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> current generation iPhone costs between two and four monthly wages You keep using that word. I do not think it means what you think it means. "wage: a fixed

> current generation iPhone costs between two and four monthly wages You keep using that word. I do not think it means what you think it means. "wage: a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker." According to http://www.reinisfischer.com/average-salary-european-union-2014 http://www.reinisfischer.com/average-salary-european-union-2..., minimum wage in Europe -- well, EU at least -- ranges from ~230 USD in Bulgaria to ~2600 USD in Luxembourg. An unlocked iPhone 6 costs ~650 USD. So your lower bound is actually an upper bound: it's actually between 4 days and 2 months of minumum wages.

poloniculmov 11y ago
He's talking about Eastern Europe.
- bumbledraven 11y ago
  Thanks for the correction. However, the initial statement still seems off. According to http://www.ceepharma.com/data/2/average-monthly-gross-wage-in-central-and-eastern-europe-forecasts-2014-2017 http://www.ceepharma.com/data/2/average-monthly-gross-wage-i..., the average wage (I couldn't find stats on minimum wage) in Eastern Europe ranges from ~250 USD in Ukraine to ~1050 USD in Czech Republic, so the cost of a ~650 USD iPhone is between 2.5 weeks and 2.5 months of wages.
  - poloniculmov 11y ago
    http://ec.europa.eu/eurostat/statistics-explained/index.php/Minimum_wage_statistics http://ec.europa.eu/eurostat/statistics-explained/index.php/..., here are the minimum wages in Europe. In Romania, the cheapest iPhone 6 is 736 euro, which is 4.5 times more than the minimum salary after tax or 2 times more than the average salary. But the average salary is skewed because we have a big income disparity. There are a few fields, like IT, that earn way more than the other fields. Now, depending on his location, he'll have a different definition of Eastern Europe. If you're west of Romania, you'll probably say you're in Central Europe, that's usually the geographic definition. From what I can understand, for many people outside Europe, Eastern Europe means countries that were in the URSS' sphere of influence.
    - bumbledraven 11y ago
      According to http://en.wikipedia.org/wiki/Eastern_Europe http://en.wikipedia.org/wiki/Eastern_Europe, "The United Nations Statistics Division developed a selection of geographical regions and groupings of countries and areas, which are or may be used in compilation of statistics. In this collection, the following ten countries were classified as Eastern Europe: Belarus, Bulgaria, Czech Republic, Hungary, Moldova, Poland, Romania, Russia, Slovakia, and Ukraine."
      - poloniculmov 11y ago
        Yes, but that is not the definition people actually use.

poloniculmov 11y ago

He's talking about Eastern Europe.

bumbledraven 11y ago
Thanks for the correction. However, the initial statement still seems off. According to http://www.ceepharma.com/data/2/average-monthly-gross-wage-in-central-and-eastern-europe-forecasts-2014-2017 http://www.ceepharma.com/data/2/average-monthly-gross-wage-i..., the average wage (I couldn't find stats on minimum wage) in Eastern Europe ranges from ~250 USD in Ukraine to ~1050 USD in Czech Republic, so the cost of a ~650 USD iPhone is between 2.5 weeks and 2.5 months of wages.
- poloniculmov 11y ago
  http://ec.europa.eu/eurostat/statistics-explained/index.php/Minimum_wage_statistics http://ec.europa.eu/eurostat/statistics-explained/index.php/..., here are the minimum wages in Europe. In Romania, the cheapest iPhone 6 is 736 euro, which is 4.5 times more than the minimum salary after tax or 2 times more than the average salary. But the average salary is skewed because we have a big income disparity. There are a few fields, like IT, that earn way more than the other fields. Now, depending on his location, he'll have a different definition of Eastern Europe. If you're west of Romania, you'll probably say you're in Central Europe, that's usually the geographic definition. From what I can understand, for many people outside Europe, Eastern Europe means countries that were in the URSS' sphere of influence.
  - bumbledraven 11y ago
    According to http://en.wikipedia.org/wiki/Eastern_Europe http://en.wikipedia.org/wiki/Eastern_Europe, "The United Nations Statistics Division developed a selection of geographical regions and groupings of countries and areas, which are or may be used in compilation of statistics. In this collection, the following ten countries were classified as Eastern Europe: Belarus, Bulgaria, Czech Republic, Hungary, Moldova, Poland, Romania, Russia, Slovakia, and Ukraine."
    - poloniculmov 11y ago
      Yes, but that is not the definition people actually use.