3 ms·
How much do sandwiches cost in Australia, where minimum wage is approximately 15 USD? I don't think they cost 15 AUD, let alone 15 USD.
by smnrchrds 5y ago
How much do sandwiches cost in Australia, where minimum wage is approximately 15 USD? I don't think they cost 15 AUD, let alone 15 USD.
- motohagiography 5y agoAn oddly specific analogous reference, https://www.economist.com/big-mac-index https://www.economist.com/big-mac-index
- jwagenet 5y agoMy understanding is the cost of goods a parabola with respect to wages, where until an inflection point, the wages are not high enough to allow workers to have discretionary spending. But once wages are high, demand increases enough to cover the increased wages and cost of goods can come back down as marginal cost decreases.
- ALittleLight 5y agoI just looked up a random Subway in Australia and it was 10 AUD for a 6 inch, 15 AUD for a foot-long (varies some by sandwich). 7-11 USD.
- deleted 5y ago[deleted]