Chart of Real Minimum Wages in the World

[Marc]

Click on image to view - thanks to ZeroHedge.com

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. $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.

[flyernzl]

Mmmm - there are lot of countries with high living standards that are not on that image, eg Germany, Finland, Sweden. . . .

I suspect a bit of selective analysis going on there.

[donna]

geez Mexico is .80c Interesting stuff - of course it doesn't take into account the environment in which we're all living in. I think you'd be better off on the min wage in Aussie than on the min wage in USA for example.

cheers,

Donna