10 Reasons Why Denmark’s ‘Democratic Socialism’ Is Much Better Than America’s Crony Capitalism
According to per capita income data from the World Bank, Denmark’s per capita income is $6,000 higher than in the US.
GDP per capita (current US$)
Data from World Bank
2. Poverty rates At 6% of the population, Denmark has the 2nd lowest relative poverty rate in the OECD, well below the 11.3% OECD average. According to the US Census Bureau, the official poverty rate in the Unites States in 2014 was 14.8%. There were 46.7 million Americans in poverty.
3. Rate of employment With an employment rate of 72.8%, Denmark ranks 7th highest among the OECD countries, and above the OECD average of 66.2%. The employment rate in the US is 67%. In Denmark, any worker who worked at least 52 weeks over a three-year period, can qualify to have 90% of their original salary paid for, for up to two years. The percentage of out-of-work Americans receiving compensation from unemployment insurance is at its lowest level since the 1970s.