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Beer Is Cheaper In the US Than Anywhere Else In the World

derekmead writes "It's frustrating to drop $7 on a pint of beer in New York City, as it turns out, Americans have the cheapest beer on Earth. International bank UBS gathered data about the median wages and average retail prices of a 500mL (pint) beer in 150 countries. Those data were compiled to figure out how many minutes of work it takes the average worker of a country to earn enough money to buy a beer. It's funny that UBS analysts are spending time looking at beer, but considering that beer is beloved and nigh essential everywhere, it offers an interesting comparison between commodities and wages. For example, India tops the least, with the median worker having to work nearly an hour to afford a pint thanks to extremely low wages. In the U.S. however, where wages are relatively high and the cost of the average beer is quite low (thanks to those super-massive macrobreweries out there), it takes the median worker about five minutes of labor to afford a retail (store-, not bar-bought) pint. That's the shortest amount of time in the world, which means that, relatively speaking, beer is cheaper here than anywhere else." OK, UBS: Now please repeat the research with coffee.

4 of 633 comments (clear)

  1. Re:There's a reason for that. by geekoid · · Score: 5, Insightful

    False, but you go on being ignorant.

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    The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  2. ...and half the comments make the same dumb joke. by tgeller · · Score: 5, Insightful

    I'll save you the time: "American beer sucks, har har har".

    Really? You *all* think you're clever for saying that?

    Anyway -- it's not even true. That is, it's a meaningless statement. America has an enormous range of native beers, of every style, strength, and flavor. It's true that our tastes run toward weaker beers, but it's just stupid to say popular = "American".

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    Tom Geller
  3. Re:Incidentally... by ackthpt · · Score: 5, Insightful

    ...it's also worse than anywhere else in the world. No joke, people.

    Well, there's BEER, as in Bud, Coors and various other mega brews, who use who knows what (Bud uses rice) in adjuncts, most of the money going into marketing is denied in going into product.

    Then there are craft brewers who make Ales, Stouts, Porters, Lagers and so on with the finest barley, hops and water they can muster. You'll see them competing in the categories which really matter at the GABF Many of the small brewers can hold more than a candle to their European counterparts, who are under threat these days from cheap lagers from France (some people just want to get under the table and don't care how.) At least in Germany you are still guaranteed fair ales for your money, thanks to the Reinheitsgebot. A real pity the USA didn't take something like that onto the Constitution.

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    A feeling of having made the same mistake before: Deja Foobar
  4. Re:Vodka is better by atlasdropperofworlds · · Score: 5, Insightful

    Better yet, just keep your vodka in the freezer and drink it straight.