“The minimum wage of a country is an indication of how well that country respects labor rights of its citizens, and in this article, Insider Monkey provides you with a list of 11 countries with the highest minimum wage in the world in 2017. Minimum wage is the lowest possible rate employers can pay employees. The legal provisions concerning minimum wage exist in most of the countries nowadays. The first laws with regards to minimum wage were implemented in the 1980s, in Australia and New Zealand. Minimum wage is a subject of an ongoing debate. There are different opinions as to the positive and negative aspects of the minimum wage.”
I have always been a proponent of the idea of minimum wage. It helps raise the standard of living of the poverty stricken populations and as such, helps in reducing the great disparity between the rich and the poor. If there is something I truly dislike about neoliberal capitalism, it is precisely this disparity. Sometimes it seems that there is no middle ground. You are either too rich or too poor. The data shows that Australia had the highest minimum wage in 2016. It was $ 17.70 per hour. So generous! On the other hand, Sierra Leone had the lowest minimum wage the same year, which was only $ 0.03 per hour. Talk about disparity. Luxembourg was the European country offering the highest minimum wage. The article on 11 countries with the highest minimum wage in the world in 2017 ranks the countries based on the most recent data on the highest minimum wages offered to workers. It uses the data provided by the Organization for Economic Co-operation and Development, Eurostat and the data provided by the official government institutions of the countries on the list. One look at the list offers you not only an overview of the minimum wages around the world, but also reveals which countries show most respect toward their labor force. One click away from satisfying your curiosity.