Executive Education

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

RankCountryMinimum hourly wages (USD)Purchasing Power Standards (USD)
1Australia14.1410.77
2Luxembourg13.1410.67
3New Zealand11.288.91
4France11.2410.45
5Netherlands11.0110.01
6Ireland10.878.75
7Belgium10.789.91
8Germany10.069.75
9United Kingdom9.748.67
10Canada9.067.86
11Japan7.617.13
12United States7.316.63
13South Korea6.716.62
14Slovenia5.516.78
15Spain5.075.57
16Malta4.96.01
17Portugal3.974.73
18Greece3.864.48
19Estonia3.384.46
20Poland3.246.01
21Czech Republic3.164.72
22Slovakia3.144.64
23Croatia3.034.56
24Hungary2.924.89
25Latvia2.894.11
26Argentina2.884.73
27Turkey2.875.89
28Romania2.845.61
29Lithuania2.794.41
30Macedonia1.833.95
31Serbia1.83.58
32Bulgaria1.793.73
33Brazil1.431.91
34Albania1.172.34
35Russia0.941.87
36Ukraine0.843.45
37Moldova0.771.88

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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is chief executive and editorial director of The CEOWORLD magazine, overseeing the organization’s news and features departments.

Under Dr. Amarendra's leadership, The CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day.

Dr. Amarendra holds a Ph.D. in Finance and Banking from the European Global School in France; a Doctoral Degree in Chartered Accountancy from the European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine.

He earned his Master of Business Administration degree in Finance and his Master's Degree In Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. Prof. Dr. Amarendra Bhushan Dhiraj is a macro-economist and visiting professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

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