Econ in the News: (Big Mac) Food for Thought

Have you checked the price of a Big Mac recently? It’s a fascinating indicator for our purchasing power in the United States. I use data from the US Department of Labor and The Economist’s Big Mac Index to calculate how many Big Macs the average minimum-wage US worker could afford from 1 hour of gross … More Econ in the News: (Big Mac) Food for Thought