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This is also true when you compare Belgium and Portugal, for example. Belgium has at least double the minimum wage.
Minimum wage in Portugal sits at 665€ (https://www.pordata.pt/Portugal/Salário+mínimo+nacional-74-7892)
So for us to be paying the same amount seems extremely unfair.
There is a reason why it's so rare for my friends and I to subscribe to American services. The whole 'cheaper than a coffee' motto you frequently see sounds completely ridiculous to us when you consider our expresso coffee costs 0.60€