Which country has the highest minimum wage?

Luxembourg
Luxembourg is a small, landlocked country bordering Belgium, Germany and France. Although it has under 1 million people, it has the highest minimum wage in the world. That figure stood at $13.79 in 2020 but has increased since. Plus, it has higher rates for skilled vs.

Does the Philippines have a minimum wage?

Philippines. The Philippines has daily minimum wage rates that vary from region to region, ranging from PHP316 (US$6.57) to P537 (US$11.17) a day for 2021. The wages are set by tripartite regional wage boards located in every region.

What is the minimum wage in Indonesia?

Indonesia’s yearly minimum wage is $1,027.00 in International Currency.

What country has the lowest minimum wage?

“The absolute lowest federal minimum wage is in Sierra Leone, where workers can expect just $0.03/hour. India is the lowest among larger economies with a $0.28/hour rate.

Which country has the lowest minimum wage?

What is a living wage in Indonesia?

Living Wage Individual in Indonesia averaged 1374925 IDR/Month from 2015 until 2018, reaching an all time high of 1476300 IDR/Month in 2016 and a record low of 1174300 IDR/Month in 2017.

What is the hourly minimum wage in Vietnam?

Minimum wage increase In 2018, minimum wages were increased by 6.5 percent and ranged from VND 2.76 million (US$118) to VND 3.98 million (US$171). In 2019, the new minimum wages will range from VND 2.92 million (US$126) to VND 4.18 million (US$180).

What is the average wage in Cambodia?

In the long-term, the Cambodia Minimum Wages is projected to trend around 190.00 USD/Month in 2021 and 210.00 USD/Month in 2022, according to our econometric models.

Which country has the lowest minimum wage in the world?

Due to rapid inflation, Venezuela has one of the lowest minimum wages in the world.

What is the minimum wage in Laos?

After months of deliberation, the government of Laos (“ GOL ”) officially approved an increase to the country’s minimum wage on 20 April 2018, from LAK900,000 (approximately USD110) to LAK1,100,000 (approximately USD133) per person per month. This increase takes effect from 1 May 2018 to coincide with the International Labour Day.

How much is the minimum wage in Vietnam?

The country sets a different minimum wage level across its four regions. As a result of the new increase, Region I (urban Hanoi and Ho Chi Minh City) registered the highest minimum wage of VND 4,200,000 (US$181) while Region IV was the lowest with VND 3,070,000 (US$132).

What is the minimum wage in Cambodia in 2021?

Cambodia’s Ministry of Labor and Vocational Training (MLVT) issued Prakas No. 33 which stipulated that the country’s 2021 monthly minimum wage was set at US$192 for regular workers, an increase of US$2 from 2020. The new rate has been in effect from January 1, 2021.

How is the minimum wage determined in the Philippines?

The minimum wage was determined through tripartite social discussions between employers’ associations, workers’ organizations, and government representatives. The Philippines has daily minimum wage rates that vary from region to region, ranging from PHP316 (US$6.57) to P537 (US$11.17) a day for 2021.

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