Wow, you look so agitated!
Aren't both different ways to measure salaries and prices facts that are hard recorded in the very video you posted?
The Economist
informs that last July the average cost of a Big Mac in the USA was u$s 5.51 while in Denmark it was DKr 30 with an actual exchange rate of 6.36.
If we take the wages informed in the video (how lucky it was 20 u$s an hour, a round number!) that means that a McDonalds' employee can buy 4.24 big macs and hour, while with the federal minimum wage of 7.25 u$s a Usian employee can buy just 1.32 big macs. If we take the highest minimum wage statewide, Washington's, of 11.50 u$s an hour, the figure is 2.09, and with the highest minimum wage citywide of 14 u$s (for large companies), it gives 2.54.
That's the fair comparison. I now realize that the presenter confounded the The Economist Big Mac Index for the ppp for the whole country. When he said that the big mac in Denmark was cheaper when you compare the purchase parity, he was telling that a big mac in Denmark was cheaper at the current exchange rate. In fact 14.4% cheaper.
The real country ppp difference is 19.1% against Denmark, based on 2018 projections from the IMF, hence my suspicion over the values used by the reporter (most European countries -the richest- work that way because of the high indirect taxes, no wonder about that).
In fact the reporter lost an opportunity to make Denmark look even better and the USA look even worse by not using the "how many hamburgers do you buy working an hour in this place" base of comparison.
And I'm glad to say that the gross salary of a crew member at McDonald's in Argentina is ar$18000 a month for about 185 hours of work. With a big mac priced ar$ 75, that gives 1.30 big macs an hour, similar to the federal minimum wage in the USA. Not bad for an economy in crisis.
I wonder, if the economy is doing so well in the USA with this Trump dude, why do they pay such ****** salaries?
