Sweden flirts with six hour work day

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Presentation transcript:

Sweden flirts with six hour work day

Sweden flirts with six hour work day The world has come to love Swedish massage, Swedish meatballs, even IKEA. The world may love the next big thing coming out of Sweden -- the six hour work day.

What workers around the world want: More flexibility

How much do you have to work to afford an iPhone?

The ranking, which is published every three years, shows the wealthy residents of Zurich have to work the least, putting in just under 21 hours on the job before earning the cash for the must-have gadget. Londoners have to slog a little more -- 41 hours -- while workers in Mexico City have to put in well over 200 hours, putting the luxury item out of reach for many. The researchers found that Kiev has the worst iPhone affordability -- Ukrainians have to work an average of 627 hours -- or 78 days. In Nairobi and Jakarta they have to clock up 468 hours, or nearly 59 days.

The research highlights how expensive Apple's (AAPL, Tech30) iPhones can be for locals in many global cities. That makes it easier for rivals to outsell Apple in many nations. For example, India's homegrown phone giant Micromax has recently become the country's largest smartphone seller, according to research firm Canalys. In fact, India doesn't have a single Apple Store since the products are too expensive for average workers. Meanwhile, Beijing-based smartphone maker Xiaomi has become one of the world's top five smartphone makers, and frequently outsells Apple (AAPL, Tech30) in China. Earlier this year Xiaomi had its best sales day ever, selling 2.12 million smartphones in 24 hours and setting a Guinness World Record in the process.

Below is a list of the working hours required to buy an iPhone 6 (16GB) in each of these global cities, according to UBS: Mexico City - 217.6 hours Miami - 27 hours Moscow - 158.3 hours Nairobi - 468 hours New Delhi - 360.3 hours New York City - 24 hours Paris - 42.2 hours Rio de Janeiro - 139.9 hours Rome - 53.7 hours Shanghai - 163.8 hours Sydney - 34 hours Tel Aviv - 75.3 hours Tokyo - 40.5 hours Toronto - 37.2 hours Zurich - 20.6 hours Athens - 98.2 hours Bangkok - 149.6 hours Beijing - 217.8 hours Chicago - 28.4 hours Geneva - 21.6 hours Hong Kong - 51.9 hours Jakarta - 468 hours Kiev - 627.2 hours London - 41.2 hours Los Angeles - 27.2 hours