If pay had kept pace with productivity gains, minimum wage would be $24 an hour

Re:If pay had kept pace with productivity gains, minimum wag... by martin_bech on Friday October 09, 2020 @06:26PM (#24735067)

Im from Denmark, none of the money is derived from oil.

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Re:If pay had kept pace with productivity gains, minimum wag... by rightbyte on Friday October 09, 2020 @07:46PM (#24735539)

Denmark is selfsufficient in oil production. It helps ... but so is the US.

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Re:If pay had kept pace with productivity gains, minimum wag... by ashtonkem on Saturday October 10, 2020 @12:37AM (#24736719)

Thanks to fracking, the US is actually a marginal net exporter of oil, depending on the average price of oil (traditional wells can squeeze out frackers with their lower production cost)

As you said, oil helps, but it’s not determinative. Norway is interesting in that they’ve used their oil money very wisely, but it seems pretty clear that other policies are necessary in order to ensure that economic prosperity is well distributed.

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