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by santiagobasulto 3749 days ago
Fun fact. In Argentina the previous government used to give subsidies to McDonald's to keep the BigMac cheap, so these numbers around the world comparing salary to the BigMac index would look better.
5 comments

Thanks! I'm too lazy I guess :)
As a South African this hurts. We were ranked number 1 for purchasing power, and I've heard similar statistics from other sources. But the economy is shitting on us hard, and we are all struggling.

The one thing that isn't taken into account is things like tax wastage. I'd say easily 70 to 80% of our tax money is wasted by our inept government. So we have to fork out so much cash for basic things that other countries take for granted. It sort of feels like I pay tax twice. Once to the government which might as well be the money equivalent of /dev/null and another for private services which the municipality/government should be supplying, but what is offered is just too shitty to use.

So we may have the best purchasing power, but we have the least amount of money, so it doesn't help much.

> So we have to fork out so much cash for basic things that other countries take for granted

Yeah, can you believe how much more expensive domestic help has become? /s

I think the SA government's biggest sin is failing to grow the middle class. The inequality is a ticking time bomb

This is not too surprising given their other statistical creativity [0].

[0] http://www.economist.com/node/21548242

INDEC is the government office in charge of carrying on the statistic (inflation, etc). They lied us for 4 years (with the previous government). They've shut it down completely 3 months ago (with the new government) and they're supposedly working to reopen it with legit information. We'll see.
The whole big mac index phenomenal is funny because Economics magazine didn't intent to make an index when they started it.
Did you mean to comment in the fast food automation thread?

https://news.ycombinator.com/item?id=11304628

I would say this is because the reference to the big mac index on the stack overflow post.
Yeah, exactly. "How many big macs can you buy with your salary".