Why We Need a Big Mac and a Tall Latte
Comparing wages, we usually express a dollar amount. However, there is a better alternative. We can use hamburgers and coffee. Comparing Wages. McDonald’s Big Macs. As a common denominator, the Big Mac comes in handy. Because they tend to be made with similar human capital, we can compare McDonald’s wages. For the following graphic, McDonald’s just had to calculate the number of Big Macs a worker’s wage will buy annually. Then, they also looked at what an hourly wage would buy ….[READ]
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