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Saturday, April 6, 2013

More data on the US standard of living vs. the rest of the world


We Americans have been pretty well trained, thought to believe "We're number one!" in all things, I think it's safe to say. Of course, what we're finding out is that it's not really true, especially when you consider things like our mortality rates, the cost of our health care, etc.

Another place where, we find, we really aren't "number one!" is in pay.

Did you know there are plenty of other countries where the minimum wage is higher--in some cases, far higher--than ours?  Check it out (click on picture for easy reading):

minimum wage

Data:

Among OECD nations, every single country that pays a higher minimum wage than the U.S. pays upwards of $9.00 U.S. dollars per hour.

Australia, the nation with the best minimum compensation on the list, has a minimum wage equivalent to $15.75 in U.S. dollars.

Japan, which is the lowest paying country to beat the U.S. pays U.S. $9.16 per hour.

All told, the U.S. falls toward the bottom of the pack near Greece, Spain and Israel.

Nice, huh?

Makes a guy proud.

Read more: http://www.businessinsider.com/the-united-states-is-very-different-from-its-neighbors-when-it-come-to-minimum-wage-2013-2#ixzz2PiANuHwm

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