Countries With The Highest Minimum Hourly Wages In The World, 2019

Prof. Dr. Amarendra Bhushan Dhiraj, Ph.D., DBAC-Suite IntelligenceJanuary 3, 2019

Interestingly, Australia, Luxembourg, New Zealand, France, and the Netherlands offer the highest minimum hourly wages in the world, according to data from Germany’s Wirtschafts-und Sozialwissenschaftliches Institut (WSI).

Where should workers move to in order to earn the best minimum hourly wage?

The answer is Australia.

The hourly minimum wage in Australia is US$14.14, Luxembourg at US$13.14 per hour, New Zealand at US$11.28 per hour, France at US$11.24 per hour, while the Netherlands offers US$11.01.

The hourly rate in the United States yields the equivalent of US$6.63 of purchasing power, according to the report, almost four times that of Russia’s, which is worth only $1.87 in purchasing power terms.

What is Purchasing power standard (PPS)?

Purchasing power standard (PPS) is an artificial common reference currency unit used in the European Union which eliminates the differences of price levels between countries.

Theoretically, one PPS can buy the same amount of goods and services in each country. The aggregates expressed in PPS are calculated by dividing the aggregates expressed in current prices and in national currency by the Purchasing Power Parities (PPP).

Countries With The Highest Minimum Hourly Wages In The World, 2019:

Rank	Country	Minimum hourly wages (USD)	Purchasing Power Standards (USD)
1	Australia	14.14	10.77
2	Luxembourg	13.14	10.67
3	New Zealand	11.28	8.91
4	France	11.24	10.45
5	Netherlands	11.01	10.01
6	Ireland	10.87	8.75
7	Belgium	10.78	9.91
8	Germany	10.06	9.75
9	United Kingdom	9.74	8.67
10	Canada	9.06	7.86
11	Japan	7.61	7.13
12	United States	7.31	6.63
13	South Korea	6.71	6.62
14	Slovenia	5.51	6.78
15	Spain	5.07	5.57
16	Malta	4.9	6.01
17	Portugal	3.97	4.73
18	Greece	3.86	4.48
19	Estonia	3.38	4.46
20	Poland	3.24	6.01
21	Czech Republic	3.16	4.72
22	Slovakia	3.14	4.64
23	Croatia	3.03	4.56
24	Hungary	2.92	4.89
25	Latvia	2.89	4.11
26	Argentina	2.88	4.73
27	Turkey	2.87	5.89
28	Romania	2.84	5.61
29	Lithuania	2.79	4.41
30	Macedonia	1.83	3.95
31	Serbia	1.8	3.58
32	Bulgaria	1.79	3.73
33	Brazil	1.43	1.91
34	Albania	1.17	2.34
35	Russia	0.94	1.87
36	Ukraine	0.84	3.45
37	Moldova	0.77	1.88

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Prof. Dr. Amarendra Bhushan Dhiraj, Ph.D., DBA

Prof. Dr. Amarendra Bhushan Dhiraj, Ph.D., DBA, is a publishing executive and economist who serves as CEO and Editor-in-Chief of CEOWORLD Magazine, one of the world's most influential and widely read business publications. He also chairs its Advisory Board, shaping the magazine’s editorial vision and global strategy.

Dr. Amarendra earned his Ph.D. in Finance and Banking from the European Global School, Paris, a Doctorate in Chartered Accountancy from the European International University, Paris, and a Doctorate in Business Administration (DBA) from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He also holds an MBA in International Relations and Affairs from the American University of Athens, Alabama.

Equal parts economist, strategist, and publishing visionary, Dr. Amarendra has built CEOWORLD Magazine into a trusted platform where CEOs, executives, and high-net-worth leaders turn for ideas that matter and insights that last.

Prof. Dr. Amarendra Bhushan Dhiraj, Ph.D., DBA, serves on the Executive Council at CEOWORLD Magazine. Follow him on LinkedIn, Facebook, and Twitter for insights, or explore his official website to learn more about his work.

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