COTD: Working Hours To Buy iPhone

The World Economic Forum reports,

How many hours must you work to buy a new iPhone? It varies dramatically around the world, reflecting disparities in productivity and purchasing power.

According to a 2015 report by UBS that aims to measure well-being by estimating how many minutes workers in various countries must work to afford either an iphone, a Big Mac, a kilo of bread or a kilo of rice, the average worker in Zurich or New York can buy an iPhone 6 in under three working days. In Kiev, by contrast, it would take 13 weeks (or 627 hours) to buy the same phone. The report is released every 3 years.

hours_to_buy_iphone

(COTD = Chart of the Day)

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