
Paul Yip
According to the latest study on prices and earnings by UBS, Hong Kong ranked second in average wages, after Tokyo, among 71 cities.
In terms of purchasing power and taking into account differences in the cost of living, Hong Kong ranked top for the amount of time it would take an average worker to earn enough to buy a McDonald’s Big Mac and an Apple iPhone 6: nine minutes, and 52 hours, respectively. That’s better than the likes of Sydney, New York, London and Singapore. Read More