I find an odd interest in certain economic stories. This post makes that point most clear.
Today Axios offered this nugget–no pun intended–about McDonald’s iconic signature sandwich. It is not a leap of logic to know that where wages are higher, the cost of a Big Mac generally goes up. Still, the numbers are of interest. Perhaps for you, too.
So…..Northwest Arkansas Big Macs cost more than in New York.
In Austin, Texas, where the minimum wage is $7.25 an hour, a Big Mac is $3.75.
A Big Mac in San Francisco, where the minimum wage is $16.32 an hour, is $5.79.
In New York City, where the minimum wage is $15 an hour, a Big Mac can be found on Broadway for $4.95.
But, but, but: In NWA, (Northwest Arkansas) where the minimum wage is $11 an hour, the price of the signature sandwich (no sides) is $5.19. That’s nearly a quarter of a dollar more than in Manhattan.