Posted: Nov 16, 2006 9:36 AM >MI spends $9,072 annually per pupil, while NY spends >$12,930.
and that in both cases, these amounts constitute the single larges budget items, upwards of 30% of total expenditures. So, we know that these two states spend an enormous part of their wealth on education.
The next question is whether the extra money that NY spends actually buys more education, or does it represent merely the inflated cost of living and loving in NY? I.e., are New Yorkers buying more pounds of education, or are we just paying more money per pound?
One way to attack this question is to make NY dollars and MI dollars comparable, something we can do with some kind of conversion factor. A justly famous conversion factor is the "Big Mac" sandwich sold by the McDonald's restaurant franchise. There is a lot to say about why the Big Mac is an excellent, if not perfect, conversion factor, but let's take that on face.
So, I can now report that on 16 November 2006, a Big Mac can be had in Brooklyn, N.Y. for the princely sum of $3.15.