QuoteProject
The minimum wage in Denmark is about twice that of the United States, and people who are totally out of the labor market or unable to care for themselves have a basic income guarantee of about $100 per day.
Bernie Sanders
ShareWTF𝕏

Interpretation

What this quote means

Bernie Sanders highlights the differences in wage and social support systems between Denmark and the United States.

In this quote, Bernie Sanders compares the minimum wage and basic income guarantees between Denmark and the United States, illustrating a model where higher minimum wages and social safety nets provide more financial security and support for those unable to work. This statement emphasizes the broader conversation about income inequality, social welfare, and the effectiveness of different economic systems in supporting citizens.

Themes

Minimum WageBasic IncomeDenmarkUnited StatesSocial WelfareIncome Inequality

In practice

Example use cases

During a discussion on social welfare policies, I quoted Bernie Sanders to highlight the benefits of a guaranteed income.

More from Bernie Sanders

At a time when the average student is graduating from a four-year college $27,000 in debt, when hundreds of thousands of capable young people no longer see college as an option because of high costs and when the U.S. is falling further and further behind our economic competitors in terms of the percentage of young people graduating from college, no agreement should be passed which, over a period of years, makes a bad situation worse and will make college even less affordable than it is today.
Bernie SandersRead
Do the elected officials in Washington stand with ordinary Americans - working families, children, the elderly, the poor - or will the extraordinary power of billionaire campaign contributors and Big Money prevail? The American people, by the millions, must send Congress the answer to that question.
Bernie SandersRead
In any democratic, civilized - even non-democratic nations, if you are a nation, it means to say that in our case, if there's a hurricane in Louisiana, the people of Vermont are there for them. If there's a tornado in the Midwest, we are there for them. If there's flooding in the East Coast, the people in California are there for us.
Bernie SandersRead
Who do you think controls the Republican Party? Big money controls the Republican Party. This is where their campaign contributions come from.
Bernie SandersRead
The deficit crisis is real and must be addressed. But it cannot be solved on the backs of the weak and vulnerable.
Bernie SandersRead
Let us wage a moral and political war against war itself, so that we can cut military spending and use that money for human needs.
Bernie SandersRead

Similar quotes

The forgotten man at the bottom of the economic pyramid.
Franklin D. RooseveltRead
A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.
Charlie MungerRead
A global economy is characterized not only by the free movement of goods and services but, more important, by the free movement of ideas and of capital.
George SorosRead
If you're totally illiterate and living on one dollar a day, the benefits of globalization never come to you.
Jimmy CarterRead
If you don't talk about families, then it's easy to disembody subprime mortgages and asset securitization and unemployment rates without remembering that every one of those numbers is a million families.
Elizabeth WarrenRead
There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.
Ray DalioRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.