Rocket Internet venture and largest online retailer for Latin America, Linio, has conducted a study on the price of an iPhone compared to the minimum salary in 15 countries in the Americas. Observing that the price for the same tech items varied significantly from country to country, and often grossly out of proportion with wages, Linio undertook the research to understand and promote transparency around global access to technology. They present their findings in the 2017 Tech Price Index.
In the case of the iPhone, Linio looked at various iPhone 6 models without the cost of phone service in all online providers for the country, as well as at least four biggest retailers in the country’s five largest cities. The same process was followed for all items in the original Price Index study.
The research took into account a federal minimum wage when available. In the case of Canada, which offers statewide but not federal minimums, the lowest of the state’s minimum wages was used for calculations. Hourly wages were calculated based on an eight-hour work day and forty-hour work week in the free-trade zone. When differences applied, minimum wages were taken for that of an unskilled worker without extra allowances.
By number weeks, the countries in which workers need the most paid hours to earn the cost an iPhone rank as follows on the table below. In Canada, the minimum-wage workforce would need just over a third of a week, whereas Venezuelan employees need over 20 weeks. All prices are in USD.
|
# |
Country |
Price of iPhone |
Hourly Minimum Wage |
Hours to earn an iPhone |
Weeks to earn an iPhone |
|
1 |
Venezuela |
$97,813.82 |
$25.42 |
3,847.29 |
20.68 |
|
2 |
Dominican Republic |
$965.62 |
$1.11 |
866.19 |
4.66 |
|
3 |
Guatemala |
$889.56 |
$1.45 |
612.44 |
3.29 |
|
4 |
Peru |
$826.39 |
$1.61 |
512.08 |
2.75 |
|
5 |
Brazil |
$843.30 |
$1.87 |
449.87 |
2.42 |
|
6 |
Uruguay |
$815.94 |
$1.77 |
459.94 |
2.47 |
|
7 |
Colombia |
$655.11 |
$1.57 |
416.47 |
2.24 |
|
8 |
Costa Rica |
$852.94 |
$2.16 |
394.49 |
2.12 |
|
9 |
Chile |
$761.66 |
$2.55 |
299.10 |
1.61 |
|
10 |
Argentina |
$900.43 |
$3.17 |
283.98 |
1.53 |
|
11 |
Panama |
$681.11 |
$2.60 |
261.97 |
1.41 |
|
12 |
Ecudaor |
$675.63 |
$2.67 |
253.16 |
1.36 |
|
13 |
Mexico |
$619.98 |
$3.85 |
161.12 |
0.87 |
|
14 |
United States |
$625.88 |
$7.25 |
86.33 |
0.46 |
|
15 |
Canada |
$555.25 |
$8.14 |
68.21 |
0.37 |
NB: Venezuelan technology tops list as least accessible due to inflation issues within the country.
For the full results of the ranking with the interactive table of findings, visit here.

Medaino H.O.M.E Launched On Indiegogo
Posted in Commentary with tags Medaino on February 1, 2017 by itnerdHome is comfort. At the end of a long day, home is the place that gives rejuvenation. But, when a person must closely monitor their health, they often have to choose between quality medical care and the privilege of being home. Now the Medaino H.O.M.E (Hands on Monitoring Equipment) makes it possible to monitor health indicators – including ECG patterns, heart rate, respiratory rate, blood pressure, blood oxygen level, hemoglobin content, and body temperature – all from the comfort of home.
Medaino H.O.M.E.’s infrared spectroscopy technology makes using the device a completely painless process with no needles. During the research and development phase, the Medaino H.O.M.E.’s developers took into consideration the need for the device to be user-friendly. Beta testing results from more than 500 users reflected the device’s efficiency, reliability, and ease of use. It’s 1100 mAh rechargeable battery only requires charging every three months.
The scanned health data from the H.O.M.E. device is transferred to the user’s iOS or Android smartphone app, which analyzes the data and alerts the user when there is a medical problem. This allows not only the user, but anyone connected via the app, to monitor their own or a loved one’s health from anywhere in the world.
For more information, visit www.Medaino.com. To pre-order the device and support the crowdfunding campaign, visit www.indiegogo.com/projects/accurate-health-monitoring-with-love.
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