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> Economy

Greece has one of the lowest minimum wages in the world, WEF report says

Australia has the highest rate in the world

Newsroom January 2 08:30

Greece has among the lowest minimum wages in the world, according to data from the Wirtschafts-und Sozialwissenschaftliches Institut (WSI) cited by the World Economic Forum in its report entitled “These countries have the highest minimum wages “.

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Australia has the highest minimum wages globally, according to the same data with an hourly rate yielding the equivalent of 9.47 euros (US$10.78) of purchasing power, according to the report, almost six times that of Russia’s, which is worth only 1.64 euros ($1.87) in purchasing power terms. European nations made up the rest of the top five; while Brazil and Argentina joined Greece as the nations among the lowest earners.
Greece has an hourly rate of 4 Euros, with Brazil paying less the 2 Euros per hour and Argentina slightly above the 4-Euro mark at 4.1, while Russia (1,64 Euros) makes up the bottom four with the lowest minimum wages.

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