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France has a 12.02 EUR minimum wage, plus the high employer social contributions. We (it's a similar story in the UK - 14 EUR minimum wage) are indirectly payi
by gib444 7mo ago
France has a 12.02 EUR minimum wage, plus the high employer social contributions.
We (it's a similar story in the UK - 14 EUR minimum wage) are indirectly paying a lot of extra taxes
Not forgetting 20% VAT of course
And our governments doing all they can to ensure property prices stay high and rise even higher (don't listen to what they say, look at the data)
- tancop 7mo agohow much is that minimum wage reflecting on the actual prices? from a google search the average location in france spends around 30% of its total expenses on wages and social insurance. if the total labor cost was half what it is (6eur minimum wage) that would imply around 15% lower prices, maybe 25 to be super optimistic. the actual difference is more than 60 percent. hk is not really known for cheap rent and taxes cant fully explain the rest. what im trying to say is the insane prices in europe and usa are a choice.
- gib444 7mo agoPlease use proper spelling and punctuation if you wish to be taken seriously. Lower-case is neither cute nor a flex.