In which country is it the highest?

The highest minimum wage ranking on the planet holds some surprises.

As an arithmetic result of inflation, the minimum wage, which is currently €1,353.07 per month, will be €1,383.08 as of May 1, 2023 in France. This amount does not allow France to appear in the top ten most generous countries in the world, according to the figures quoted by her. visionary capitalist. To determine this ranking, the study compared the after-tax net minimum wage of a full-time employee in January 2023. With an estimated minimum wage of around €2,000 after tax, Luxembourg tops the ranking, ahead of 66 other states examined. It was reassessed on April 1, until it reached the symbolic limit of €3,000 for eligible employees. A boon for the inhabitants of the French frontier. Australia and the Netherlands complete the list of countries with the highest minimum wage in the world. Then follow New Zealand, Ireland and … the UK.

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To compensate for inflation, the British government decided to sharply increase the minimum wage. This has increased by more than a third in five years and has surpassed the French level in 2022. Even more surprising, the United States ranks eighth, right after Germany. In the land of Uncle Sam, the minimum wage is set by each state. Depending on whether you live in Dallas or Seattle, the amount varies from simple to double: $7.25 an hour in Texas (the federal minimum) and up to $15.74 in Washington state. Are you surprised not to see Austria, Denmark, Finland or even Italy? This is normal, currently there is no statutory minimum wage in these countries.

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Switzerland is absent, but first

Dropping out of the top ten for $100, France is twelfth in this ranking where there is a notable absentee: Switzerland. There is no minimum wage among our Swiss neighbours. In the canton of Geneva, it is the minimum wage 4400 euros per month Since January 1, 2023. Convenient rewards but must be balanced with a higher cost of living than anywhere else.

Among the largest increases in the minimum wage in a single year, Visual Capitalist notes that Argentina saw a jump in the minimum wage by 100% compared to January 2022. “The second largest economy in South America is suffering from very high inflation. In response, it announced The country reported three minimum wage increases throughout 2022, the study said.With a minimum wage of just over €60 per month, Nigeria ranks last in the ranking among the 67 countries analyzed.