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Politics

Big Mac prices and wages show economic stagnation except for China

examiner.com (1 year and 1 month ago)

May 4, 2012

In January, Orley Ashenfelter, a Princeton University economist, presented a study to the American Economic Association using Big Mac prices and wages of workers at McDonald’s restaurants around the world to compare productivity and living... full story

More news

Japan's QE will leave its workers out of pocket with lower quality of life | Michael Burke

Desperate times call for desperate measures, but this response to stagnation will boost profits at the cost of spending powerJapan's central bank has announced a policy of what is describes as a massive increase in creating money, in the hope of ending a generation of economic stagnation. The local stock markets have soared after the announcement from the Bank of Japan (BoJ)...

guardian.co.uk (2 months and 15 days ago)

Satyajit Das: China must not follow Japanese path of growth and stagnation

Despite a history of conflict and competition, China and Japan share a contiguous geography and development models. China may also share Japan's economic fate.

independent.co.uk (7 days ago)

U.S. consumer prices rose just 0.1 percent in May

Slow economic growth and high unemployment have kept wages from rising quickly. That's made it harder for retailers and other firms to raise prices.

cleveland.com (7 hours ago)

Big Mac Index Shows Official CPI Underreports Inflation

In "Better to Bank with Cyprus Than the United States?" we wrote: In 1996 the government began measuring inflation differently, lowering the reported number significantly. ... The average Big Mac costs 83.5% more. Even though the cost of a Big Mac has risen from $2.36 to $4.33, the CPI index has only adjusted to pay $3.49 for a Big Mac leaving seniors $0.84 shy of smiling.

forbes.com (2 months and 4 days ago)

Economic Report: China inflation eases, but some economists worried

China’s consumer inflation eased in March, data show, with the less-than-expected rise in prices helping stocks but sparking concern among some analysts.

marketwatch.com (2 months and 11 days ago)

IMF: Europe Risks Long Stagnation

The euro zone could suffer an even more prolonged period of economic stagnation that would make reducing debt levels more difficult, the International Monetary Fund said.

wsj.com (2 months and 4 days ago)

Manufacturing Migrates as China Wages Rise

As wages continue to increase in China, production switches to Asia's emerging markets. Tom Linton of Flextronics tells the WSJ's Deborah Kan why India is China's toughest competition.

palmbeachpost.com (3 months and 15 days ago)

China Labors On

China's job markets are heating up. Strong demand for labor show factories are humming, but rising wages are a reminder that China can no longer count on a growing workforce to buoy growth.

wsj.com (3 months and 5 days ago)

Audi braces for stagnation in Europe, hopes for China growth-CEO

SHANGHAI (Reuters) - Germany's Audi is bracing for long stagnation in Europe, though trusts that continued growth in China will help offset slumping auto demand in its core region, its CEO said on Saturday.

reuters.com (2 months ago)

Yen's Fall Trickles Through Japanese Economy

The currency's decline signals hopes for a more groundbreaking economic shift: the reversal of nearly two decades of stagnation, weak demand and declining prices.

wsj.com (1 month and 9 days ago)

Big Mac prices and wages show economic stagnation except for China

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