<p>I have often seen pictures like this - in different countries around the world, how many hours do you need to work before you can buy an Iphone:</p>
<p><a href="https://i.sstatic.net/nOqJi.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/nOqJi.png" alt="enter image description here" /></a></p>
<p><strong>My Question:</strong> Is there a generalization to this concept?</p>
<p>For example, suppose I am a lazy person that does not like to work. I want to know, in which country in the world will give me the most value for every hour I work?</p>
<p>To be a bit more general, suppose we took the average job in a given country. We know how much the average job earns per hour. Then, suppose we took the price of some &quot;economic market basket&quot; (e.g. food, shelter, energy) in this country - we could see how many hours the average person would be required to work to afford this basket. Then, we could repeat this calculation for a list of different countries (e.g. while adjusting the wages and price for the average job and a comparable basket). Finally, in theory, I would be able to know : <strong>On average, in which country do I need to work the least to afford the most?</strong></p>
<p>Is there some economic quantity that measures this?</p>
<p>Thanks!</p>

CC BY-SA 4.0
2023-09-09T06:30:07.563Z
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
H2ONaCl
CC BY-SA 4.0
2023-09-09T11:18:12.870Z
https://en.m.wikipedia.org/wiki/List_of_countries_by_average_wage Here the average wage is adjusted for prices, which is what you want
Ishan Kashyap Hazarika
<price>
How Many Hours Do You Need To Work To Buy An Iphone?
stats_noob
# How Many Hours Do You Need To Work To Buy An Iphone?

(Asked by: username_0 on 2023-09-09)

I have often seen pictures like this - in different countries around the world, how many hours do you need to work before you can buy an Iphone:

[![enter image description here](https://i.sstatic.net/nOqJi.png)](https://i.sstatic.net/nOqJi.png)

**My Question:** Is there a generalization to this concept?

For example, suppose I am a lazy person that does not like to work. I want to know, in which country in the world will give me the most value for every hour I work?

To be a bit more general, suppose we took the average job in a given country. We know how much the average job earns per hour. Then, suppose we took the price of some "economic market basket" (e.g. food, shelter, energy) in this country - we could see how many hours the average person would be required to work to afford this basket. Then, we could repeat this calculation for a list of different countries (e.g. while adjusting the wages and price for the average job and a comparable basket). Finally, in theory, I would be able to know : **On average, in which country do I need to work the least to afford the most?**

Is there some economic quantity that measures this?

Thanks!

**Tags:** price
> **Comments:**
> **username_1**: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita  
> **username_2**: https://en.m.wikipedia.org/wiki/List_of_countries_by_average_wage Here the average wage is adjusted for prices, which is what you want  

---

## 0 answers

