charts explaining how the purchasing power per burger gas declined. comment: explaining purchas8ng power collapse to a American "imagine no burger"

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[–] 61 points 2 years ago

The Big Mac index is indeed a thing, which is surprisingly helpful.

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  • [–] 45 points 2 years ago*

    This gives a whole, sad new meaning to "i can haz cheezburger"

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  • [–] 32 points 2 years ago (2 children)

    I read that third row as “bowel movements” lmao

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  • [–] 28 points 2 years ago (2 children)

    A big Mac wasn't .50 in 1980. I remember it being at least $1. The earliest I can find sources for say $1.6 in 1986.

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  • [–] 15 points 2 years ago

    BMs per hour in a shitposting com, golden

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  • [–] 12 points 2 years ago (1 child)

    The Big Mac index is a pretty good indicator of purchasing power. Despite this Big Macs were not $0.50 in 1980, they were closer to $1.75. Still a significant change. Also, the price of a Big Mac changes between states, ranging from $3.75 to $6.39 in 2022.. If you follow that last link and use the minimum wages given to do some division they're really not as different as presented, which is interesting.

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  • [–] 12 points 2 years ago

    BMs per hour kelly lenin-dont-laugh

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  • [–] 9 points 2 years ago (2 children)

    Honest question, why is this not how inflation is measured?

    I feel like the basket of goods chosen in Australia is nonsense, considering rent went up by like 50% in two years, and prices in the supermarket have been insane, somehow inflation numbers only ever cracked the high single digits per year.

    I haven't looked into it deeper, yet, but seems fishy, and cherry-picked.

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  • [–] 5 points 2 years ago (1 child)

    I think one reason is it's the other way around, the cart is leading the horse. One problem with using a basket of goods to measure inflation is that it cannot keep pace with the substitutions consumers make. Consumer choices can switch really quickly but the basket of goods used to measure that needs to be workshoped before it can be used. It's in part, because it's impossible to have a perfect snapshot of a market.

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  • [–] 3 points 2 years ago

    Could we not at least make various unchanging standards?

    Like, housing & food inflation index?

    Is that not vague and unchanging enough?

    I know sourcing the data isn't a walk in the park, but I know for a fact Victoria collects information on the first one pretty accurately.

    I think we should have a "base needs" basket, because that's never going to change. People need to eat, people need to sleep.

    Thanks for indulging me in my vague, unlearned on the topic, questioning!

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  • [–] 7 points 2 years ago

    We should compare the rate of inflation, joblessness, etc, against the state of the world just before the pandemic

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  • [–] 6 points 2 years ago*

    We need more comparisons using this "BM per hour" unit.

    US Median Annual Household Income

    1980: $21,020 or 4.8 BM/hr

    2022: $74,580 or 1.1 BM/hr

    US GDP

    1980: $2,857B or 650M BM/hr

    2022: $25,440B or 363M BM/hr

    US Defense Budget

    1980: $144B or 33M BM/hr

    2022: $877B or 13M BM/hr

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  • [–] 5 points 2 years ago* (last edited 2 years ago) (2 children)

    Hate this sort of garbage. Exaggerating or lying to boost an already solid point ruins it as most won't see past the lie. They see the bullshit, turn away, call it all bullshit. Now you've lost my trust and I'm not listening to a damned thing you say.

    Big Macs weren't $.50 in 1980, I was there. If they were that cheap, they wouldn't have been able to pry us stoned teenagers out of there.

    Big Macs aren't $8 now. I think the whole meal is that much, maybe closer to $9.

    Yes, the minimum wage is abysmal, but they're not paying that. Walmart pay $15 to start in this little hick town. McDonald's is probably $13 or so.

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  • [–] 3 points 2 years ago

    That's cool, someone should make that chart hut with food.

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  • [–] 2 points 2 years ago

    I'm pretty sure my car gets more miles per gallon than that.

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  • [+] -9 points 2 years ago (18 children)

    I don't go to McDonald's, but this looks like cherry-picking data to force a narrative to me. Are Big Macs really $8 for just the sandwich these days?

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  • [–] 19 points 2 years ago

    Did a little research and found a Big Mac costs around $4.49, or $7.49 for a meal. Really hard to check prices without downloading their app, btw. Though, I've heard that McDonnalds is a lot like Subway, in that anyone not using the app and coupon codes for every order is getting ripped off big time.

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  • [–] 7 points 2 years ago (9 children)
  • [–] 23 points 2 years ago (8 children)

    Depends on where you are.

    Just shy of $9 by me, and $15 for the meal.

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  • [–] 4 points 2 years ago (5 children)

    $5.29 near me. And you can get 25% off if you use the app.

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  • [–] 10 points 2 years ago (3 children)

    25% off and all I need to do is give up access to my phone and all the info it gathers on me to be monetized and used to manipulate me into spending more?!

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  • [–] 2 points 2 years ago

    Yeah every now and then (like once a year) I’ll get a weird craving. Last time I went in there, shit was crazy expensive. That was like two years ago. I haven’t gone back since because of the price.

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  • [+] -7 points 2 years ago* (last edited 1 month ago) (2 children)