Half an hour to earn a pint

MICHAEL FOREMAN
Last updated 14:56 10/02/2014

Relevant offers

Money

Value of pet insurance gives paws for thought Support for mass KiwiSaver enrolment Southern Cross spent $800 million on claims Looking under the bonnet of mechanical breakdown cover Many Aucklanders just scraping by, survey finds BNZ replaces GlobalPlus credit card, but new cards have different expiry dates Jailed property developer Malcolm Mayer loses appeal Gina Rinehart loses control of A$5 billion family trust Average cost of data breaches now at $5.2 million a year for companies, study says KiwiSaver Spotlight: Kiwi Wealth CashPlus Fund

House prices might be going through the roof but New Zealand ranks pretty well in terms of beer affordability, according to an international price comparison by news website Quartz.

The Quartz Beer Index takes the average cost of a beer in various countries and compares it with the minimum wage in the same country.

The index gives New Zealand a rating of 0.5, which means it takes half an hour of working at the minimum wage ($13.75 per hour) to earn enough for a beer.

That is not as good as Australia, where it takes just 18 minutes of minimum wage work to afford a beer, or 24 minutes in the United States.

But spare a thought for the people of Georgia, where the lowest paid have to work for more than 15 hours to earn a pint.

A "beer" is defined by Quartz as a half litre of a domestically produced tap beer bought in a bar or restaurant.

Beer prices were provided by crowdsourcing price comparison website Numbeo. Minimum wage rates were sourced from the International Labour Organisation.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content