Search results
Results from the WOW.Com Content Network
Nov 7, 2014. It’s a common perception that big cities are expensive places to live. Big cities like New York are typically reported to have a cost of living more than double that of small cities like Des Moines, Iowa with nominal wages that are only 40% higher on average. Why then isn’t there a massive exodus from large cities into small ones?
According to Eurostat, the most expensive country for shopping in Europe is Switzerland, where prices for food, beverages and tobacco are 72% above the European average. Norway (60% above average), Denmark (45%) and Iceland (30%) follow. Denmark is the priciest market and Poland the cheapest market in the EU (37% below average), with only ...
According to Mercer’s annual “cost of living” ranking, that was released today, Angola’s capital Luanda is the most expensive city in the world, ahead of more usual suspects like Hong Kong, Zurich, and Singapore. In financial terms: to rent a two bedroom apartment in Luanda, you will pay on average an astonishing $6,800 per month, the ...
The economic impacts of the Russian invasion of Ukraine are rippling out across the globe in a cost of living crisis that’s pushing millions more people into poverty. Soaring food and energy prices have resulted in 71 million people in developing countries falling into poverty, according to the UN Development Programme (UNDP).
The pink tax has long imposed an economic burden on women around the world—especially since women continue to earn less than men. The World Economic Forum’s Global Gender Gap Report 2022, released this week, found that when it comes to wage equality for similar work, only five out of the 146 countries analysed achieved scores higher than 0.80.
Getting to net zero by 2050 will cost an extra $3.5 trillion a year, according to a new study by McKinsey. We’ll need a fundamental transformation of the global economy to go truly green.
COVID-19, the war in Ukraine and supply chain disruptions have all contributed to rising food prices. Consumers have experienced the most significant shock in global food prices in more than a generation. In the US, food prices for home consumption were up 10% year over year in March 2022. That’s the largest increase in more than a 40-year ...
Yes it did. As you see in our Energy Explorer, wind and solar energy were scaled up rapidly in recent years; in 2019 renewables accounted for 72% of all new capacity additions worldwide. 8. The price of renewable energy has fallen dramatically. Image: Our World in Data.
Shaped by shifts in supply and demand, they are a valuable weathervane of change in the world economy. There is no doubt about the direction of the prevailing wind for metals in recent years. Prices have been gradually declining since 2011 (chart 1). While oil prices have also dropped, the decline is more recent (prices peaked in 2014), and ...
Here’s Mortimer-Lee: Chart 3 shows that real wage growth has picked up, but that productivity has failed to keep pace; labour is becoming more expensive in real terms to employers. With many firms having to face activist shareholders and with many shouldering high debt burdens, the natural reaction to a profit squeeze is to cut labour costs.