Overworked and underpaid?
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A recent study by UBS, that compares the relative purchasing power in 73 cities around the world, has several interesting insights to offer.
SALARY $5: The amount of money a Mumbaikar earns for every $100 earned by a worker in New York. A Delhiite earns $6.8, making these the two poorest cities among the 73 cities surveyed.
PURCHASING POWER 20: The average person in Delhi has to work 20 days to afford an iPod Nano, while it takes only a day’s wage for someone in NY to afford the gadget.
WORKLOAD 2,196: The number of hours a Mumbaikar works in a year (a Delhiite works 2,166 hours). By comparison, Parisians, who work a mere 1,594 hours, get 28 days of vacations a year (Indians get 16).
$28 COST OF LIVING: The amount spent by a person in Delhi, per $100 spent by a New Yorker towards cost of living. Oslo and Zurich are the most expensive cities.
$178 COST OF ESSENTIALS: The cost of buying 39 pre-chosen common items in Delhi. The same items cost $153 in Mumbai, $571 in NY, $633 in Geneva, and $712 in Tokyo.