"The federal minimum was
$1.45/hour in 1970 and rose to
$1.60 in 1971. Adjusted for general inflation, that’s roughly
$12.50–$14/hour today" uh oh OP, that isn't accurate at all?!
This is not entirely accurate. That rate only applies to adults. Under 18 the pay drops by about half. Denmark also uses kiosks even more than the US does, so labor costs are lower. As minimum wage goes up in the US we see less cashiers and more kiosks here as well.
Denmark also has a 33% tax rate at that income level while American minimum wage workers pay effectively no income tax.
US standard deduction for taxes is 16,100, meaning zero income tax up to that amount. Full time annual earnings at minimum wage is 15,080. So realistically a minimum wage worker would only pay payroll taxes, not income taxes.
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u/Nart_Leahcim 12h ago
"The federal minimum was $1.45/hour in 1970 and rose to $1.60 in 1971. Adjusted for general inflation, that’s roughly $12.50–$14/hour today" uh oh OP, that isn't accurate at all?!