Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE

How your country's minimum wage stacks up against countries around the world

In the US, a lot of states are hiking the minimum wage above the federal level at the moment ($7.25). 

Advertisement

In the UK, the government is naming and shaming companies that don't pay the minimum wage.

And in Germany, they just got their first one ever

But how do they stack up against each other, and against other countries around the world? The research team at Goldman Sachs just published a map showing how it breaks down.

minimum wage protest walmart $15
A young girl holds up signs during a rally to show support for Walmart workers on Black Friday outside the Walmart store in Lakewood, Colorado November 28, 2014. REUTERS/Rick Wilking

Related story

They've listed the amounts in US dollars, and adjusted for purchasing power parity (PPP) — so if your minimum wage looks low in dollar terms, but you can buy more in your country with the same amount of money, it's adjusted upwards.

Advertisement

Click to zoom in:

minimum wages map
Goldman Sachs

It's higher than the United States' in three places on the map — Canada, the UK and Australia. Germany and Japan's minimum wages are a little lower, but at similar levels.

It's lower in South Korea, Greece and Spain, and in Mexico, the minimum wage is worth just $0.80 (£0.54).

The graph also shows productivity growth in comparison to wage growth between 2009 and 2013. Productivity is measured across the darker blue bars and wages are in the lighter blue. Over the long term, you'd expect the red triangles (real wages) to match up with the dark blue bars. But as the map shows, that's not an immediate effect.

Minimum Wage Goldman Sachs
Advertisement
Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

Jump to

  1. Main content
  2. Search
  3. Account