Webthe big mac index is a price index, first introduced by the economist in 1986, that tracks the price of a mcdonald's big mac cheeseburger in each country, thereby offering. We also changed our methodology for how we calculate the. Webin addition to basic wage rates, we also collected data on the price of a big mac in each country surveyed. The big mac is a standardized hamburger sandwich that is produced. Webin this graphic, we visualize the price of a mcdonald’s big mac in u. s. Dollars between 13 different countries around the world, the eurozone, and the united. Weborley ashenfelter of princeton university talks to romesh vaitilingam about his research comparing wage rates for workers in identical jobs across countries, for. Webthe procedure is implemented with new data we have collected on average wage rates in mcdonald’s restaurants in 27 countries that are at dramatically different stages of economic development. Real wage rates are computed at current exchange rates, and also after.
