The UK’s minimum wage will rise by 6.7% to £12.21 an hour from April, Chancellor announced in yesterday’s budget. The minimum for aged 18-20 the wage will also rise to £10 an hour.
A minimum wage is the lowest remuneration that employers can legally pay their employees and has helped raise the pay of the lowest-paid workers and grow economies around the .
But what do workers in other countries get? Here's how we compare...
Luxembourg - £2,152 per month
The tiny nation of 670,00 people is the world's richest country and also has the highest minimum wage, which increased again this year by 3.8%.
And the amount can be even more depending on workers’ age and experience. For adults, unskilled workers get at least 2,570.94 euros per month, while skilled workers earn 3,085.11 euros or more.
Australia - £12.20 per hour
’s minimum wage was increased by 3.75% this year to take into account the rising cost of essential goods and services.
The minimum wage system also includes a 'casual loading' of 25%, which is added to the base wage for casual employees and compensates for the lack of benefits such as paid leave, ensuring fair treatment of casual workers.
Ireland - £10.64 per hour
Ireland’s minimum wage is €12.70 per hour, positioning it as one of the higher minimum wages within the .
The country also has separate, lower minimum wage rate for younger workers under the age of 18, reflecting the focus on integrating youth into the workforce while balancing their skill levels and experience.
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Cuba - £12.84 per month
The lowest minimum wage mandated by law anywhere in the world can be found in Cuba, set at 400 Cuban pesos, or around £13 per month.
However, employees in Cuba must be provided food for free by their employer.
Bangladesh - £80 per month
The world’s second lowest minimum wage is in Bangladesh, where workers get just £80 a month, which is up from £48 a month in 2015. Half of the working population of Bangladesh works within the agricultural sector.
United States - £5.58 per hour
The United States’ federal minimum wage is set at $7.25, or £5.58 per hour, but many states have established higher minimum wages. For example, California’s minimum wage is £11.94 per hour.
The U.S. Department of Labor sets the federal minimum wage, which serves as a baseline; however, state governments have the authority to set higher rates.
Argentina - £177 per month
Argentina has a GDP of £493billion and is one of the largest economies in Latin America with cast natural resources .
However it has also suffered huge problems with rampant inflation and economic instability. Workers on the minimum wage receive just £177 a month.
New Zealand - £11.40 per hour
New Zealand has a special minimum wage rate for starting-out workers and trainees, which is set at 80% of the adult minimum wage. This helps young people and new workers gain experience while still ensuring they receive fair compensation.
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