Exchange rates

9th November, 2008

According to Wikipedia, the United Kingdom has a per capita GDP of US$37,328 which (according to Google) is about £20,223. Again from Wikipedia, average annual working hours in the UK is 1652.

So, on average, the UK worker is paid £14.40 per hour (before tax). What's interesting about this is that the calculation can be done the other way:

£1 ≈ 0.069 hours (4.1 minutes)

To put this in more personal terms, approximately 4.1 minutes of your life is worth £1. You'll never see that four minutes again; you'll never get it back.