07-02-2023, 12:24 AM
Ironically, Denmark doesn't have a statutory minimum wage.
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averages out to the lowest wage paid to be $18.00 American dollars per hour.
Which was my point. The system in Denmark works well for employers, employees, and companies WITHOUT a mandated minimum wage.
In Hawaii or America in general, every time the minimum wage is increased people howl, kick & scream that it's impossible to pay THAT much. Businesses will collapse!
The economy will be doomed!
It's the end of the world as we know it!
And it never is.
I'll add to HiloJulie's observation about the good old days in 1970, and the price equivalent between a 1970 burger and a 2023 burger. I was raised in a middle class family and back then we might have gone out to eat once a week. Maybe. How often do people dine out now? If you can afford more than one time on a Friday or Saturday night, your food budget fund and disposable income is probably greater than you think, comparatively speaking.
…
averages out to the lowest wage paid to be $18.00 American dollars per hour.
Which was my point. The system in Denmark works well for employers, employees, and companies WITHOUT a mandated minimum wage.
In Hawaii or America in general, every time the minimum wage is increased people howl, kick & scream that it's impossible to pay THAT much. Businesses will collapse!
The economy will be doomed!
It's the end of the world as we know it!
And it never is.
I'll add to HiloJulie's observation about the good old days in 1970, and the price equivalent between a 1970 burger and a 2023 burger. I was raised in a middle class family and back then we might have gone out to eat once a week. Maybe. How often do people dine out now? If you can afford more than one time on a Friday or Saturday night, your food budget fund and disposable income is probably greater than you think, comparatively speaking.