4 ms·
There's a lot of things that have an effect on the price of a Big Mac in a country, from the ingredients to how the franchises are managed. It's when you're dea
by electromagnetic 17y ago
There's a lot of things that have an effect on the price of a Big Mac in a country, from the ingredients to how the franchises are managed. It's when you're dealing with near-identical standards in countries that the comparison is at its prime, however it's a simple way to explain and judge PPP for the average Joe.
Canada has better value than US, despite having near identical standards, why? My bet would be that every McDonalds employee receives minimum benefits (prescriptions, glasses, dental, IIRC) due to the health care being handled by the government. The interesting thing is that it used to cost more in the UK, and does in Europe still, with similar systems. In fact the UK system is more integrated than Canadian, so following the logic from USA->CA should mean the UK costs less (you don't have to cover children's dental, and there's barely any company benefit plans in the UK, at least in the sectors I worked where ironically you'd need most: construction) however it cost significantly more until this year.
So why in a system with more established care systems that remove the burden from employers did it cost more? This is where judging the prices of globalised products is interesting.
My guess for the UK would be higher taxes for the consumer, worker and business drove up the cost of the burger.