Quote:
Originally Posted by nzer
Here's some prices here @ Tcoat if you want to do some maths - all in NZ dollars:
Can of Coke - $19 for 18 cans or $1.06 each
Big Mac - $5.50
Minimum wage - $14.75/hr or $30,680 per annum
Median wage - $51,000
Average (mean) wage - $50,229
91 octane - $1.78/litre
98 octane - $1.99/litre ($7.19 per US Gallon)
Diesel - $0.909/litre |
Yep! That is telling. The minimum wage alone would show that your prices would be "higher" there.
Of course far from a scientific formula and very rough but a at your rate a gallon of fuel would cost about half an hour's pay at minimum wage.
When fuel here is at it's "normal" price it is around $5.50 and our minimum wage is $11.25, so about half an hour's pay.
A quick and dirty average minimum for the US is about $7.50 and the the "normal" price for gas would be around $3.50.
See the pattern?
There are of course many other things that impact prices so this is just for comparative purposes only but really show that what appears "expensive" in another country is not always so bad.