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RE: $1 in China can get you....!!!!
Seems about 8 to 10 times difference in price depending on size and brand of beer and cigarettes you buy. $1 buys that much because it takes a whole hour to make a dollar . After 1 hour of working minimum wage in America you should be able to purchase the same two items for around the same price when you account for the exchange rate!
Hi, interesting! I just heard from someone in Los Angeles, they said, minimum wage is $10 an hour now as of Jan.1. So, after Social Insecurity, Federal Taxes(theft), State Taxes (theft), and?? I am guessing people have half or less, about $5. Not sure how much cigs are in LA, but I am guessing around $5. So, it is close for sure!
It's very similar in ways! Very interesting to look at a little closer. I wonder how much difference gas prices are relative to minimum wage and geographic location. Great post @vegankimchi