Re: Markets and employment

From: Geraint Rees (g.rees@fil.ion.ucl.ac.uk)
Date: Tue Dec 25 2001 - 11:59:00 MST


On 12/25/01 8:06 AM, "Patrick Wilken" <patrickw@klab.caltech.edu> wrote:

> I agree it doesn't seem to make much sense, but the equivalent
> non-imported are in general cheaper in Australia. An espresso in
> Australia and the US costs about the same number of dollars
> (approximately $A2 in Melbourne, approximately $US2 in Starbucks here
> in Pasadena).

Curiouser and curiouser: it's GBP2 in Starbucks here in London

> Non-imported goods don't seem to:
> so I used to pay $A40 for a haircut in Melbourne, now pay $US35,

...and GBP 35 for a haircut (OK, a nice one)

> paying $825 for an approximately equivalent place. Even a bottle of
> beer at a bar is about $A3 or $US3.

And the beer is GBP 3 here in London

Is everything the same numeric price all over the world, whatever the
currency?

G



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