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An alternative use for The Economist’s Big Mac index
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S INCE 1986 The Economist has produced the Big Mac index as a light-hearted gauge of whether currencies are at their “correct” level.
The famous burger is a good test of currency valuations because of its global uniformity and ubiquity.
The same properties make it a useful way of comparing international salaries: how many Big Macs, in principle, can a typical worker afford with their wages?
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