Labor > Working time to buy Stats: compare key data on New Zealand & United Kingdom
Definitions
- A car: Hours worked by average worker to buy a car. Indicative of the purchasing power of the currency of the country.
- A refrigerator: Hours worked by average worker to buy a refrigerator. Indicative of the purchasing power of the currency of the country.
- A television set: Hours worked by average worker to buy a television set. Indicative of the purchasing power of the currency of the country.
- Beef: Number of minutes worked by average worker to buy one kilo of beef. The comparison of income levels only becomes meaningful if the cost of buying the necessities and luxuries of life is also considered.
- Bread: Number of minutes worked by average worker to buy bread.
- Chicken: Number of minutes worked by average worker to buy one kilo of chicken. The comparison of income levels only becomes meaningful if the cost of buying the necessities and luxuries of life is also considered.
- Fish: Number of minutes worked by average worker to buy one kilo of fish. The comparison of income levels only becomes meaningful if the cost of buying the necessities and luxuries of life is also considered.
- Milk: Number of minutes worked by average worker to buy 1 litre of milk.
SOURCES: International Metalworkers' Federation, The Purchasing Power of Working Time 2002: An International Comparison of Average Net Hourly Earnings 2001 (International Metalworkers' Federation, Geneva, 2002)