Quote:
Originally Posted by HVAC25000
If your money is stronger, how come it takes more of it to buy the same thing? I never got to take economics so it's all new to me.
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It doesn't. Basically it's all relative. Say a RC car costs a week wages in the US, it costs a week wages in the UK also. It's just it's just it seems to cost more, but then we are paid more etc so overall in terms of wealth, as nations we are pretty equal. It's just the UK economy is quite strong at the moment as it seems less likely to crash then the US, and if so not on such a big scale, so international companies are storing money in UK banks. Hope that makes some kind of sense. Basically it means, UK having a strong economy makes it cheap for us to buy abroad, like from the USA.
As for McDonalds, for the lowest ranked employees it would range from minimum wage (£5.60 - $11.20) to around £8.50/$17 an hour in cities.