Transcript

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

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...
Category: Economy
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