As of the latest available information, Luxembourg holds the distinction of having the highest minimum wage globally.
Luxembourg: Topping the Minimum Wage Charts
According to data from August 2024, the Grand Duchy of Luxembourg leads the world in minimum wage rates.
Specifically, the minimum hourly wage for unskilled workers in Luxembourg is €14.86. This amount is approximately equivalent to USD 16.00 based on the exchange rate around that time.
This figure reflects Luxembourg's strong economy and high cost of living compared to many other countries. A high minimum wage aims to ensure a basic standard of living for all workers.
Key Details
Here's a summary of the information regarding Luxembourg's minimum wage:
- Country: Luxembourg
- Minimum Hourly Wage: €14.86 (for unskilled workers)
- Approximate USD Equivalent: ~$16.00 per hour
- Data Reference Date: August 2024
This positions Luxembourg significantly higher than most other nations in terms of the minimum compensation legally required for employment.
| Country | Minimum Hourly Wage (Unskilled) | Approximate USD Rate | Date |
|---|---|---|---|
| Luxembourg | €14.86 | ~$16.00 | August 2024 |
Understanding these figures provides insight into the economic policies and living standards in different countries.
