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COPENHAGEN — On a recent afternoon, Hampus Elofsson ended his 40-hour workweek at a Burger King and prepared for a movie and beer with friends. He had paid his rent and all his bills, stashed away some savings, yet still had money for nights out. That is because he earns the equivalent of $20 an hour — the base wage for fast-food workers throughout Denmark and two and a half times what many fast-food workers earn in the United States. “You can make a decent living here working in fast food,” said Mr. Elofsson, 24. “You don’t have to struggle to get by.”
Many American economists and business groups say the comparison is deeply flawed because of fundamental differences between Denmark and the United States, including Denmark’s high living costs and taxes, a generous social safety net that includes universal health care and a collective bargaining system in which employer associations and unions work together. The fast-food restaurants here are also less profitable than their American counterparts.
originally posted by: StoutBroux
The Danish also get 5-8 weeks holiday each year. The Danes have high depression and suicide rates. With all that vacation and great wages, Danes still aren't all that happy. Who would've guessed? And it's darn expensive in Denmark.
1. Denmark
Denmark came in first place as the happiest country in the world in the 2013 happiness report and one of the happiest places in Denmark must surely be Tivoli Gardens. One of the world's oldest amusement parks, Tivoli Gardens will reopen on April 10 for the season to throngs of native and foreign visitors. If a calmer Copenhagen is more your preference, visit the King's Garden at Rosenborg Castle, a popular spot for locals to picnic during the summertime.
4. Denmark
Like other Scandinavian countries, Denmark's government plays a large role in the lives of its citizens — the country has high tax rates and a comprehensive welfare system. The government's total spending was equal to nearly 58% of GDP in 2013, second only to Finland. Excellent work-life balance likely contributed to Danes' life satisfaction. Danes devoted an average of 16 hours a day to leisure activities and personal care, more than any other nation reviewed. Country-residents are also well-educated, having spent an average of 19.2 years in school, third-highest among countries reviewed. When asked if they could count on someone in times of need, 96% of Danish residents responded affirmatively, compared with less than 90% across the OECD.
originally posted by: AlaskanDad
a reply to: crazyewok
Lol's Denmark will be around for awhile longer.
Many American economists and business groups say the comparison is deeply flawed because of fundamental differences between Denmark and the United States, including Denmark’s high living costs and taxes, a generous social safety net that includes universal health care and a collective bargaining system in which employer associations and unions work together. The fast-food restaurants here are also less profitable than their American counterparts.
Could be in the US of A that corporate profits are more important than easily replaceable workers?
Worldwide surveys have consistently ranked the Scandinavian countries — with their generous family-leave policies, low crime, free health care, rich economies and, yes, high income taxes — as the happiest places on earth. But this happiness has always been accompanied by a paradox: the happiest countries also seem to have the highest suicide rates.healthland.time.com...
Economists from the Federal Reserve Bank of San Francisco, the University of Warwick in England and Hamilton College in New York examined life satisfaction scores provided by 2.3 million Americans state by state, and comparing these with state suicide rates. Utah, for example, ranks highest in life satisfaction — but also has the ninth highest suicide rate in the U.S. The No. 2 happiest state is Hawaii, which comes in fifth for suicides. New York, in contrast, comes in 45th in life satisfaction but has America’s lowest suicide rate. Same site as above.
originally posted by: Hoosierdaddy71
Not to sure it would work in the usa.
a reply to: AlaskanDad
in Denmark the same fastfood industry pays a fair wage, whats up with that?
originally posted by: Hoosierdaddy71
a reply to: buster2010
North Korea and India are socialist. Nobody goes hungry there do they? So maybe no system is perfect.
originally posted by: Hoosierdaddy71
originally posted by: AlaskanDad
a reply to: crazyewok
Lol's Denmark will be around for awhile longer.
Many American economists and business groups say the comparison is deeply flawed because of fundamental differences between Denmark and the United States, including Denmark’s high living costs and taxes, a generous social safety net that includes universal health care and a collective bargaining system in which employer associations and unions work together. The fast-food restaurants here are also less profitable than their American counterparts.
Could be in the US of A that corporate profits are more important than easily replaceable workers?
The corporate tax rate there is 25% if memory serves. Much lower than the usa. But the people get a 25% vat tax to make up the difference.
Denmark Personal Income Tax Rate 1995-2014 | Data | Chart | Calendar
The Personal Income Tax Rate in Denmark stands at 55.60 percent. Personal Income Tax Rate in Denmark averaged 61.40 percent from 1995 until 2014, reaching an all time high of 65.90 percent in 1997 and a record low of 55.40 percent in 2010. Personal Income Tax Rate in Denmark is reported by the Danish Central Tax Administration. www.tradingeconomics.com...
europa.eu...
2013 tax rate
Denmark has a complex system of personal income tax that includes:
◾a labour market contribution of 8% of your entire income (employees and self-employed workers)
◾a deduction before any tax is due: personal allowance of DKK 42,000 (under 18 DKK 31,500) for municipal taxes, health contributions of 6% and bottom-bracket tax of 5.83%
◾highest tax bracket of 15% on income above DKK 421,900
◾municipal income tax and church tax – payable at flat rates, which vary depending on where you live (average 2011 rate: 25.7%)
◾social security contributions.
In total, no person must pay more than (2013 rate) 51.5% in national and municipal taxes combined.
originally posted by: Hoosierdaddy71
a reply to: buster2010
North Korea and India are socialist. Nobody goes hungry there do they? So maybe no system is perfect.