How much is human labor: 27 minimum wages in different countries

A person is inclined to think that somewhere someone necessarily lives better than him and, as a rule, he comes to such conclusions when assessing the level of material security and incomes of residents of another country. To satisfy our curiosity, we want to get acquainted with the amounts of minimum wages in 27 different countries of the world. But first, in fairness, it should be noted that it is impossible to compare and evaluate their well-being on the basis of this information, because in order to understand how well-off the citizens of these states live, it is also necessary to take into account the price level, taxes and several other factors.

Watch the video: Labor Markets and Minimum Wage: Crash Course Economics #28 (April 2024).