Highest minimum wage in the world. 83 dollars per month making it the 45th in the world.

Highest minimum wage in the world. This small European country, known for its economic stability and high quality of life, continues to attract professionals from various fields, especially in the financial, technological and international services sectors. 2. , referring to the practice of annual wage fixing by […] Mar 21, 2025 · Navigating the High Minimum Wage Corners of the World In a world where financial uncertainties reshape every market, certain countries stand tall with robust minimum wage structures, offering financial flexibility to their working residents. That is around 691. That Oct 25, 2022 · Here are the top 10 countries with the highest minimum wage in the world (for adult workers in regular ‘unskilled’ labour) converted into UK currency for reference. We will also discuss the companies that provide fair wages in these times of inflationary surge. 14 per hour. While the specific amount of the minimum wage varies from country to country, there are some nations that stand out for having particularly high minimum wages. 60), France ($12. Employers are legally obligated to pay this amount or slightly above it. The purpose of a minimum wage is to establish the lowest amount a worker can earn while 3 days ago · Countries With The Highest Engineering Graduates (Photos) / Top 10 African Countries With The Highest Minimum Wage In 2023 / Countries With The Biggest Debts In The World (Photos) (2) (3) (4) A minimum wage is the lowest remuneration that employers can legally pay their employees – the price floor below which employees may not sell their labor. According to the report, Switzerland boasts the highest estimated minimum gross monthly wage, standing at $4,215. The Belgian government sets the average minimum wage at $10. Mar 11, 2025 · The country with the highest minimum wage rate in Europe during the first half of 2025 was Luxembourg, with a minimum wage of 2638 euros. But not everyone. If you Mar 8, 2025 · As economies shift and the cost of living soars, fair wages have become a pressing global concern. And the amount can be even more depending on workers Minimum wage is the lowest rate of pay at which a worker may be legally employed. Luxembourg, Australia, and France topped the list. 81. A landmark Jul 4, 2025 · U. The value “0” is displayed when the country has no minimum wage. What was the highest minimum wage in history? The purchasing power of the federal minimum wage has fluctuated; it was highest in February 1968, when it was $1. This amount sums up to €1,998. While minimum wage increases every year in the UK, it still does This is highest minimum wage in terms of purchasing power, so it takes into account the high costs of living. As of January 1, 2021, the minimum wage in Luxembourg is set at €2,201 per month for unskilled workers over the age of 18. Nov 2, 2020 · Geneva is very wealthy, but not everyone is rich and now it has the world's highest minimum salary. Oct 7, 2024 · Explore the Global Minimum Wage Landscape 2024, comparisons of wage policies across countries. Australia will have the highest minimum wage in the world as of 2021, at AUD $19. They include: United Kingdom Depending on age, the minimum wage rate is approximately 7. Jan 8, 2025 · A new study from Madison Trust Company shows the countries with the highest minimum wages and the most considerable minimum wage increases in recent years. Luxembourg leads the way by providing its workers with the highest minimum wages, however, an exception to the highest minimum wage exists as some developing nations must catch up, especially from Asia and Aug 30, 2023 · Top 5 countries with the highest minimum wage in the world In global economic benchmarks, let’s uncover the top-ranking nations that boast the most substantial minimum wage standards. Nov 15, 2024 · The highest minimum wages in the world are in Australia, New Zealand, Ireland, Canada, Belgium, France, the U. 74 per hour. dollars. 50). This comparison uses annual minimum wage data, represented in U. Dec 26, 2024 · Switzerland has the highest minimum wage in the world. Here’s a look at the top 10 European countries leading the way. This small but prosperous nation frequently tops lists for its robust national minimum wage. Mar 29, 2025 · To that end, countries set minimum wages to protect their labour force and ensure an increase in overall living standards. Jan 31, 2016 · How does the rest of the world handle the minimum wage? The Organization for Economic Cooperation and Development has ranked several countries by after-tax hourly wages, taking into account the cost of living in each country. Jul 20, 2019 · AUSTRALIA HAS long been at the leading edge of minimum wages. 48), Germany ($11. 80 per hour, following a bump to the national standard in May. 67 per hour. 3 days ago · Minimum wages across Europe vary widely, shaped by each country’s cost of living, economic policies, and labour market strength. Learn about wage factors, economic impact, and global payroll management. Minimum wages are set by either the government or union negotiations and can be calculated hourly, weekly, or monthly. 14 USD per hour based on a 40-hour work week. Governments usually base the minimum wage on one hour of work, but some countries calculate their minimum wages on daily, weekly, or monthly employment. Jun 25, 2025 · Notably, it has one of the highest minimum wages in Europe, topped only by the United Kingdom and Germany. 25 per hour, many state and municipal governments have introduced higher minimum wages that apply to workers within their jurisdiction. Jan 5, 2024 · Washington state's minimum wage is the highest in the country. Mar 14, 2024 · At the top end of the spectrum, countries like Australia, Luxembourg, Netherlands, and Belgium offer some of the highest minimum wages globally. Germany — 74. 40 per hour. Meanwhile, average monthly salaries tend to be highest in the country’s capital, Brussels, at €4,381 ($4,763). Stay compliant with global minimum wage laws in 2025. The federal minimum wage in the United States is $7. Governments are responsible for ensuring their citizens' living standards are safeguarded, and setting a minimum wage is one way to achieve this. Jan 19, 2024 · Minimum wage rates differ from one country to the next, making it hard for international employers to remain compliant across all geographies. 25 per hour, therefore this rate is more than twice as high. 65 Rising two places from the 2024 ranking, Germany climbs to the top five on Remote’s 2025 Global Life Work Balance Index. In this presentation, we will explore which country currently has the highest The majority of the states have a higher minimum wage than the federal, but the state/federal delineation makes it difficult to nail down what the effective minimum wage actually is in the US without averaging all of the states. 8%. 25 hourly, but some states and cities have set their rates higher. 20 pounds sterling (GBP) per hour at a high and 3. Countries with the highest minimum wage in the world include United States, United Kingdom, Germany, and France. May 15, 2025 · This Quick view provides a list of national minimum wage rates across key jurisdictions around the world. Jul 28, 2014 · The United States, for example, has a respectable minimum wage, but what you don’t see is we’re one of the toughest countries with the aforementioned perks. minimum wage if it grew with productivity The world is home to over 7 billion people and over 200 nations, presenting numerous opportunities to provide sustainable livelihoods for the global workforce. Under the Federal Fair Labor Standards Act, states and localities are permitted to set their own minimum wage rates, which will take precedence over the Federal minimum wage rate if they are higher. 49), Luxembourg ($14. Compare the official minimum wage rates of 193 UN member states and other territories as of February 2023. The level of minimum wage varies significantly from country to country, with some nations offering much higher rates than others. Understand global trends for workers and businesses. Even though earnings vary, the figure is still around 321. Minimum wage calculations commonly adhere to hourly or monthly rates, occasionally appearing as daily or weekly figures. Feb 12, 2024 · Ireland saw an increase in the minimum wage last month, giving people working at the lowest level €12. 15), beating out Luxembourg by a cent. 54 an hour after taxes. European countries have some of the highest standard minimum wages in the world thanks to long traditions of labour movements and rights. The amount is converted to dollars for comparative purposes. K. 59 per month. Apr 11, 2023 · Countries with an officially set minimum wage of more than 1000 USD a month have the highest minimum wages in the world. Minimum wages worldwide 2024 Net minimum monthly wage in CEE 2024 Monthly minimum wage rates in European countries in the first half of 2025 Statutory minimum wage amount in Germany 2015-2025 Jun 20, 2025 · How does minimum wage vary around the world? This comprehensive guide provides a breakdown of the minimum wage by country in local currencies and USD. Dec 9, 2024 · International wage differences are a major consideration for global employers. It is one of the countries with the highest minimum wage in the world. 24), and Australia, which has the highest minimum wage at $15. have adjusted the hourly wages to a higher level following inflation in 2023. Jul 28, 2023 · Only workers over 23 years are entitled to earn a living wage, i. Its balanced approach ensures that workers receive fair compensation. In Venezuela, for example, which has one of the lowest minimum wages in the world, hyperinflation has rendered the minimum wage nearly worthless, leaving millions unable to afford essentials like food, housing Minimum-Wage. The web page also compares the pros and cons of minimum wage and provides some economic insights into each country. All workers aged over 21 are entitled to this pay. Mar 25, 2025 · The national living wage is the highest rate of the minimum wage, which is the lowest hourly pay that most workers in the UK are entitled to by law. 25. It's a standard set to safeguard employees from unduly low pay, and reflects a society's judgment on the minimum salary a worker should earn to lead a decent life. S. But which European countries occupy the first 10 positions when it comes to paying a high amount for minimum wages? Top 10 Countries With The Highest Minimum Wage In Europe 2020 1. Dec 20, 2018 · “The weight of the evidence to date suggests the employment effects from minimum wage increases in the US have been pretty small; much smaller than the wage increases. The minimum wage is argued to provide the labourer with the basic amenities provided by the country. Apr 22, 2025 · In Europe, there are several countries with the highest minimum wages, offering monthly earnings over 1,000-a figure surpassing many global averages. 5525 per hour. Jan 5, 2025 · The states with the highest minimum wages A total of eleven states, plus the District of Columbia, have minimum wages set at $15 per hour or higher. Some countries stand out for offering workers some of the best minimum pay in the world. 25, the United States does not place in the top 10 in 2021. 66) and California (where the minimum wage is $16. If you want to learn more about minimum wage by country, please refer to the data in the charts. ): Australia has the highest minimum wage of all developed nations: $9. Jan 8, 2022 · The minimum wage is the lowest amount that a person’s employer can pay them for a certain amount of work. Check here to learn how to manage payroll in the United Jun 9, 2025 · Discover which countries have the highest minimum wages in the world. Out Jul 28, 2023 · With a minimum wage of $15. Here’s a quick snap shot of the highest minimum wage rates in the world… Nov 10, 2023 · Discover Global Leaders: the top 20 countries with the highest minimum wages, setting global standards for fair pay and income equality in 2023! Apr 3, 2025 · A new analysis by Ringover has considered 40 countries with the highest GDP in the world and found the average salaries for 30 in-demand job roles to determine the best countries for pay, as well as the best paid jobs per sector. In states that do not set a minimum Dec 23, 2024 · Key takeaways With a federal minimum wage of $7. Read on to know how generous are minimum wages around the world. 59 Luxembourg is the highest paying Explore the global landscape of minimum wages in our comprehensive guide. The state with the highest minimum wage is Washington, D. This variation is due to annual incremental increases by governments upon determining the lowest livable wage, while others stay fixed. 93 (US$14. Oct 5, 2020 · The canton of Geneva, Switzerland, voted to introduce a minimum wage of 23 Swiss francs ($25) an hour. 93 to $19. Wages as Gazetted in the Country Jan 4, 2024 · Washington will have the highest state minimum wage in the country in 2024 at $16. Feb 28, 2020 · The US had the twelfth highest minimum wage in the world. [2] In effect, the United States has over 100 different minimum wages across the nation. Countries with the lowest minimum wage in the world include Cuba, Bangladesh, and the Central African Republic. Learn about the importance of understanding and managing minimum wage across different jurisdictions. 84 ($14. Minimum wages increase the standard of living in society. New comments cannot be posted and votes cannot be cast. This small but wealthy nation has a strong financial sector, high GDP per capita, and a cost of living to match. Generally, the minimum wage of a country is expected to be the lowest wage a labourer can earn while working in the nation. Jun 25, 2025 · Australia scores eighth for global life-work balance in 2025 – but boasts the world’s highest minimum wage Australia has been ranked among the top ten countries for life-work balance in a new Aug 8, 2025 · Between July 2024 and July 2025, Montenegro and North Macedonia recorded the highest increases in minimum wages, both above 20%. This equates to approximately $2,614 USD per month or $15. Which countries offer the highest minimum wages, and where are workers still struggling to earn a fair living? Minimum wages around the world, highest is in Luxembourg! (Credit to Visual Capitalist) Archived post. The US has the twelfth highest minimum wage in the world in 2018. The highest minimum wage in the world is currently found in Luxembourg. For the record, the US minimum wage is $15,080. 70 per hour, but how does that compare to other countries around the world? Jul 28, 2023 · However, with the liberty to set their wages, nearly 26 states across the U. “We are the highest now in ASEAN because of these yearly increases,” according to ECoP President Sergio Ortiz-Luis, Jr. ‍ Feb 20, 2019 · Minimum wages across the world differ significantly. 23 USD) for workers aged 18 and over. The countries with the highest minimum wages in the world in 2021 have The numbers in this article are from the National Conference of State Legislatures (NCSL). Seven of the 10 countries with the highest minimum wages are from Europe. Of course the beneficiaries of these minimum wages are not the highly skilled workers who earn very high Mar 8, 2025 · For workers around the world, minimum wages can mean the difference between financial security and daily struggle. 93. On this page, you can view the NMW of the different countries, (National currency and in Dollars or Euros). 55. It is typically computed on a per-hour or Aug 22, 2022 · Luxembourg has the highest minimum wage in the world currently - but a minimum wage doesn’t always reflect a true ‘living wage’, say experts. The country has a strong social welfare system, which helps to support its high minimum wage. 25 per hour in 2020—the 17th highest in the world, but barely half that of the global leader, Australia. [2] Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations Jan 10, 2025 · Here are the localities with the highest minimum wages according to EPI — they're all in Washington (where the minimum wage is $16. , with a minimum wage of $15. minimum wage 2024, by state Ranking of OECD countries by real national minimum wage 2022 U. Lots of factors go into calculation of minimum wage such as cost of living May 26, 2023 · Prepare your business for global compliance with this complete guide to the minimum wage by country, ranking every country from highest to lowest. The state of Victoria was the second place in the world to introduce a wage floor in 1896, beaten only by New Zealand. currently have minimum wages above the federal minimum wage of $7. 46 per hour, Australia is ranked as the top country with the highest minimum wage in the world in 2023. g. Mar 29, 2023 · Simply viewing minimum wage as an isolated amount of money, the UK ranks as having the fifth highest minimum wage in the world. The minimum wage for non-tipped workers in the United States remains $7. dollars (USD) to facilitate a clear global comparison. The minimum wage, a statutory Jul 13, 2025 · Here're the countries with the lowest minimum & highest minimum wage in the world. 60 per hour. As of January 1, 2023, the District of Columbia had the highest minimum wage in the U. 54 USD) per hour. Minimum wage or NMW Is the lowest salary that workers must receive for the legal working day. Aug 26, 2022 · Minimum wages are a way of stopping the exploitation of workers and helping lower-income families, however, 10% of countries globally do not have a minimum wage, according to the International Labour Organization. The first national minimum-wage laws were instituted in the late nineteenth century, and most developed countries eventually adopted some form of minimum wage. And while these countries offer higher wages, for the most Apr 11, 2019 · Australia has the third-highest minimum wage in the world, at $18. For example, 33 states in the United States have higher minimum wages than the federal rate (plus military rates on federal bases) – on top of this an additional 42 city-level subdivisions having different minimum wage rates and 53 countries. However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. Minimum wage policies stand as fundamental pillars shaping the livelihoods of millions of workers worldwide. Mar 20, 2023 · World-famous for its beer, chocolates, engineering, scientific instruments, textiles and automotive production, Belgium boasts high standards of living and education — making it a great choice if you’re relocating with family. Though the Netherlands has the highest official minimum wage levels, it is likely Scandinavian worker’s are paid more A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. It also directs users to Panoramic guides, in-depth analysis, recent developments, and . ” In reality, many minimum-wage earners in developed nations work in the service sector, where it can be easier to pass pay increases on to customers via higher prices. 87 per hour (approximately $17. 54 USD an hour. dollars per hour, although the minimum wage varies from state to state. Up to date and historical data. Yet, other countries that are close behind As the name implies, minimum wage is the lowest salary a person can receive as regulated and mandated by the government. There can be an hourly minimum wage, a weekly minimum wage, or a monthly minimum wage. Ideally it’s enough to cover basic needs like food and housing, but this isn’t always a guarantee. For workers around the world, minimum wages can mean the difference between financial security and daily struggle. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with Nov 28, 2017 · The high minimum wage rate in the country over the years have made Belgium rank third on the list of the top 10 countries with the highest minimum wages in the world. Mar 26, 2024 · The highest minimum wage in the US is close to $7. Luxembourg’s workers benefit from monthly minimum salaries that are adjusted for both skill level and age category. , $13. In this article, we will take a look at the top 10 highest minimum wages in the world, as well as explore some of the reasons behind their high ranking. In contrast, Ukraine and Turkey experienced the largest declines. Mar 6, 2025 · Libya is the second African country with the highest minimum wage. Accordingly, each state has its own average minimum wage, which is usually higher than the Federal minimum wage of $7. The Fair Work Commission determines Australia’s minimum wage, which is updated each year to reflect inflation. 50 per hour. The minimum wage, the lowest hourly amount that an employee may be paid for their labor, is determined by both state and Federal labor laws in the United States. 78 per hour. 50 U. Get the latest insights and data here. This means full-time workers will earn at least 45,264 Swiss francs a year, or $49,386. Most countries had introduced minimum wage legislation by the end of the 20th century. The country has a strong economy and a high cost of living, which has led to its relatively high minimum wage Feb 23, 2024 · Countries with the highest minimum wage. Sep 23, 2022 · A ranking of OECD member states by hourly and annual minimum wage in 2021, based on international dollars and purchasing power parity. This page lists the states, cities, and counties with the highest minimum wage rates in the United States, as well as those that adopt the lowest permitted minimum wage rate (the Federal minimum wage Mar 15, 2023 · Mapped: Minimum Wage Around the World The purpose of a minimum wage is to establish a baseline income level for workers in a given jurisdiction. In 2025, the global wage landscape continues to evolve, with certain countries setting the bar high. As of 2023, the country with the highest minimum wage in the world is Luxembourg, with a minimum wage of €14. These countries usually have sound economies that are built around industry, but more recently around technology, finance, and minerals. 96 an hour before Top 10 countries with the highest minimum wage in the world The minimum wage is a principle that ensures a legal minimum remuneration that the employer is obliged to pay to employees for the work May 26, 2025 · THE Employers Confederation of the Philippines (ECoP) said large wage hikes are no longer workable now that the Philippines has the highest minimum wages in Southeast Asia. 83 dollars per month making it the 45th in the world. As of 2022, an employee earning the minimum wage is paid 24 Swiss francs per hour, equivalent to €23. Countries with the highest salary and wage for workers. Most countries in the world have minimum wage legislation. This Nov 2, 2020 · Geneva is very wealthy, but not everyone is rich and now it has the world's highest minimum salary. Luxembourg – €2,638/month Luxembourg tops the list of countries offering the highest minimum wage in The rate of minimum wage varies from country to country, and within the U. The highest minimum wage in the world is found in Luxembourg, where workers are guaranteed a minimum wage of around $14. Image: International Labour Organization. Where should workers move to in order to earn the best minimum hourly wage? The answer is Australia. Jun 17, 2025 · Curious how the US stacks up on minimum wage in 2025? See the highest and lowest hourly minimum wage rates, plus what every employer should know. 25 per hour in 2020 — the 17th highest in the world, but barely half that of the global leader, Australia. Each month, the minimum wage translates Oct 31, 2024 · The tiny nation of 670,00 people is the world's richest country and also has the highest minimum wage, which increased again this year by 3. State Minimum Wages 29 states and D. Mar 29, 2025 · A country’s minimum wage is the legally mandated lowest amount that employers can pay their workers for a specified unit of work. In this guide, we’ll deep-dive into the latest minimum wages by country in 2025. Additionally, minimum wage rates vary among cities and countries, typically higher in advanced nations compared to developing ones. Depending on the European country, minimum wage payment can be set on age or based on the experience of the employee or working duration. Jan 3, 2019 · Interestingly, Australia, Luxembourg, New Zealand, France, and the Netherlands offer the highest minimum hourly wages in the world, according to data from Germany’s Wirtschafts-und Sozialwissenschaftliches Institut (WSI). C. Compared to other developed regions, like the US, even countries with relatively modest minimum wage provisions look positively generous. Jun 9, 2025 · Where is the highest minimum wage in the world? The answer is Luxembourg. 28 an hour, but three cities in the state have even higher wages. Apr 4, 2016 · Check out the countries that have the highest minimum wages. Countries that pay workers very well 2024. Oct 3, 2020 · Voters in Geneva, Switzerland, have agreed to introduce a minimum wage in the canton that is the equivalent of $25 an hour – believed to be the highest in the world. Introduction: Minimum wage is a critical aspect of labor laws and policies in countries around the world. Oct 3, 2023 · The countries with the highest minimum wages France offers the top real minimum wage among the OECD group at $13. What is the highest minimum wage in 2023? The federally mandated minimum wage in the United States is 7. Luxembourg has the world's highest hourly minimum wage ($13. Catch the Basics: Quick Facts About Minimum Wage The minimum wage is the lowest wage that an employer is allowed to pay by law. As evidenced by the countries with the highest and lowest minimum wages in the world, such policies can significantly improve the quality of life for workers and stimulate the economy. 56 an hour. , at 16. Studies show that the countries with a higher minimum wage requirement have happier citizens. Jun 1, 2023 · The minimum wage by country and deciding its rate is a law policy that helps a nation ensure equitable wages and productive employment within its territory. If you’ve ever wondered where in the world workers earn the Explore the 2025 global minimum wage rankings. 25 U. Denmark has no federal minimum wage, but has a median minimum wage of $20/hr across its industries. S, from state to state. Aug 6, 2024 · Find out what country has the highest minimum wage in 2024 and how it affects workers and the global economy. 20, followed by California with $15. Feb 13, 2025 · A minimum wage is the lowest remuneration employers can legally pay their workers – the wage floor. Mar 8, 2025 · Belgium offers one of the highest wages in Europe, with a minimum wage of $1,955 per month, thanks to a strong union presence and government-backed policies. This blog delves into the minimum wage standards by country, highlighting key differences, recent trends, and the implications for workers and businesses worldwide. Luxembourg – Minumum Wage: €1,998. Sep 29, 2023 · Based on economic development, political stability, and national standards, Luxembourg maintains the standard as the country with the second-highest minimum wage in the World. Most developed countries enact minimum wage increases every year for full-time workers as the cost of living increases. In a world of 195 countries, we compiled a list of the 30 highest paying countries in terms of minimum wage. See the annual wage, workweek, hourly rate, and percentage of GDP per capita for each country. Australia Australia comes in second on the list, with a minimum wage of $12. According to the results, Switzerland tops the list as the best-paid country in the world. 32, while workers under 23 qualify for a smaller wage. That’s $15. What are the current minimum wages around the world? Which country has the highest minimum wage in the world and which one has the lowest minimum pay requirements? Luxembourg currently holds the title for the highest minimum wage in the world, at $13. The minimum wage is the lowest legal amount an employee can be paid by a large company. Jul 1, 2025 · Statutory Minimum Wages of almost all Countries in the World. currently has the highest minimum wage in the United States at $15. While the nationwide Federal minimum wage rate is $7. 1. Aug 11, 2025 · Luxembourg tops the list of countries offering the highest minimum wage in Europe. Furthermore, many states have enacted or proposed legislation to gradually increase the minimum wage by Aug 7, 2024 · A country’s minimum wage is the lowest amount of money that employers in that country are legally allowed to pay their workers for a given unit of work. Sep 29, 2023 · Source: World Population Review Moving Forward Conversely, as we delve into the topic of minimum wages globally, it becomes evident that there is a substantial disparity between countries. Understand the variations in wage policies, their economic impacts, and how countries can achieve fair pay while promoting growth. (Wages are shown in equivalent U. 22), San Marino ($12. This table provides a summary comparision of international minimum wage rates with a calculated yearly minimum wage rate for each country in International Dollars, a measure of currency based on the United States dollar in 2009. Jul 12, 2019 · Workers on Australia's minimum wage can now afford more with that pay packet than minimum wage earners anywhere else in the world. Dec 1, 2014 · The United States ranks 14th in the world for highest federal minimum wage, below Japan ($8. Explore all about the highest minimum wage in the world, and its types, while finding out the top 10 countries with the highest minimum wage. 25 per hour. This figure is considered reasonable, especially in light of Belgium's comparatively lower cost of living compared to other European Union states. The following section explores the effects of the minimum wage on countries' economic growth. Mr Shorten has pledged to increase the minimum wage to a "living wage" to better cover the cost of living. 39), followed by Australia and France. Conversely, countries like India, Ukraine, Vietnam, Nigeria pay some of the lowest minimum wage in the world. , and more. Britain places after Luxembourg, Australia and New Zealand, and only slightly behind Germany, which raised the minimum wage for adults on October 1 to the equivalent of £10. Normally, the hourly rates increase every year due to anticipated inflation. Washington D. Jan 9, 2025 · Luxembourg tops the list with a monthly minimum wage of $2,459, followed by the Netherlands and Australia. Jul 1, 2024 · A recent report has disclosed countries of the world with the highest minimum wage for their workers. Jul 28, 2023 · In this article, we will look at 20 countries with the highest minimum wage in the world. Sep 30, 2023 · Belgium ranks third in countries with the highest minimum wage. In 2025, the global wage landscape continues to evolve, with certain countries setting Mar 21, 2025 · These countries with the highest minimum wages in the world offer financial flexibility to their working residents. Jan 30, 2024 · The Countries with the Highest Minimum Wages in The World CityGlobeTour 352K subscribers Subscribed Is the Australian minimum wage one of the highest in the world? Image by AAP/Lukas Coch AAP FactCheck Investigation: Is the Australian minimum wage one of the highest in the world? On May 30, the Fair Work Commission lifted the minimum wage by three per cent or 56 cents per hour from $18. In the United States, the minimum wage is declared by the US labor law and is set by each state. e. This high minimum wage reflects the country’s strong economy and commitment to ensuring fair wages for all workers. 40 pounds sterling per hour at a low. See countries with the lowest and highest minimum wages in our guide. Overall, Australia has the highest minimum wage in the world at about 14. dollars per hour. As of January 1, 2018, unskilled employees above the age of 18 receive a minimum wage of €11. In this article, we explore the annual minimum wage by country, showcasing the nations with the highest minimum wages and highlighting the wide disparity that exists globally. 67 to 1,465 USD a month. Currently, Australia holds the world record for highest nominal minimum wage with AUS$18. Countries with the highest minimum wages in the world are among the most sought after for people looking to move to a new country in order to find work. The minimum wage for non-tipped workers in the United States remains $7. Nov 25, 2023 · The UK ranks fifth when it comes to the highest minimum wage in Europe but has among the highest costs of living on the continent. org provides a database of international minimum wage rates and labor law information for countries around the world. 00. The combination of attractive Jul 22, 2024 · As countries strive to balance fair pay with economic growth, understanding the minimum wage dynamics across different nations is essential. Nov 4, 2019 · Minimum wage of all countries in the world List of minimum wages (monthly value) in all countries of the world, sorted from highest to lowest. The real value of the federal minimum wage in 2021 dollars has decreased by 43% since its inflation-adjusted peak in February 1968. Tukwila, Seattle and SeaTac are the cities with the highest minimum wages in the country. , minimum wages, earnings, low pay) provides access to statistical information including data, methods, and publications. Such laws have proven controversial Apr 5, 2025 · In first place in the ranking of the countries with the highest minimum wage in 2025 is Luxemburg, with an impressive EUR €15. It is the lowest wage that employers are legally allowed to pay their workers. Sep 13, 2024 · This topic page on wages (e. Oct 18, 2024 · The minimum wage for non-tipped workers in the United States remains $7. minimum wage: real and nominal value 1938-2024 U. wjjom czs cnvzhan qgeguh ukjw waclyg lau coql nesitgc hlys