Hi and 你好!(ni hao)
I am an American living in China, I am a teacher, have lived in Asia for over 20 years.
I made a video yesterday about what you can buy in China for $1. Which is the average hourly wage(people who make this amount are either not taxed AT ALL). You can get a can of beer and a pack of cigs for 1 hour($1)(90 cents to be exact!). Not bad eh? I don't drink or smoke anymore, but thought it would be interesting to show people the economics of this place in a simple example. How much is a pack of cigs in the US for example? I have heard in NY, it is around $10!!! WTF!?!? No wonder people sometimes "smuggle" cigarettes!!!!
I have a youtube channel called, "Vegan Kimchi" please and check it out! Here is the video I just made!
Peace and Kimchi, From China with Love
The average cost of cigarettes in london UK is about £10.49 which equates to $13.38 . I don’t smoke but these are one of the products that gets heavily taxed in the UK. You can’t even get a McDonald for a pound here. The standard of living is so high especially with the Brexit situation.
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Seems about 8 to 10 times difference in price depending on size and brand of beer and cigarettes you buy. $1 buys that much because it takes a whole hour to make a dollar . After 1 hour of working minimum wage in America you should be able to purchase the same two items for around the same price when you account for the exchange rate!
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Hi, interesting! I just heard from someone in Los Angeles, they said, minimum wage is $10 an hour now as of Jan.1. So, after Social Insecurity, Federal Taxes(theft), State Taxes (theft), and?? I am guessing people have half or less, about $5. Not sure how much cigs are in LA, but I am guessing around $5. So, it is close for sure!
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It's very similar in ways! Very interesting to look at a little closer. I wonder how much difference gas prices are relative to minimum wage and geographic location. Great post @vegankimchi
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I'm always blown away when I chow down at a street side bbq and the bill comes at the end.. and I'm stuffed for about $2-3!
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