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Real Hourly Minimum Wages Around The World

Adjusting for purchasing power parity:



Real Minimum Wages



Once you factor in buying power and cost of living, Australia's $16 minimum wage -- the highest in the world -- isn't actually as good as it sounds. Here's a comparison of the hourly minimum wage in 26 countries, adjusted for purchasing power parity:



$7.59 Canada Actual min. wage $9.75



$7.25 United States



$0.80 Mexico min. wage $0.55



$2.80 Chile Actual min. wage $2.15



$4.86 South Korea min. wage $3.98



$3.95 Turkey min. wage $2.69



$4.88 Israel min. wage $5.69



$6.29 Japan min. wage $9.24



$9.77 Australia min. wage $16.00



$8.17 New Zealand min.wage $10.73



Key:



Lower adjusted minimum wage than the U.S. $10 $5 $1



Higher adjusted minimum wage than the U.S.



$8.24 United Kingdom min.wage: $9.38



$3.04 Czech Rep. min. wage: $2.15



$2.53 Estonia min. wage: $2.06



$9.25 Netherlands min. wage: $10.47



$8.97 Ireland min. wage: $10.93



$4.19 Poland min. wage: $2.56



$6.50 Austria min. wage: $7.23



$9.46 Belgium min. wage: $10.99



$3.19 Slovak Rep. min. wage: $2.38



$3.83 Portugal min. wage: $3.49



$6.12 Slovenia min. wage: $5.50



$3.47 Hungary min. wage: $2.42



$4.55 Spain min. wage: $4.63



$10.17 France min. wage: $11.73



$10.37 Luxembourg min. wage: $13.35



$4.28 Greece min. wage: $4.28

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Real Hourly Minimum Wages Around The World

shared by lisamahapatra on Sep 03, 2013 in Economy

Real Hourly Minimum Wages Around The World

shared by lisamahapatra on Sep 03, 2013 in Economy

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Australia might have the highest hourly minimum wage in the world, but it’s also one of the most expensive places in the world to live. $16 in Australia doesn’t buy as much stuff as it does in the...
Rank: 8 of 4939 in Economy

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