Nine Countries Have A Higher Minimum Wage Than The US’.pdf

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Minimum Wage And Purchasing Power Parity: Only Nine Countries Have A Higher Minimum Wage Than
The US’ [Infographic]
By Lisa Mahapatra
@lisamahapatra
on September 03 2013 3:31 PM
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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.
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$16 in Australia doesn’t buy as much stuff as it does in the U.S. When you adjust Australia’s hourly minimum wage for buying power, or Purchasing Power Parity (PPP), that $16 is
worth only about $9.77 -- which is still quite a bit higher than the U.S. hourly minimum wage of $7.25.
The country with the highest “real” minimum wage is Luxembourg: $10.37 after being adjusted for PPP.
Only nine countries had a higher real minimum wage than the U.S.’, according to OECD data.
Here’s a map that compares the real minimum wages of 26 countries:
Only nine countries had a higher real minimum wage than the U.S.’, according to OECD data.
IBTimes/Lisa Mahapatra
Here’s the same data, presented in a bar chart:
Real Minumum Wages Around The World
Hourly Minimum Wage in US$
Adj usted for PPP
20
15
10
5
0
Is r
So
ae
uth
l
Ko
re
a
Sp
a in
Gr
ee
ce
Po
la n
d
Tu
rk
ey
Po
rtu
ga
l
Hu
Sl
ov
ng
ar
ak
y
Re
Cz
pu
ec
bli
hR
c
ep
ub
lic
Ch
ile
Es
ton
ia
Me
x ic
o
mb
ou
rg
Fr
an
ce
Au
s tr
a li
a
Be
lgi
Ne
um
the
rl a
nd
s
I re
Un
la n
ite
dK
d
ing
do
Ne
m
w
Ze
a la
nd
Ca
na
da
US
A
Au
s tr
ia
Ja
pa
n
Sl
ov
en
ia
These visualizations are based on TheAtlantic's compilations of OECD data.
Lu
xe
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