4 ms·
This has to do with the labour costs, too, though. Poorer countries have lower purchasing power, but also lower labour costs, reducing the cost it takes to prod
by mannerheim 4y ago
This has to do with the labour costs, too, though. Poorer countries have lower purchasing power, but also lower labour costs, reducing the cost it takes to produce a Big Mac.
- kyriakos 4y agoThat's a valid point. Also explains why an iPhone still costs the same since its not locally built.
- mannerheim 4y agoAlso because it is trivial to buy an iPhone in a poorer country and bring it to a richer one.