Minimum Wage And Purchasing Power Parity: Only Nine Countries Have A Higher Minimum Wage Than
The US [Infographic]
By Lisa Mahapatra @lisamahapatra on September 03 2013 3:31 PM
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Australia might have the highest hourly minimum wage in the world, but it s also one of the most expensive places in the world to live.
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$16 in Australia doesn t buy as much stuff as it does in the U.S. When you adjust Australia s hourly minimum wage for buying power, or Purchasing Power Parity (PPP), that $16 is
worth only about $9.77 -- which is still quite a bit higher than the U.S. hourly minimum wage of $7.25.
The country with the highest  real minimum wage is Luxembourg: $10.37 after being adjusted for PPP.
Only nine countries had a higher real minimum wage than the U.S. , according to OECD data.
Here s a map that compares the real minimum wages of 26 countries:
Only nine countries had a higher real minimum wage than the U.S. , according to OECD data. IBTimes/Lisa Mahapatra
Here s the same data, presented in a bar chart:
Real Minumum Wages Around The World
Hourly Minimum Wage in US$ Adjusted for PPP
20
15
10
5
0
These visualizations are based on TheAtlantic's compilations of OECD data.
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