Dubliners enjoy fourth highest wages but pay tenth highest prices in world

DUBLINERS are paying the 10th highest prices in the world for goods and services – but with the fourth highest average wages they can earn enough in 15 minutes to buy a McDonald’s Big Mac.

The Prices and Earnings Report, published every three years by Swiss bank UBS, has found that net wages in the US, Switzerland and Ireland are the highest of 73 countries studied.

The net average wage in Dublin is €13.23 per hour. That compares to €2.75 in Vilnius, Lithuania and just 84c per hour in Mumbai.