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For reference the lowest wage at a McDonald's in Denmark is above $18 plus extra for outside normal working hours like holidays etc.
by Dah00n 5y ago
For reference the lowest wage at a McDonald's in Denmark is above $18 plus extra for outside normal working hours like holidays etc.
- gruez 5y agoThe GDP per capita of denmark ($61,478) is 50% higher than montana ($39,356).
- mcphage 5y agoI wonder which way cause & effect goes.
- gruez 5y agoI'm sure all developing countries need to do to raise their GDP is to increase their minimum wage! /s
- imtringued 5y agoLow wages provide no incentive for productivity growth.
- gruez 5y agoAccording to that logic, was the industrialization of north america and europe caused by... wage growth?
- mcphage 5y agoWell, GDP is a measure of how much your country produces. Why do things get produced? Because it can be sold. Who buys things? People with money. How do people get money? By working and being paid. So pay people more, then they'll buy more, then producers can produce more, then your GDP goes up. Is it that simple? No, of course not. But it's not a crazy chain of connections.
- gruez 5y ago> How do people get money? By working and being paid. So pay people more, then they'll buy more, then producers can produce more, then your GDP goes up. That sounds more like inflation than productivity actually going up.
- Dah00n 5y agoTo add, one have a minimum wage while the other have a system where politicians have no say in wages (it's decided by employers and unions).