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The snopes article links directly to the Big Mac index [1] which is the authority on the real cost of a Big Mac. It’s cheaper in Denmark than in the U.S. by an
by ipv6ipv4 5y ago
The snopes article links directly to the Big Mac index [1] which is the authority on the real cost of a Big Mac.
It’s cheaper in Denmark than in the U.S. by any measure.
1. https://www.economist.com/big-mac-index https://www.economist.com/big-mac-index
- adventured 5y agoThe Big Mac Index is a mediocre currency education toy, nothing more. And they admit it: > Burgernomics was never intended as a precise gauge of currency misalignment, merely a tool to make exchange-rate theory more digestible. The Big Mac Index is also not accurate as it pertains to the US. Big Mac prices vary considerably by location in the US (ranging from $3.x to $6.x). It'd be like trying to pretend there's a Big Mac price in the EU. The index claims $5.65 for the US. That's their poor attempt at a national guess, they didn't actually figure out prices for every location, and they appear to have picked a high price as their foundation. Cities in Florida, Texas, Illinois, Pennsylvania and Ohio are commonly in the $4.x price area for example. This article finds the national average is closer to $4.82 (in my state it's well below that) - https://www.restaurantbusinessonline.com/financing/why-big-mac-costs-more-seattle-austin https://www.restaurantbusinessonline.com/financing/why-big-m...