Where Happy Hour Hits The Pocketbook Hardest

Roberto A. Ferdman and Ritchie King describe how they created the above Beer Index:

Numbeo, a crowd-sourced database of the price of goods around the world, maintains a comprehensive list of the average price of a domestic draft beer in different countries. And the International Labor Organization (ILO) maintains a vast library of minimum monthly wage data. So we combined the two—into a beer indicator, of sorts.

By dividing the average price a local has to pay to get a beer by the hourly minimum wage (assuming a 40-hour work week) a person makes in each country, we were able to approximate how long it takes someone making the minimum wage to earn enough to buy a brew at a local bar. The Economist did something similar back in 2012, but used countries’ median wages, and only included 27 countries. This one is a bit more comprehensive (and a bit more about the people who make the least.)