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  LiveWire / Teen Forums / Politics & Government / Viewing Topic

minumum wage laws KILLS jobs
Replies: 49Last Post Feb. 5, 2012 1:38pm by The New World Order
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SwampPig

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Why do you think Denmark has a minimum wage of nearly $19 but lower unemployment than the US?

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3:46 pm on Feb. 4, 2012 | Joined: Mar. 2011 | Days Active: 735
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SwampPig

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Quote: from The New World Order at 8:37 am on Feb. 3, 2012

Look at Norway, high minimum wage but it's reflected with the costs of living being 90% higher then the US(which has minimum wage in quite a few states), the costs of living in the states is about 50% cheaper then australia thanks to our $15 an hour minimum wage.

The argument of saying minimum wage needs to be over the poverty line basically makes everyone sink to that line apart from the rich who would envitebly leave with such an economy.


So what is the unemployment rate in Norway compared to the US?

I'm guessing Norwegians get more in social benefits for paying more in taxes and even after taxes minimum wage workers take home more than their counterparts in the US.

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3:53 pm on Feb. 4, 2012 | Joined: Mar. 2011 | Days Active: 735
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The New World Order


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Quote: from SwampPig at 10:53 am on Feb. 5, 2012Quote: from The New World Order at 8:37 am on Feb. 3, 2012


So what is the unemployment rate in Norway compared to the US?

I'm guessing Norwegians get more in social benefits for paying more in taxes and even after taxes minimum wage workers take home more than their counterparts in the US.



See this where your completely wrong, while the average Norwegian gets 20% higher income then a US citizen, the cost of living is 90% higher effectively making them earn 70% less then the average American.

When there is a huge supply of money with high incomes for the menial jobs it makes that money worth less, it's just common sense.

Post edited at 4:38 pm on Feb. 4, 2012 by The New World Order

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4:22 pm on Feb. 4, 2012 | Joined: April 2006 | Days Active: 1,333
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SwampPig

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http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita

PPP takes into account cost of living.

Norway is ranked 4th.  The US is 7th.

Now, ignoring that I didn't ask about cost of living but about jobs, why is Norway and Denmark's unemployment lower than the US's when both countries have a minimum wage higher than the US?

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6:47 am on Feb. 5, 2012 | Joined: Mar. 2011 | Days Active: 735
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The New World Order


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Ok got this from wikipedia too since you like to use it: ''Norway has a very low unemployment rate, currently 3.1%.[70] 30% of the labour force are employed by the government, the highest in the OECD.[71] 22% are on welfare and 13% are too disabled to work, the highest proportions in the world.''

Source: http://www.dn.no/trygd_i_norge/article1837921.ece
go to Economy section its half way through.

With a Public sector being so massive its no wonder they can keep the unemployment low.

Also PPP isn't a good indicator at all as it only does generalities it doesn't indicate the price differences from other countries if you had the exact things in other countries it only goes by a few goods such as the starbucks index and big mac index failing to give a real outcome for anything.

Try buy a Car or House in Norway then you see my point as both are 3 to 4 times the average price compared to America adjusting with taxation which wouldn't be included in PPP as its only using one or 2 indicators.

Not to mention they pay $11 per Gallon even though they produce the majority of Europes oil.

Source: http://www.newsinenglish.no/2011/07/14/norwegians-most-hated-taxes/

In other Words, PPP is adjusted to how people live in their country, someone in Norway is likely not to have a car or own a house as it is much too expensive and they are likely to buy less food and use less electric from this too so its not accurate at all.

Denmark is similar except its gross Income is lower then the United states, and so would Norway if it wasn't for the fact it was soo much oil in the country which is where most of the welfare in the country is payed from.

If you where to buy the exact same things as you would in the United states as you would in those two countries you would be 70-90% worse off.

Post edited at 1:40 pm on Feb. 5, 2012 by The New World Order

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1:38 pm on Feb. 5, 2012 | Joined: April 2006 | Days Active: 1,333
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