Comparing Real Wages: the McWage Index
1,615 views · Published 6 March 2012 · 1:32:52 · Indexed 25 October 2026
Channel: LSE · 2012 · Education
Speaker(s): Professor Orley Ashenfelter Chair: Professor Lord Layard We apologise for the poor sound quality, an mp3 podcast with better sound quality and pdf slides are available here - http://www2.lse.ac.uk/newsAndMedia/videoAndAudio/channels/publicLecturesAndEvents/player.aspx?id=1372 Recorded on 28 February 2012 in Sheikh Zayed Theatre, New Academic Building. Real wages measure worker welfare and the cost of labour. After providing some historical background and the basis for their interpretation, Professor Ashenfelter reports the results of a decade long study of wage rates at McDonald's restaurants in over 60 countries. Orley Ashenfelter is Joseph Douglas Green 1895 Professor of Economics and director of the Industrial Relations Section at Princeton University.
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