Why is Denmark the happiest place to live? Unions and employers in Denmark have no minimum wage, but both have agreed on a wage of $20.30 (U.S. equivalent) an hour (1.00 Dutch Krone (DKK) = 0.183640 U.S. dollar, which means their economy is a lot stronger than ours). Denmark also has free education for everyone of all ages and academic levels in its country of 5.6 million college-age students 18 years or older. College students who live on their own receive a monthly stipend of $1,028 (U.S. equivalent), but those living with their parents receive half that amount. The government has persuaded unions to accept a flexible labor market using a model known as “flexicurity,” companies can quickly lay-off workers during downturns in the economy, but workers receive training and help looking for new jobs. They also receive a benefit of $1,902 (U.S. equivalent after taxes) a month for up to two years. Employees also receive free healthcare and a generous pension system with fuel subsidies and...
This blog is a quick read about concerns, whether local or international, facing union and non-union workers.