A great analogy on the difference in leadership.
Slk55again (@slk55again)
“It’s called the Big Mac Index.
The idea is simple: take an annual salary and ask how many Big Macs it can buy.
That is purchasing power.
And no, this is not really about hamburgers. A Big Mac is used because it is made largely the same way around the world.
Same bun.
Same beef.
Same cheese.
Same lettuce.
Same secret sauce.
It gives us a simple measuring stick.
Using median gross wages and the local price of a Big Mac:
Software developer
🇺🇸 23,000
🇨🇦 13,500
Mechanical engineer
🇺🇸 17,700
🇨🇦 12,900
Financial analyst
🇺🇸 17,600
🇨🇦 12,200
Dental hygienist
🇺🇸 16,300
🇨🇦 12,700
Registered nurse
🇺🇸 16,200
🇨🇦 12,200
Accountant
🇺🇸 14,100
🇨🇦 11,400
Plumber
🇺🇸 10,900
🇨🇦 9,600
Electrician
🇺🇸 10,800
🇨🇦 9,900
Carpenter
🇺🇸 10,200
🇨🇦 9,000
Truck driver
🇺🇸 9,900
🇨🇦 7,400
Different jobs. Same pattern.
American paycheques generally buy more.
And this is all before taxes.
No income tax.
No CPP or EI.
No payroll deductions.
No sales tax.
Now for the first comment that always comes:
“It’s just the exchange rate.”
No. The exchange rate is not a rebuttal. It is part of the result.
Canadians earn Canadian dollars. When our dollar weakens, our wages buy less outside Canada and imported goods cost more inside Canada.
That is precisely what lower purchasing power looks like.
The exchange rate did not randomly fall from near parity. It reflects a wider economic gap in productivity, investment, wages and growth.
So this is not just about Big Macs.
It is about groceries, vehicles, technology, travel and how much life one year of work can buy.
Canadians are not working less.
Their paycheques are buying less.”
— https://nitter.net/slk55again/status/2085405524929953999#m