There is no statutory minimum wage in Denmark. The world's cheapest Big Mac can be purchased in Lebanon, according to The Economist's “The Big Mac index.” What is minimum wage in Denmark? Where is the cheapest Big Mac in the world? One reason for Denmark's high prices the country's high level of costs in the form of high taxes and salaries, which generally make it expensive to do business in Denmark said Kristian Skriver, an economist with the Danish Chamber of Commerce (Dansk Erhverv). Small bottle of whisky/gin at supermarket Can of Coke in Denmark?įamily of four estimated monthly costs are 3,839$ (24,949kr) without rent.īottle of wine (drinkable) at a supermarket (75cl) The average Big Mac in Europe will cost $4.75. The complete Big Mac Index ranking 2020 Ranking It is often touted as one of the world's most expensive nations, and Denmark's placing on a 2020 index for the cost of living in countries around the world appears to reflect that. Related guide for How Much Is A Big Mac At Mcdonald's In Denmark? Is Denmark expensive?ĭenmark has been ranked fifth on a list of the most expensive countries in the world for living costs in 2020. The Big Mac Index reports that Denmark has the fifth most expensive hamburger in the world, costing $4.32. So to answer the authors’ question about why can’t the United States follow Denmark’s example on the minimum wage another way: It could it would just mean eliminating hundreds or thousands of job opportunities, and contending with a “Dollar Forty-One Menu.” It doesn’t quite have the same ring to it.5. The corresponding lack of job opportunities for young and unskilled Danes is therefore significant. For example, there are 16 McDonald’s per million inhabitants in Denmark, compared to 45 per million in the United States. For example, the equivalent of the “Dollar Menu” in Denmark is $1.41, and an extra value meal is nearly 40 percent more.Īs a consequence of higher labor costs, Danish fast food restaurants are also far less profitable than their American counterparts–meaning that there are far fewer locations than in the United States. Other analyses put the price discrepancy at around double this. The piece points out that the associated higher labor costs mean that a Big Mac in Denmark costs 17 percent more than in the United States – $5.60 versus $4.80. In the midst of a mostly-fawning piece on Danish labor policy, the authors unwittingly answer their own question: It would lead to higher prices and fewer job opportunities. The authors ask, if the Danes can do it, why can’t the United States? Take this week’s New York Times profile of the comparatively high Danish minimum wage, for example. Proponents of raising the minimum wage often point to Scandinavian countries like Denmark as models for American labor policy.
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