A Venezuelan must work 7,063 hours at minimum wage to afford an iPhone

At Denmark's minimum wage, by contrast, it takes 64 hours to earn enough krone to buy an iPhone 13.

From Grover's Electronics Price Index 2021:

After a year of global shortages and supply chain issues, a data study compares the prices of electronic goods around the world.

apple iphone venezuela Denmark

My take: Helps explain the iPhone's low market share in some of these countries.

2 Comments

  1. Timothy Smith said:
    Jonah Goldberg tells the story of the rich man in India who was asked why he didn’t move to the US, given how dirty and polluted India is. He replied that he couldn’t be as rich in the United States.

    “What sense does that make?”

    “For example,” he replied, “I have never tied my own shoes.”

    5
    February 4, 2022
  2. Robert Paul Leitao said:
    iPhone prices are the least of Venezuela’s problems. What’s occurring in that nation is shocking. The deprivation of human rights and human dignity due to government policies and authoritarian rule is almost unspeakable. Venezuela has the largest known oil reserves of any nation on the planet and has the means to more than provide for its people. I’ll stop here.

    5
    February 4, 2022

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