Three years ago, when UBS last carried out the study, London was ranked sixth on prices and 13th on earnings. Salaries for many jobs have fallen in dollar terms in London since UBS last carried out a detailed examination of prices and earnings in 2015. But today the primary school teacher, on $34,756, earns less than the bus driver ($34,802) and the car mechanic, now on $36,626. In 1976, a Dublin bus driver earned 32% less than a London bus driver in dollar terms, but today they earn around 25% more. Bus driver pay around the world (per year)Luxembourg – $99,241Zurich – $86,238Copenhagen – $50,073Dublin – $43,374New York – $43,340London – $34,802Shanghai – $12,072Istanbul – $7,848Lagos – $1,498Cairo – $860Source: UBS Global cities ranking 2018 – selection.

Source: The Guardian May 29, 2018 16:30 UTC