(Mc)Wages Around the U.S.

Complementing the averages in U.S. jobs reports, we can see much more variety through the wage rates paid by thousands of McDonald’s around the country..

Deciding Where the iPhone X Is Most Expensive

Looking around the world, you might discover that iPhone X prices aren’t the best indicator of where it is most expensive.

The Gallons of Gas That a Worker Can Buy

Comparing the purchasing power for a Big Mac and a gallon of gasoline, we can form hypotheses about worker well-being in developed and developing nations.

Why the Same Minimum Wage is Really Different

Comparing median and minimum wage and looking at how the cost of living varies, we can see that the wisdom of a $15 minimum wage hike depends on location.

Weekly Roundup: From Nibbling Nachos to Sipping Starbucks

Our everyday economics includes risk, externalities, purchasing power, complementary goods, capitalism, money supply, human capital, and innovation.

Purchasing Power

The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average U.S. price of $4.37, we…

Beer Economics

In China, 1/2 liter of beer costs 9 minutes of work. To calculate how many minutes of work it takes to buy beer in 150 countries, Swiss bank UBS researchers divided the median wage in that country by the price of 1/2…