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There is no minimum wage in Denmark, they have a strong union. (not saying that's good or bad)
You can absolutely pay McD's employees more and give them benefits etc....they'll just hire elite workers.
I said effective minimum wage. The poster claimed they were much lower which was wrong. No country needs minimum wage laws when the unions are strong. $20 an hour and great benefits for a McD worker is good, but of course, like everywhere, most people want to work some place more interesting, which is the case all over the world. They dont have the luxury of hiring elite workers of course. Its repetitive work. But McD still operates in these countries even if they are forced to give workers a living wage. There is a lot of propaganda floating around by corporate America where they claim the whip is needed against the American worker or else America will collapse.
Actually, that's not true. I specifically posted the OECD's definition of what net-adjusted disposable income is in the last of these 3 citations. The benefits are indeed taken into consideration:
Yes, I read your post, and some time ago I briefly looked into the metrics of that report. Already having both your children having a master's degree without paying the dime put the Scandinavian indirect benefits off the roof.
Look, I understand that it's difficult to compare as our taxation systems are so different. The US goes with low taxes and high disposable income, the European social democratic countries goes with lower disposable income and high benefits. Personally I think that a combination of these two is the best way to go.
Quote:
Originally Posted by PCALMike
Nope. Effective minimum wage in Denmark for fast food workers for example is $20 an hour and much, much better benefits (overtime, sick pay, health care, paid vacation time, parental leave etc).
US: $5.04
Denmark: $4.44
Australia: $4.30
Euro area: $4.21
Its a myth that prices are so high Europe compared to America even though minimum wage workers in America are making starvation wages.
Denmark may have an effective $15 an hour wage in theory, but that is because their minimal tax is much higher than in the other Nordic Countries. But you're right that every full-time employee has all those benefits.
The starting wage for a fast-food joint employer is €8.95 or something in Finland.
The Big Mac price index is only one small part. Sure, it's partially a myth that everything in Europe would be more expensive than in the US. Obviously, everything is cheaper in Greece than in the US, but their net salary is $1000 a month and in Norway $3700. Generally in Europe gas, eating out, clothing, cars and everything else by the normal VAT is more expensive. But utilities, public transport and other running costs are quite affordable. Housing is a double-edged sword, as rents are much cheaper in European cities, while ownership of a large house is much cheaper in the US.
Might have to do with their very high suicide rates.
Lol. It was fun watching others eat you alive about your false statements. I find it ironic that while passing this one along you added the :think emoji.
Seriously your argument here was based upon multiple falsehoods. Doesn't being wrong over and over like this tell you anything?
Yes, I read your post, and some time ago I briefly looked into the metrics of that report. Already having both your children having a master's degree without paying the dime put the Scandinavian indirect benefits off the roof.
Look, I understand that it's difficult to compare as our taxation systems are so different. The US goes with low taxes and high disposable income, the European social democratic countries goes with lower disposable income and high benefits. Personally I think that a combination of these two is the best way to go.
Denmark may have an effective $15 an hour wage in theory, but that is because their minimal tax is much higher than in the other Nordic Countries. But you're right that every full-time employee has all those benefits.
The starting wage for a fast-food joint employer is €8.95 or something in Finland.
The Big Mac price index is only one small part. Sure, it's partially a myth that everything in Europe would be more expensive than in the US. Obviously, everything is cheaper in Greece than in the US, but their net salary is $1000 a month and in Norway $3700. Generally in Europe gas, eating out, clothing, cars and everything else by the normal VAT is more expensive. But utilities, public transport and other running costs are quite affordable. Housing is a double-edged sword, as rents are much cheaper in European cities, while ownership of a large house is much cheaper in the US.
I looked up Sweden and Iceland. The effective minimum wage in both those countries is roughly $14 an hour with benefits most higher income Americans can only dream of. The dollar is very strong these days so the price level between these countries and America is not much different, probably lower in those countries. Eating out at McDonalds is cheaper in these countries. Of course, big ticket items like child care, prescription drugs, health care, air fares etc are much cheaper.
I wish naysayers or Republicans that just try and write-off such places as 'socialist hellholes' would actually just go and visit them.
Talk to the locals and make up their own minds.
Most people won't do that of course and would prefer to be spoonfed information from their favorite sources.
At least they might try using google street view and click around average towns.
Look for signs of poverty, look for signs of affluence etc.
Funny fact. Does the great pay and benefits for minimum wage workers on Iceland and strong social safety net make them lazy as we hear will happen with American workers if the whip is not used?
No, they have the highest labor force participation rates in the entire OECD club of developed countries, at 89.9% among 25-64 year olds, America is very far down the list:
Social Security doesn't need fixing. If there's a gap, just take the limit off which is currently $118K. Republicans are just trying to use these four years to destroy Social Security and Medicare while giving themselves massive tax cuts. Everyone knew this was coming. I'm not a senior so if seniors want to fight for this, they have to fight vocally. Otherwise, they lose and frankly they deserve to lose since they voted for Trump.
What about the seniors who voted for Hillary? Do they deserve to lose too?
Social Security is MY money. Money the Federal Government has taken out of my pay check for 30+ years. If the Feds want to cut something, how bout cutting handouts like food stamps, medicaid, unemployment, subsidized housing etc.
You are absolutely right. Unfortunately, however, that doesn't change the fact that it is a Ponzi scheme and it is designed to eventually collapse once the liberals at the top have drained everyone of all of their money. But, yeah, we could cut hundreds of billions in other social programs first and I'd have no problem with that.
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