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The comparison isn't like-for-like: the article is describing sit-down restaurants where diners are likely to spend an hour or more in the restaurant. A $5 ram
by manarth 3mo ago
The comparison isn't like-for-like: the article is describing sit-down restaurants where diners are likely to spend an hour or more in the restaurant.
A $5 ramen from a chain restaurant in Japan might be viewed as the equivalent of a UK McDonalds meal deal at £5.50 (UK prices generally translate 1 USD into 1 GBP, so it is more expensive in the UK, primarily accounted for by taxes).
- rjh29 3mo agoYou can go to plenty of chains in Japan where you can spend an hour, you'll still spend half of what you pay in the UK. McDonalds too, a Big Mac meal is £7.99, it is £3.60 in Japan.
- BobaFloutist 3mo agoSure, but you're not scaling that to median income. Exchange rate only tells you half the story.