Capital of Denmark is becoming a city for the plentiful
Mon, 16.12.2013.
The city government says current building projects around the capital are out of the price range of the average worker. In just over than ten years, Copenhagen has been rendered into a city for the rich.
As wage levels and housing prices continue to shimmer, low-wage earners are literally getting priced out of the city.
New counts from Statistics Denmark shows that the number of city dwellers in the capital who earn over 400,000 kroner a year has almost tripled from seven percent in 2000 to twenty percent in 2011.
At the same time, the number of people living in the Copenhagen earning below 300,000 kroner a year dropped from 83 percent to 62 percent.
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