Top 20 Highest Minimum Wage in the World

General Info, Salary Structure
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This shows a comprehensive list of the highest minimum wage in the world. A minimum wage is the least expected pay that a worker is due to receive or is expected to receive. Due to the exploitative nature of some jobs, the wages received by the worker must commiserate with the work done, hence the emergence of the minimum wage concept.

The minimum wage has a regulatory body in almost all countries of the world. These bodies check the level of compliance by the heads of government and call for action when necessary. Minimum wage can be paid on an hourly, daily, weekly and monthly basis. This depends on the countries pattern of payment. However, this article brings to your perusal a list of the top 20 highest minimum wages in the world, indicating their actual minimum wage in an hour, annual earning of workers as well as the current population of each of the countries.

These countries have rules ensuring their workers receive the highest minimum wages in the world, according to a report by the Organization for Economic Co-operation and Development.

Also Read: List of Minimum Wage in African Countries, All countries A-Z

Here is the Top 20 Highest Minimum Wage in the World

S/N Country Hourly Minimum Wage  Worker’s Annual Earnings Current Population
1. Luxembourg $13.78 $28,603.91 625,978
2. Australia $12.14 $23,975.61 25,499,884
3. France $11.66 $20,903.33 65,273,511
4. New Zealand $11.2 $20,932.45 4,822,233
5. Germany $10.87 $22,097.86 83,783,942
6. Netherlands $10.44 $23,520.56 17,134,872
7. Belgium $10.38 $22,133.37 11,589,623
8. United Kingdom $10.34 $20,053.09 67,886,011
9. Ireland $9.62 $23,447.04 4,937,786
10. Canada $9.52 $20,643.41 37,742,154
11. Israel $7.94 $17,713.12 8,655,535
12. United States $7.25 $15,080 331,002,651
13. South Korea $6.84 $19,880.75 51,269,185
14. Turkey $6.05 $12,616.02 84,339,067
15. Spain $5.83 $14,289.76 46,754,778
16. Portugal $5.76 $9,584.72 10,196,709
17. Slovenia $5.72 $15,269.87 2,078,938
18. Czech Republic $5.17 $10,342.44 10,708,981
19. Greece $4.98 $12,128 10,423,054
20. Lithuania $4.78 $9,365.14 2,722,289

Also Read: Highest minimum wage in Africa

Antagonists of good minimum wage believe that it increases poverty, increases unemployment because low-wage workers will be unable to find work, and damages businesses because the wage requirements will cause businesses to raise prices of their product and service to accommodate the cost of labor.

Enthusiasts of the good minimum wage have deviant views about it, claiming that it increases the standard of living for workers and reduces poverty, as well as reduces inequality and boosts employee morale.

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