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Former_Star1081 t1_jahzbf9 wrote

Switzerland has about 22$/h minimum wage. Which sadly is missing because it would show a big gap between 1st and 2nd.

−6

finndego t1_jai1r7g wrote

The current minimum wage in New Zealand is $NZD22.70. That converts to $USD14.18 at the current exchange rate.

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AverageAustralian111 t1_jaif2lc wrote

Replying to stratodrew (#2,138,857)

Sure,

In some countries, prices are higher than in others. For example, a loaf of bread in Australia might cost around $3, but in China, around 2 Yuan (which exchanges to about 50c. So (measuring it only by bread prices) $1 in China is worth 6 times as much as $1 in Australia.

If you do this for all products and weight it by the amount of each product that normal people buy, you can find the cost of living in a country. Real wages are wages/cost of living

So in the example above, NZ has a minimum wage of $US14.18, but because things are slightly more expensive in NZ than in the US, that amount of money can buy the same amount of stuff in NZ that $US11.90 could buy in the US.

When you adjust for PPP, you take this into account. If you ever see "real" vs "nominal" figures, real means adjusted for PPP, and nominal means not adjusted

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snash222 t1_jaim4nx wrote

It would be interesting to see this adjusted for the tax rate (VAT, Sales Tax, Income Tax) for those on minimum wage.

0

[deleted] t1_jaiscxg wrote

States and Cities have their own minimum wage laws in the US. The federal government has in effect left it up to local governments to decide what the appropriate policy is. For example in Illinois minimum wage is $13 and will be $15 by 2025. In Chicago it’s $15.40

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AftyOfTheUK t1_jajaoov wrote

The minimum wage in California - in the US - is $15.50 per hour.

This puts it at the top of this chart. Using the US as a single, averaged value hides a huge amount of information and context.

−7

Kawawete t1_jajlyh0 wrote

Damn I thought it was a tech benchmark result sheet without looking at the title

1

Neowynd101262 t1_jajqulb wrote

I make 4x federal minimum and still make less than the city's average.

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broken_sword001 t1_jajviet wrote

You can't hire anyone to do anything is the USA for less than $15/hr. The minimum wage here must be the government law which the free market has doubled already.

4

AftyOfTheUK t1_jal1u8g wrote

Replying to VeryWiseOldMan (#2,140,683)

>Hi, things in california are very expensive compared to the US average. Goodbye

Yes, I live in California.

That doesn't take anything away from the fact that representing the US as one data point, while splitting out the European Union into many is somewhat disingenuous.

−1

EspHack t1_jalc9c9 wrote

the only "real" minimum wage is 0

−2

PYROMANCYAPPRECIATOR t1_jalo2oo wrote

You should post this in r/Australia, a lot of people would have a mental breakdown over this data.

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menotokay t1_jalraje wrote

Im not sure if i understand it correctly, but minimum wage in lithuania is around 5,2 eur/h before taxes and 3,9 eur/h after taxes

1

ars13690 t1_jaltp0i wrote

Replying to broken_sword001 (#2,141,038)

While i get what you're getting at that is not true everywhere in America, in Nevada for example security jobs commonly pay 12-13 dollars an hour, is this higher than the state minimum wage of 10.50 and considered very low, yes, however there are still plenty of people working for those wages trying to support families.

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Maguncia t1_jan32ge wrote

Replying to goodluckonyourexams (#2,145,228)

That's purchasing power, not PPP ("purchasing power parity") i.e. the cost of living adjustment used to convert income into purchasing power. Regardless, the initial statement is true - the reason that Switzerland's minimum wage would theoretically be lower is that it has a high cost of living, and thus its purchasing power is lower than its income.

0

CamperStacker t1_janqwc9 wrote

In australia the minimum wage is a anchor point with wages set to an offset from it, meaning that the minimum for most jobs is way higher than that. Almost all jobs have a legal minimum “award” rate which is a set offset above minimum wage.

2

AftyOfTheUK t1_jaosw75 wrote

Replying to sKY--alex (#2,147,474)

>The EU isn’t a country.

Having lived in the EU and the US, they are more alike than you might think.

Comparing the US as a whole to individual EU states is a joke. Comparing EU states to US states makes far more sense when you consider demographics.

It does, though, make it much harder to use statistics to mislead people, which is why people like to compare the way they do.

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sKY--alex t1_jaoxf0m wrote

Replying to AftyOfTheUK (#2,147,999)

But the EU obviously isn’t nearly as intertwined as the US, and even if it would form a country tomorrow it would take decades or maybe even centuries to close the big cap between the rich and poor countries. The idea of one big european country is so young, that it simply doesn’t make sense to group the countries all together into one stat and say “thats how it is over there“, when the stat is far from reality on both ends of the spectrum. But the US has been a country for centuries, the regional differences aren’t as big and in the end does have a federal minimum wage, which is what this is about. But I do know what you mean, and I think a further unified europe is probably the only way to stay relevant in the future.

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AftyOfTheUK t1_jap8mrg wrote

Replying to sKY--alex (#2,148,175)

>But the EU obviously isn’t nearly as intertwined as the US

It is nearly as intertwined as the US and, since the addition of more recent states, has a similar level of income inequality across constituent states.

The US is FAR more like the US than it is unlike it.

>it would take decades or maybe even centuries to close the big cap between the rich and poor countries.

... a lot like the gaps between US states, today?

>The idea of one big european country is so young, that it simply doesn’t make sense to group the countries all together into one stat

Just like it doesn't make sense to group the US states together into one stat. The differences are of similar magnitudes.

In fact, the US states rights means that there are generally far MORE differences between US states than there are between EU countries. Take abortion as one example. There are many more.

>But the US has been a country for centuries, the regional differences aren’t as big

Disagree, the regional differences are VERY similar since the introduction of Eastern European states.

Before that, the US was actually MORE disparate and had more differences than Europe!

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sKY--alex t1_japgfds wrote

Replying to AftyOfTheUK (#2,148,631)

You can’t be serious, that you think that the US has more differences than a whole continent made out of twice as many people living in 50 countries all with their own cultures and traditions. I don’t even know why all people from the US really want to believe that their state is sooo different from the others, I visited and lived in many different places in the US, and it’s all more or less the same, the difference are minimal against differences between whole countries.

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AftyOfTheUK t1_jaq6e7g wrote

Replying to sKY--alex (#2,148,935)

>You can’t be serious, that you think that the US has more differences than a whole continent made out of twice as many people living in 50 countries

You keep saying "countries" like it matters, like it's different to a "state" in any way other than legal. In the US states have their own laws, and are part of the federal US which has overbearing laws. In the EU, countries have their own laws and are part of the federal EU, which has overbearing laws.

Take this as an example - the Scandinavian countries are Denmark, Finland and Sweden. The West Coast states are California, Seattle and Oregon.

I'll tell you now that there is MASSIVELY more cultural diversity in those three US states than there is in the Scandinavian countries.

The differences between California and Mississipi, for example, are very large, just like the differences between France and Bulgaria.

You seem to be assuming that Europe has far more differences than the US, but you don't seem to state why. They all (well, most) have different languages, sure - but CULTURALLY they are very close together. And from a legal point of view and from a tax point of view, there is a LOT of congruence in Europe that does not exist in the US.

>I don’t even know why all people from the US really want to believe that their state is sooo different from the others

California -> Mississipi is truly, unbelievable different. California is about as good as it gets in the modern world, Mississipi is pretty much third world.

>the US, and it’s all more or less the same, the difference are minimal against differences between whole countries.

I'm sorry, I just can't agree with this. I've lived in the UK, the US, France and spent time working in Eastern Europe. Financially, culturally, legally there is a lot of uniformity across the EU.

I wouldn't want to say which (EU or US) has more disparity - but once you ignore language, those differences are very comparable.

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