Orley Ashenfelter

Big Macs provide good glimpse of global economy

Orley Ashenfelter is a professor at Princeton University and the author of the Big Mac Index, a measurement of a nation’s wealth based on the average wages of a McDonald’s employee over the cost of a Big Mac. For example, McDonald’s employees in poorer countries would not be able to afford the food they serve.

Measuring Wealth, One Big Mac at a Time

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