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Minimum wage around the world.

This map displays values for one month of minimum wage in 67 countries converted to U.S. dollars as of 2023.

Created by Marcus Lu & Sam Parker for Visual Capitalist. Details at https://www.visualcapitalist.com/minimum-wage-around-the-world/ #economy #data
in reply to Sheril Kirshenbaum

Ok, this comparison is net of taxes (presumably that's only income taxes, not sales or property taxes), but unless it also takes account of healthcare costs (and maybe housing costs and other social benefits too), it's fairly meaningless to simply compare incomes across countries that are so different in how low incomes get spent.
in reply to Sheril Kirshenbaum

How about as a multiple/fraction of typical cost of living or poverty threshold?
in reply to Sheril Kirshenbaum

Apparently these aren't adjusted for the cost of living in the different countries?
aka Purchasing power parity (PPP)
in reply to Sheril Kirshenbaum

I wonder if it might be even more revealing if it were shown as a ratio to a standardized cost of living, per country?
in reply to Sheril Kirshenbaum

edit: sorry ignore me, this was not directed at you, i read the article and see they’re smoothing out a little bit to account for some state minimums…
still weird
in reply to Sheril Kirshenbaum

@kudra The article says “Generally speaking, developed countries have a higher cost of living, and thus require a higher minimum wage”.

That’s very true. So why doesn’t it take that into account?

For instance, it shows that US min wage is 4.5 times that in Mexico. But cost of living in the US is 2-3x higher on basic goods and housing. And even simple health care like a dental cleaning is 4x higher in the US. So while minimum wage is still better in the US, the difference is not nearly as large as this implies.
in reply to Sheril Kirshenbaum

how peculiar that Denmark is not included... With a minimum wage of 2865 USD

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