The minimum wage around the world, Europe and in Malta

The minimum wage around the world, Europe and in Malta

The Organization for Economic Cooperation and Development (OECD), an international policy group that monitors and analyzes 34 countries, illustrates the after-tax value of the hourly minimum wage, in US dollars, in the OECD countries that have instituted one.

Australia and Luxembourg lead the group with wages over $9 an hour each, and Latvia and Mexico are at the bottom with wages under $2.

The US, where the federal minimum wage is $7.25 per hour, or $6.26 after taxes, ranks 11th.

Broken down by state, however, there is some variation among the 45 states that require a minimum wage, ranging from $9.05 per hour in Washington, DC, to $5.15 an hour in Georgia and Wyoming. The Guardian reported that 21 states raised the minimum wage in 2015, and multiple states have begun the process of raising their minimum wages to $10.10 an hour.

As usual Malta is out of the radar, but we can share with you the most updated data for 2015, in €/h is 4,16 and in USD is 4,72

https://dier.gov.mt/en/Employment-Conditions/Wages/Pages/National-Minimum-Wage.aspx

http://www.businessinsider.com/minimum-wage-around-the-world-2015-5