(06-04-2010, 11:27 AM)Alliera Wrote: I have no concept of what things cost outside of Denmark (aside from books and computer games, anyway), but triple sounds completely off the wall.That's because it is. Copenhagen is expensive, but it's not as expensive in absolute terms as New York, or even Los Angeles. Prices are triple of... Kuala Lumpur? Delhi?
Wage levels are high to compensate. Inequality is extremely low, so it's not a distributional problem. An hour of work buys about 3/4 of what it does in the US, after tax, but before you consider the value of everything you get for your tax dollars, including health care, education, and so on.
So, yes, Kandrathe is, for the millionth time, throwing out a massively exaggerated figure, which no doubt fits with his ideological caricature, but does not come even close to matching reality.
-Jester