figmentPez
Staff member
One of the arguments against raising minimum wage has perpetually been "But it'll raise food prices, you'll pay more for a Big Mac!"
Only three countries in the world pay more for their Big Macs than the US does. Among the countries that pay less are many who have higher minimum wages than the US. Including Denmark which has a minimum wage for fast food workers (who are unionized) of ~$20 US.
How much less is Denmark paying for Big Macs, despite paying them a lot more than the $15 an hour everyone is worrying about? Big Macs in the US averaged $5.71 in the US for 2020, in Denmark they went for $4.58. Big Macs made by $20 an hour labor are 59¢ cheaper!
Only three countries in the world pay more for their Big Macs than the US does. Among the countries that pay less are many who have higher minimum wages than the US. Including Denmark which has a minimum wage for fast food workers (who are unionized) of ~$20 US.
How much less is Denmark paying for Big Macs, despite paying them a lot more than the $15 an hour everyone is worrying about? Big Macs in the US averaged $5.71 in the US for 2020, in Denmark they went for $4.58. Big Macs made by $20 an hour labor are 59¢ cheaper!