Math challenged? :)
160 hours into $340 is $2.13 an hour!I think you meant 340USD/week, huh? Not that that's exactly a screaming wage, but at least it's the federally mandated minimum wage.
As for higher wages in Scandinavia: the taxes in Denmark come in at around 55%, and if they're being taken out of the wages (which I'm sure they are), suddenly that big salary doesn't look that much better.
On the other hand, there's Denmark's cradle-to-grave health care.
JJ
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I think I've heard that hourly wage before... It could be that the poster indeed was right
Top bracket tax.is 59% in Denmark. Total taxation is 49% of GNP compared to US 30%, but on the other hand things like health care, retirement homes and higher education are largely free - and most US citizens would have to pay big insurance premiums, I've understood. The differences may not be that large after all. Anders
JJ - without actually looking it up, $2.13/hr. sounds about right. There is a separate minimum wage covering employees with tip income and when payday comes around, their net pay is often $0, as taxes on their wages + estimated tips will exceed their gross pay.
in article snipped-for-privacy@4ax.com, Bechi at Bechi wrote on 4/5/05 6:23 AM:
Exactly right. Most US states have a separate minimum wage law covering restaurant workers who receive tips. The restaurants are also required to use a calculation of tips servers report as income in order to pay the proper amount into the federal social security fund (don't get started on that) for the server. That's how they can wind up with $0.00 in their actual wage check. (Many restaurants pay out tips in cash, regardless of whether credit cards were used).
Here's a site reference for the US Restaurant Association where you can download a PDF file of a map showing the exact figures by state. Only a handful of states apply the same minimum wage to ALL jobs in the state. Many DO have a server minimum of US$2.13 PER HOUR.
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When in Rome... :-) Anders
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