Minimum wage policies play a vital role in a nation's economy, potentially lifting millions of low-wage workers out of poverty, improving their standard of living, and contributing to overall economic growth. Across the globe, minimum wage rates vary significantly, shaped by each country's economic situation, labor markets, political ideologies, and cost of living.
Currently, the United States has an hourly federal minimum wage of $7.25, ranking it 12 out of 31 highlighted countries in terms of minimum wage levels. Differences between the countries' minimum wages can be striking, highlighting the diverse economic realities employees experience worldwide.
Key findings from the global minimum wage data include:
As we evaluate the impact of minimum wage changes on the global scale, it's clear that these policies not only influence the livelihoods of workers but also reflect the economic and labor market conditions within each country. This comparison sheds light on the worldwide economy and adds valuable context to discussions about labor rights, wage equity, and economic growth.
The countries boasting the highest minimum wages in the world are Luxembourg, Australia, France, New Zealand, Germany, Netherlands, Belgium, United Kingdom, Ireland, and Canada. Topping the list is Luxembourg, where the legal minimum wage stands at a highly impressive $13.78 per hour. Coming in second is Australia with a minimum wage of $12.14 per hour. Not far behind, France offers an hourly minimum wage of $11.66, securing the third position globally.
New Zealand closely follows with a minimum wage of $11.20 per hour. The fifth highest minimum wage on our list belongs to Germany, offering $10.87 per hour. The Netherlands is next on our list with an hourly minimum wage of $10.44, closely trailed by Belgium at $10.38 per hour. The United Kingdom and Ireland right behind with minimum wages of $10.34 and $9.62 per hour, respectively. Finally, Canada closes our list with an hourly minimum wage of $9.52.
10 Countries with the Highest Minimum Wage (per hour):
To sort the data in the table, click on the column headers.