Price of a pint

Sep 26, 2012 18:16

The Economist had a nice chart showing long you have to work to earn 500ml of beer. However, they didn't include a link to the original report and didn't include Ireland (for shame, tomorrow is Arthur's day)

I can find the average hourly wage on the CSO site and it looks like the average is usually about 120% of the median, so I reckon the median wage must be about 18.25.

According to pintprice.com (and it's roughly backed up by finfacts.ie, who have historical data on the ratio of pint prices and average incomes), the average cost of a pint is about 4.50. So, for 500ml of beer you work for 60*4.50/18.25*500/473, or 15 minutes 38 seconds. That puts us between roughly Mexico and Britain.
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