"We wanted to see where the U.S. minimum wage ranked on an international scale, so we took a fairly well-known indicator – the Big Mac Index – and compared burger prices to minimum wages in different countries," says the ConvergEx team.

1. BIG MAC
INDEX
by Thanakrit Lersmethasakul
lersmethasakul@live.com

2. What is it ?

7. "We wanted to see where the U.S.
minimum wage ranked on an
international scale, so we took a
fairly well-known indicator – the Big
Mac Index – and compared burger
prices to minimum wages in different
countries," says the ConvergEx team.

8. We can find more view of Big Mac Index from NationMaster.com …

10. The Big Mac Index Two Decades on An Evaluation of Burgernomics
-The index is a biased predictor of currency values.
-Once the bias is allowed for, the index tracks exchange rates
reasonably well over the medium to longer term in accordance with
relative purchasing power parity theory.
-The index is at least as good as the industry standard, the
random walk model, in predicting future currency values for all but
short-term horizons.