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U.S. Beer Is Cheaper Than Anywhere Else in the World

derekmead (2466858) writes | about a year and a half ago

Beer 1

derekmead (2466858) writes "It’s frustrating to drop $7 on a pint of beer in New York City, as it turns out, Americans have the cheapest beer on Earth. International bank UBS gathered data about the median wages and average retail prices of a 500mL (pint) beer in 150 countries. Those data were compiled to figure out how many minutes of work it takes the average worker of a country to earn enough money to buy a beer.

It’s funny that UBS analysts are spending time looking at beer, but considering that beer is beloved and nigh essential everywhere, it offers an interesting comparison between commodities and wages. For example, India tops the least, with the median worker having to work nearly an hour to afford a pint thanks to extremely low wages. In the U.S. however, where wages are relatively high and the cost of the average beer is quite low (thanks to those super-massive macrobreweries out there), it takes the median worker about five minutes of labor to afford a retail (store-, not bar-bought) pint. That’s the shortest amount of time in the world, which means that, relatively speaking, beer is cheaper here than anywhere else."

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