In the EU, minimum wage protection in Denmark, Italy, Cyprus, Austria, Finland and Sweden is provided exclusively by collective agreements, and the remaining 21 countries have statutory minimum wages set by governments. National minimum wages expressed in euro, applicable on 1 July 2018, were divided by the median gross earnings measured from the Structure of Earning Survey (SES 2018). Minimum wages that are appropriately negotiated with social partners, … This includes sub-minimal rates. Minimum wages in the EU Member States ranged from €332 per month in Bulgaria to €2 202 per month in Luxembourg. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Minimum Wages. National minimum wages are published by Eurostat bi-annually. minimum wages might be inst ructive for further init iatives at EU level. Minimum Wage: $10.27 Per Hour Sitting comfortably on the number 10 spot of our list of Countries With The Highest Minimum Wage In The World is the United Kingdom. 2. Minimum Wage? European countries on the gross minimum wage before tax & social charges: Countries … A hypothetical European Minimum Wage (MW) set at 60 percent of each country’s median wage would reduce in-work poverty but have limited effects on overall poverty, as many poor households do not earn a wage near MW and higher unemployment, higher prices, and a loss of social insurance benefits may erode direct benefits. Estonia. The United States fall within group 2 (EUR 1 024 per month). By linking microdata from the Structure of earnings Survey (SES2018) with the level of minimum wages in force at the time (reference date: 1 July 2018), it is possible to derive an estimate of these proportions (as presented in Figure 4). Australia and Thailand follow an hourly minimum wage rate of $12.24 and $9.10, respectively. Clear. In 2019, the statutory minimum wage met the 60% standard in only four EU Member States: Bulgaria, Slovenia, France and Portugal. The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. The national minimum wage we have now doesn’t really cover even the basic expenses for an individual like food and shelter. In 2020, the legal minimum wage was 573€ – not even half of the calculated living wage. Including part-time workers had the largest impact on the minimum wage to median earnings ratios of: the Netherlands (+6 %), Germany (+5 %) and Greece (+4 %). In six Member States: Czechia, Croatia and Latvia (all 49 %), Spain ( 44 %), Malta (43 %) and Estonia (42 %) the minimum wages were less than half of the median earnings. figure). It is only € 2 difference with Ireland and Belgium. For the other 18 EU Member states that have a national monthly minimum wage and for which data are available, the ratio was calculated as a proportion of the median monthly earnings. Czech Republic. Luxembourg has the highest minimum wage in the world of $13.78 per hour. List of European countries by minimum wage. aged under 19. aged 19 or over and in the first year of their apprenticeship. In Cyprus, minimum wages are set by the government for specific occupations. The gross monthly earnings of part-time employees have been converted into full-time units before being included in the average with the same weight as full time employees. endstream endobj startxref Ensuring that all workers in the EU earn a decent living is essential for the recovery as well as for building fair and resilient economies, and minimum wages have an important role to play.Minimum wages are relevant both in countries relying solely on collectively agreed wage floors and in those with a statutory minimum wage. Norway: The minimum wage is to protect workers in small countries. Countries not covered by minimum wage statistics. When part-time workers are included in the calculation, their earnings are first converted into full-time equivalents. Indeed, raising the minimum wage can and should be one basis for a mutually beneficial alliance between wage workers and small businesses. Minimum wages, January 2011 and January 2021 (EUR per … {��]�B��wS �T�Y�?��k���TF�0���L���=�$3&df��� -Ik!RC�D&2vfI��!�Ҭ�ZI�����ŝ�a���v��2�;ջw��٥+��>U�������c�`u�0b���c. 763 0 obj <>/Filter/FlateDecode/ID[<4CB5C800CF4FB64299A4147FE22D323B>]/Index[742 32]/Info 741 0 R/Length 100/Prev 1553182/Root 743 0 R/Size 774/Type/XRef/W[1 3 1]>>stream Based on the level of their national gross monthly minimum wages expressed in euro, on 1 January 2021, the EU Member States concerned may be classified into three different groups; (see Figure 1, non-EU countries are shown separately). The European non-solution Monthly minimum wage Monthly minimum wage Hourly rate Hourly rate Exchange rate to EUR Effective at Kosovo: 160 : €170.00: €0.98 : 1.20 : 1 : 17 August 2011 TRNC: 450 : €517: €2.3 : 2.77 : 8.50 : 5 February 2021 Figure 2 compares gross minimum wages applicable on 1 January 2021, after adjusting them to price differences across countries. To protect workers against inflation, Turkey is raising its minimum wage in 2021. For the sake of comparability, the scope has been restricted to full timers + part-timers (converted into full time units), aged 21 years and over, working in enterprises with 10 employees and more, excluding public administration, defense and compulsory social security (NACE Rev. On 1 January 2021, 21 out of the 27 EU Member States had a national minimum wage. Monthly minimum wages vary widely across the Member States, from EUR 332 in Bulgaria to EUR 2 202 in Luxembourg (see Figure 1). Data on national minimum wages are submitted to Eurostat in national currency terms.

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