work to earn a Big Mac?
#9Of course, you're comparing apples and oranges because the price of a Big Mac is determined by the local market for Big Macs. In some places, McDonalds is considered upscale food because it's American, because it's less common, etc. In some places, the quality of McDonalds is much higher (kosher burgers in Israel, I think).
Re: How long do you have to work to earn a Big Mac?
#10The extremely small amount of time I have to work to earn a big mac seems grossly disproportionate to the labor involved in sourcing, manufacturing, and serving a Big Mac. Am I really generating N sandwiches worth of value every few minutes? Or am I (systemically) skimming value off the top of what's produced by individuals who are being paid disproportionately to the value they produce?
A classic essay related to your question: http://www.econlib.org/library/Essays/rdPncl1.html