The biggest indicator of American decline is actually how many hours of work it takes to earn one ounce of gold. In 1950- 46 hours 1956-35 hours 1968-22 hours Today- it is between 289 and 79 hours factoring in time and a half overtime. Minimum wage in America has lost between 84-93% of its value using this metric.
I like that it implies landlords aren’t people
Implying well known facts.
Heh, look at this dumb sattire. There’s no way it would take simplifying the economy down to a single food item before our superior American intellect realized that our government was actually our enemy. Anyway…
Trump take egg
/s
The BigMac Index was actually a really good metric. It’s sold nearly everywhere in the world, was a low margin product, and depends on a complex global supply chain that’s a good stand-in for other supply chains. It was used as a way to cut-through governments reporting innacurate numbers.
I have a feeling that the burgers were way less shitty in the 60’s, but were they as big? Theres a myth here that every normal US meal is enough food to feed someone for several days, so I wonder if size has been factored in?
Burgers used to me smaller. A quarter pounder was a big burger.
Also a big Mac costs £6.09 in england, minimum wage soon will be £12.21 = 2 big macs per hour of your labour.
I will mention that they have an app which can make it a lot cheaper and gives freebies and so on.
In Russia its 0.33 BM/hour
A Big Mac is $5.19 in my McDonald’s app. Where is this $8 Big Mac?
Probably California but the minimum wage here for a McDonald’s employee is $20 per hour. That’s still more than 2 big Mac’s per hour
Oh no, here’s where you are wrong. See, it’s a decline for the proletariat only. The bourgeoisie is doing just great.
Brazilian minimum wage: 1,528BRL per month, or roughly 6.30 reais per hour.
Big Mac price: 24 reais, or 4 hours of minimum wage work.
BMs per hour
“I just can’t stop pooping!”
A big mac is sure to give you multiple BM’s per hour
In Germany the minimum wage is 12.82€/hour. The price for a Big Mac is 4.19€
BM/Hour: 3,07
In Germany, they call a Big Mac a Doppelrindfleischkäsebrötchen mit Spezialsoße
Where do you get a 4,19€ Big Mac? From what I can tell, a Big Mac here is currently 6,29€, which would place the BM/hour score at 2.04.
If you exclude sales tax (which is usually included in Germany but excluded in the US) for a fairer comparison, the Big Mac would be 5,29€ and the BM/hour score 2.42.
But also, a single Big Mac in the US seems to cost around $5.99. The $8 is for a Menu (which would put the BM/h score at 1.24 instead of 0.91).
A BM Menu in Germany is currently 11,49€ (or 9,66€ without sales tax), which would put our BM/h score at 1.11 (or 1.33 respectively).
So, the chart oop posted might be a bit misleading, since I doubt the $0.50 in 1980 was a Big Mac menu but rather a single Big Mac (although I‘m to lazy to look that up now). And also, we’re not that substantially better off in here Germany rn and a single Big Mac seems to be a comparatively better value than a menu, when compared to the US.
I’d also find comparison numbers from Germany in 1980 quite interesting but I’m also too lazy to look that up. Maybe someone else is bored enough…
I still think it is wild that we don’t include house prices in inflation, cause it was removed to use rent to match the “average American experience” which just means they no longer expect average people to ever buy a house.
So no houses and no burgers.
Meanwhile in Denmark.
Minimum wage for McDonalds employees: 20$+supplements. Big Mac $7
These big mac prices aren’t accurate
“Big Mac” now is forever cemented as a mean gay red pony in my mind… thanks, Tamers12345
The last time this showed up people pointed out that big Mac’s cost more like $1.50 in 1980. Still multiple BMs per hour but not as drastic.
I wasn’t alive then but 50 cents seemed low for a big mac, even for the '80s
And a Big Mac isn’t $8 around here and no one is paid federal min wage. It’s $13 in Florida and $15 IRL. Using the app to save, it’s probably 2.5 burgers.
Big Mac is 5.19 in the app for me.
And I don’t know if this is a good indicator of actual minimum wage, but fast food salary on average is way more than $13 an hour. Funny that Florida is right at the bottom of that list. You’d be better off in West Virginia (brand new sentence).
https://www.ziprecruiter.com/Salaries/What-Is-the-Average-FAST-FOOD-Worker-Salary-by-State
Unexpected, that’s much higher than I expected for Tennessee. The manager positions at the fast food places here are on 17, yet the average fast food worker is over 17 for the state according to that
I’m sure it varies where you live and what the restaurant is. I live near Nashville and saw some fast food places paying $19 an hour starting.
multiple BMs per hour
This sounds drastic no matter what the number is.
I’m sorry, I had to.
Plausible with that many big macs, though.
