What is the value of the money you earn at work?

　　this September A report was issued by the United Bank of Switzerland (UBS), Beijing and Shanghai have the lowest purchasing power in the world, ranking 58 and 63 of the 72 cities surveyed, purchasing only 1/3 of the highest cities in Zurich and New York, compared to Hong Kong and Taipei, the report showed. And only half of them.

The report also looked at prices and wages around the world to figure out how long it would take to buy rice, Big Mac and iphone in major cities across the globe. The results showed that 1 kilograms rice and a McDonald's working hours in Beijing and Shanghai were close to the average of major cities, and when buying an iphone, the 184-hour salary in Beijing is an iphone equivalent to seven or eight times times that of Zurich and New York, or worse than Cairo and Bangkok. In Shanghai, where wages are relatively high, it also takes 142 hours. From this, China's working people's purchasing power to cope with eating is not a problem, but want to buy more high-end consumer goods and luxury goods, it is necessary to pay more than the rich and Western countries as many times the labor time.

Whether it is the iphone or other equivalent or even higher prices of consumer goods and luxury goods, the main reason for the gap is two, one is wage level, the other is price, the two fluctuations affect the purchasing power level. The fastest-earning iphone city is Zurich, which only needs to work for 22 hours and only 27.5 hours in New York. What seems most desperate is the Philippines, which has had to work 435 hours to buy an iphone, even in the capital, Manila, because of its extremely low wage levels.