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The following list provides information relating to the minimum wages gross of countries in europe.
Legalize weed victoria. However the truth is most developed countries with no legal minimum wage still have minimum wages set by industry through collective bargaining contracts. 1683 2017 albania. Denmark is another scandinavian country with no minimum wage.
This page provides values for minimum wages reported in several countries. The majority of their working. Ilo estimate statistics can be broken down by countries level of gross domestic product gdp per capita.
The canadian government sets minimum wage in the country at 950 which is fairly higher when compared over its neighbor usa which is the largest economy of the world. The minimum wage for permanent government workers was 6000 afghanis 74 per month. Proportion of countries with a minimum wage by region 2014 or latest available source.
Finland also has no national minimum wage. The law establishes a 40 hour. There was no minimum wage for permanent workers in the private sector.
Further those six countries are pretty much the only advanced industrial nations which dont have a national minimum wage. 26000 albanian leke 240 per month in private sector and 37000 leke 332 per month in public sector. This page displays a table with actual values consensus figures forecasts statistics and historical data charts for minimum wages.
The calculations are based on the assumption of a 40 hour working week and a 52 week year with the exceptions of france 35 hours san marino 375 hours belgium 38 hours united kingdom 381 hours ireland 39 hours monaco 39 hours and germany 391 hours. Additionally its the 3rd happiest country in the world. Canada has ousted many countries to gain its rank at no 10 in the list of top 10 countries with highest minimum wages in the world.
The table has current values for minimum wages previous releases historical highs and record lows release frequency reported unit and currency plus links to historical data charts. Most economists consider the minimum wage a harmful decision that affects both employers and workers which we tend to agree with. At nomad capitalist we believe in a free job market based on supply and demand and some countries do fit that bill.
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