Minimum wage at home and abroad

chart-minimum-wages-feb-2011

Double click to enlarge

The chart above shows that, compared to prosperous European countries, the United States has a relatively low minimum wage.  We are in the same ballpark as Greece and Spain but much lower than Britain, France or the Low Countries.

Germany, the Scandinavian countries and Italy have no minimum wage laws.   In the case of Germany and Scandinavia, that is probably because the labor unions were so strong that the need for wage legislation wasn’t felt.  Labor leaders sometimes prefer to have workers look to the union rather than to legislation for good wages.

Click on the following links for more.

Minimum Wage in Europe Offers Ammunition in U.S. Debate (New York Times)

Even with minimum wage hike, U.S. would trail other countries (CNN Money)

International Minimum Wage Levels (Economics Blog)

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