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News & Current Events (Articles Required)
Australian Minimum Wage Increased by 5.75%
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<blockquote data-quote="Nithavela" data-source="post: 77245605" data-attributes="member: 185184"><p>For my own amusement, I just punched in the income for a Mac Donalds worker working at 22 Euros per hour, 40 hours per week, 52 weeks per year, which adds up to 45760 Euros. In Kopenhagen, the capital of denmark, you pay 31 % tax on that, so you take home 31489 euros.</p><p></p><p>[URL unfurl="true"]https://dk.talent.com/en/tax-calculator?salary=340829&from=year&region=K%C3%B8benhavns[/URL]</p><p></p><p>In Illinois, where the minimum wage is 13 Dollars per hour and thus on the higher end of US rates, a Mac Donalds worker working 40 hours per week, 52 weeks per year makes 27.040 Dollar. On that, he pays 4772 Euros tax and takes home 22.268 Dollar, or 20761 Euro.</p><p></p><p>[URL unfurl="true"]https://smartasset.com/taxes/illinois-tax-calculator#XWoMNIvi5M[/URL]</p><p></p><p>All numbers are subject to change on currency exchange rates, but shouldn't vary too much.</p><p></p><p>At the same time, Life in Illinois is 17.7 % more expensive. So adjusting for that, MacDonalds workers with the wages of denmark have a spending power of 37.062 Euros, or 178.5 % of the spending power of a MacDonalds worker in Illinois.</p><p></p><p>[URL unfurl="true"]https://www.mylifeelsewhere.com/cost-of-living/denmark/illinois-usa[/URL]</p><p></p><p>And that's not even touching all the other benefits a MacDonalds worker in Denmark has over his compatriot in the USA, like paid vacation or maternity/paternity leave.</p><p></p><p>And all that for the price of 35 cents more for a Big Mac.</p></blockquote><p></p>
[QUOTE="Nithavela, post: 77245605, member: 185184"] For my own amusement, I just punched in the income for a Mac Donalds worker working at 22 Euros per hour, 40 hours per week, 52 weeks per year, which adds up to 45760 Euros. In Kopenhagen, the capital of denmark, you pay 31 % tax on that, so you take home 31489 euros. [URL unfurl="true"]https://dk.talent.com/en/tax-calculator?salary=340829&from=year®ion=K%C3%B8benhavns[/URL] In Illinois, where the minimum wage is 13 Dollars per hour and thus on the higher end of US rates, a Mac Donalds worker working 40 hours per week, 52 weeks per year makes 27.040 Dollar. On that, he pays 4772 Euros tax and takes home 22.268 Dollar, or 20761 Euro. [URL unfurl="true"]https://smartasset.com/taxes/illinois-tax-calculator#XWoMNIvi5M[/URL] All numbers are subject to change on currency exchange rates, but shouldn't vary too much. At the same time, Life in Illinois is 17.7 % more expensive. So adjusting for that, MacDonalds workers with the wages of denmark have a spending power of 37.062 Euros, or 178.5 % of the spending power of a MacDonalds worker in Illinois. [URL unfurl="true"]https://www.mylifeelsewhere.com/cost-of-living/denmark/illinois-usa[/URL] And that's not even touching all the other benefits a MacDonalds worker in Denmark has over his compatriot in the USA, like paid vacation or maternity/paternity leave. And all that for the price of 35 cents more for a Big Mac. [/QUOTE]
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