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How many hours of minimum wage work it takes to earn a beer - Quartz


Stashed in: Economics!, Beer!, Poverty

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Throwing back a cold one can be a costly affair—especially if you’re living off the minimum wage in a country like Georgia or Bangladesh.

How do we know that? Because we made a Beer Index.

Numbeo, a crowd-sourced database of the price of goods around the world, maintains a comprehensive list of the average price of a domestic draft beer in different countries. And the International Labor Organization (ILO) maintains a vast library of minimum monthly wage data. So we combined the two—into a beer indicator, of sorts.

By dividing the average price a local has to pay to get a beer by the hourly minimum wage (assuming a 40-hour work week) a person makes in each country, we were able to approximate how long it takes someone making the minimum wage to earn enough to buy a brew at a local bar. The Economist did something similar back in 2012, but used countries’ median wages, and only included 27 countries. This one is a bit more comprehensive (and a bit more about the people who make the least.)

Today I learned that not everyone can afford beer. 

They need Singapore on there, alcohol is expensive there, but maybe minimum wage is high?

I found the answer:   Singapore has no minimum wage!

Omigod.  How low can you go?

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