Sunday, August 23, 2009

An international comparison of purchasing power in 73 cities around the globe

Via the Angry Arab(thanks...Molly!)

.Oslo, Copenhagen, Zurich, Geneva and Tokyo are the world's priciest cities
.Employees in Zurich and Geneva have the highest net wages in the world
.People in Cairo and Seoul work the longest – roughly 600 hours more per year than their peers in Western Europe.
.Long working hours in the Middle East and Asia – shortest in France.
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The French work 35 hours a week...That the law which was passed under a Socialist gov't..I remember it was bitterly fought by the right wing parties and the Patronat(the body of the Employers).
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4 comments:

  1. MaracatuAugust 23, 2009 at 6:46 AM

    This is precisely the point I was making some time ago!  Capitalism knows NO national loyalties:

    Companies that once were icons of American power—like IBM and General Motors—will thrive only if they become more wedded to the world and less to the U.S. GM itself is a perfect example of what works and what doesn't, with a U.S. division that failed and a Chinese division that is wildly successful. A world with more strong foreign markets means less money spent on labor and operations in the U.S., and more spent elsewhere. Companies like Intel and Microsoft are investing billions in R&D facilities in China because they believe that is where their future is.

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  2. vAugust 23, 2009 at 4:31 PM

    How much future would they have if they were cut off from selling their goods in the USA?

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  3. anandAugust 24, 2009 at 10:25 AM

    V, a lot. Remember that many "US companies" now sell more than 75% of their sales abroad.  Many "US companies" seell more to China than to the US. Look up the quarterly reports for many large "US comanies" on your own.

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  4. MaracatuAugust 24, 2009 at 10:54 AM

    It probably depends on the corporation (which is a roundabout way of my saying that I don't know :-[ ).  The US market is currently the most important; but it won't remain so.  Plus one has to take into consideration that a not-insignificant part of the US purchasing power was based on fluff (credit which no longer exists)...  what we would call "una economia de espumas".  That is why they want to replace the bubble with another bubble (they don't want to face the music).

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