There are a lot of people who dream of working in the countries with highest minimum wage because they can be sure that they will get the amount of money that they need in order to survive every day. There are a lot of people who are currently happy with where they are living but will they still be happy if they would learn that other countries are able to provide better? Some of these countries with the highest standard of living could be closely linked as well.
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There are different ways by which countries can give their wages to their employees. Some companies just give it in monetary form but there are also some who give it through benefits and other extra things that people will not get otherwise. There are also some countries that surprisingly do not have a minimum wage. There may be some people who may be fonder of this because of their own reasons.
There are some countries who feel that having a minimum wage will allow companies to pay their employees illegally because they are getting money that they are not supposed to get. Maybe for people who are just curious to know more about countries with highest minimum wage, this list can be helpful.
7. Canada – $16,710 a year
There are a lot of people from other countries who dream of going to Canada because of the many health benefits that it boasts but its minimum wage is still one of the things that can make it great. It seems that a lot of workers there get paid about $9 per hour which is a lot more than what other people earn in other countries.
6. Luxembourg – $19, 426 a year
Even though the economy of Luxembourg is very clean cut and formal, it is one of those countries that are well known to take into consideration various things that will contribute to the minimum wage that people can get. It seems that the more skilled workers are, the higher their minimum wage is going to be. With that said, it is still one of the countries with highest minimum wage in the world.
5. Netherlands – $23,029 a year
It was only in the year 2012 when the new minimum wage took its affect but this has improved the standard way of living of people quite a bit. The minimum wages that employees may get highly depend on their age and their current level of accomplishments. This can make a lot of people aim more to become better in order to get higher minimum wages.
4. San Marino – $24,347 a year
There are some people who are not aware where San Marino is until they search for it and find it as a microstate located near Italy. People become even more interested in learning more about San Marino once they find out that people who are living here can actually get quite a good minimum wage amount especially for a starting job. People would only need to work about 38 hours a week in order to get the amount that they will not find elsewhere.
3. New Zealand – $24,809 a year
There are a lot of people who plan on migrating to New Zealand because it would be quite normal to get around $24,000 a year just by working 40 hours a week which is what a lot of people do in other countries without the high amounts that they get in the process. New Zealand is also a beautiful country which is a plus for people who would like a change of environment.
2. Monaco – $26,016 a year
It seems that the country of Monaco is known to be highly stable because even though the amount of $26,016 a year may already be big money for some people, less than 20% of the total population of Monaco would have to live with that amount alone. A lot more people in Monaco are able to earn more than that.
1. Australia – $34, 358 a year
There are a lot of people who just aim to travel and live in Australia because of the very high minimum wage. A lot of people get just enough to pay for their current bills and the things that they need. People would only need to work about 38 hours a week in order to get that amount of money in a year. It may not be much compared to what executives earn but for people who are living simple lifestyles, this is more than enough.
Do remember that there are always different things considered when it comes to the countries with highest minimum wage. Learning a lot about this can be beneficial in the long run.
