Revealed: 10 Countries with the Best Minimum Wages
9. San Marino–$15,707 per year
San Marino is a country which has the lowest unemployment rate among the European nations. It is also a nation that is blessed with a state budget surplus and has no national debt. Thus, naturally the working population in the nation are well looked after, both in terms of pay packages and additional benefits.
An average worker in this part of the globe draw home a minimum wage of around €7.04 per hour, which is well above the global average.
8. New Zealand–$16,462 per year
New Zealand, best known for its free-market reforms and revered as one of the most business friendly destination in the world, is not far behind when it comes to wages to its workers. As per the law that was passed in April 2012, workers who are 16 to 17 years old are entitled for a minimum pay of NZ$10.80 per hour in the kiwi land. The amount further increases to NZ$13.50 per hour once the worker reaches 18 years of age. Those who are under 16 are considered minors and are not allowed to work.
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