It Costs More to Purchase Eggs in Indonesia than in The US
Authors
Huda Maulana1, Eka Krisna Santoso2, *, Samsul Arifin3
1Universitas Muhammadiyah Surakarta
2Kalimantan Institute of Technology
3Bina Nusantara University (BINUS)
*Corresponding author. Email: eka.krisna@lecturer.itk.ac.id
Corresponding Author
Eka Krisna Santoso
Available Online 13 June 2022.
- DOI
- 10.2991/aebmr.k.220602.027How to use a DOI?
- Keywords
- purchasing power; egg; minimum wage
- Abstract
One way to measure the wealth of a nation is by measuring its citizen’s purchasing power. The higher the purchasing power, the better. It means that people can consume more products with the same level of wealth. One way to measure purchasing power is by measuring how much people can purchase their essential staple, in this study, egg. Furthermore, if we want to understand whether our purchasing power is strong enough, we measure it with other countries. In this study, we will compare our purchasing power to citizens in the US. This paper will show us that comparing citizens from both countries having a minimum wage costs Indonesians more to purchase eggs.
- Copyright
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article distributed under the CC BY-NC 4.0 license.
Cite this article
TY - CONF AU - Huda Maulana AU - Eka Krisna Santoso AU - Samsul Arifin PY - 2022 DA - 2022/06/13 TI - It Costs More to Purchase Eggs in Indonesia than in The US BT - Proceedings of the International Conference on Economics and Business Studies (ICOEBS 2022) PB - Atlantis Press SP - 211 EP - 215 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220602.027 DO - 10.2991/aebmr.k.220602.027 ID - Maulana2022 ER -