Most countries have a national minimum wage in some form: in some it is regulated on a monthly basis, but in others a daily or hourly basis. In our survey of 41 countries, a minority do not have a national minimum wage but in most of the countries surveyed in which that was the case, collective bargaining agreements intervened to compensate.
For comparative purposes, we show a representative figure for the national minimum wage in a chart. This illustrates just how different the rates across the globe are - and also the complexity of making a meaningful comparison, as the way in which the wage is alculated differs widely in different places. Some have wages for different industries, some for different types of work, some for different regions. But the concept of a minimum wage in itself is widely accepted and legislated for across the globe.
Emanuela Nespoli, Partner, Toffoletto De Luca Tamajo e Soci (Italy)
Tiffany Downs, Partner, FordHarrison (USA)
The National Minimum Wage