One of the drawbacks of the Big Mac index is that it takes no account of Labour costs.

巨无霸指数的缺点之一就是它并未计入各国劳动力成本的差异。

youdao

One of the drawbacks of the Big Mac index is that it takes no account of Labour costs.

巨无霸汉堡指数的缺陷之一是没有考虑劳动力成本。

youdao

The large companies' diffusion index on Labour was minus seven.

大型企业的劳动力景气动向指数为- 7。

youdao

All that remains is the assumption that, between now and 1999, the Bureau of Labour Statistics (which calculates the index) will make a minor fiddle to reduce it by 0.15%.

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Using a simple model, which adjusts the Big Mac index for differences in countries' GDP per head and relative labour costs, gives the result that the yuan is now less than 5% undervalued.

ECONOMIST: Economics focus: Burger-thy-neighbour policies | The