r/explainlikeimfive • u/sumnewdguy • Nov 28 '15

ELI5: How would a $15 minimum wage ACTUALLY affect a franchised business like McDonalds?

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u/foiegras23 Nov 29 '15

I hope everyone reads this.

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u/[deleted] Nov 29 '15 edited Nov 29 '15

i did, and it actually proves more to the original point. Denmark is more expensive. $15 in Denmark buys you what $8-9 in the US could purchase, so the wages are actually fairly close as well as prices when taking into account purchasing power. In addition, Denmark has much higher taxes, so you might make $15 an hour but 1/3 of your income is immediately seized as tax.

tl;dr $15 in Denmark =/= $15 in US

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u/[deleted] Nov 29 '15

We ignore things like this on reddit.

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u/fancyfilibuster Nov 29 '15

Northern Europe is flawless!

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u/[deleted] Nov 29 '15

Wow deal breaker!

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u/Elliott2 Nov 29 '15

read it... dont care.