Real minimum wages around the world
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  Real minimum wages around the world
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Author Topic: Real minimum wages around the world  (Read 1627 times)
LastVoter
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« on: September 04, 2013, 07:40:25 PM »

To settle the Australia debate we had

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DC Al Fine
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« Reply #1 on: September 04, 2013, 08:46:40 PM »

Do Sweden & Germany not have minimum wages or were they just ommitted?

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bullmoose88
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« Reply #2 on: September 04, 2013, 09:15:26 PM »

Clearly it would seem to be a bad idea to follow in the footsteps of Greece and Spain, right?

Wink
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Kitteh
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« Reply #3 on: September 04, 2013, 11:28:27 PM »

Do Sweden & Germany not have minimum wages or were they just ommitted?

Nope, no legal minimum wage there. The Scandinavian social/economic model in general is built more on empowering workers to negotiate better working conditions than enacting better conditions by law. A high minimum wage becomes less important when you have a 71% unionization rate.
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opebo
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« Reply #4 on: September 05, 2013, 05:18:18 AM »

Its like a law requiring how much corn-pone and what manner of shack one must provide for one's slaves!
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DC Al Fine
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« Reply #5 on: September 05, 2013, 05:26:10 AM »

Do Sweden & Germany not have minimum wages or were they just ommitted?

Nope, no legal minimum wage there. The Scandinavian social/economic model in general is built more on empowering workers to negotiate better working conditions than enacting better conditions by law. A high minimum wage becomes less important when you have a 71% unionization rate.

So what's the effective minimum wage there?

In the same thread, the effective minimum wage in Australia appears to be slightly higher than the prevailing minimum wage.
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Gustaf
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« Reply #6 on: September 05, 2013, 06:05:31 AM »

Do Sweden & Germany not have minimum wages or were they just ommitted?

Nope, no legal minimum wage there. The Scandinavian social/economic model in general is built more on empowering workers to negotiate better working conditions than enacting better conditions by law. A high minimum wage becomes less important when you have a 71% unionization rate.

So what's the effective minimum wage there?

In the same thread, the effective minimum wage in Australia appears to be slightly higher than the prevailing minimum wage.

It depends on the sector. Scanning the web quickly it seems as if national minimum wages for union members in Sweden are about 18 000 SEK/month. That equals about 2 700 USD/month.

That comes out to about $15/hour. Sweden is more expensive than the US though so in PPP terms it'd probably be lower.
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DC Al Fine
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« Reply #7 on: September 05, 2013, 07:08:18 AM »

Do Sweden & Germany not have minimum wages or were they just ommitted?

Nope, no legal minimum wage there. The Scandinavian social/economic model in general is built more on empowering workers to negotiate better working conditions than enacting better conditions by law. A high minimum wage becomes less important when you have a 71% unionization rate.

So what's the effective minimum wage there?

In the same thread, the effective minimum wage in Australia appears to be slightly higher than the prevailing minimum wage.

It depends on the sector. Scanning the web quickly it seems as if national minimum wages for union members in Sweden are about 18 000 SEK/month. That equals about 2 700 USD/month.

That comes out to about $15/hour. Sweden is more expensive than the US though so in PPP terms it'd probably be lower.

Using wiki's numbers, you can multiply Swedish nominal numbers by about 0.72 to make them PPP, which works out to about $10.80/hr.
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opebo
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« Reply #8 on: September 05, 2013, 07:50:25 AM »

PPP tends to be very dubious.
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Lief 🗽
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« Reply #9 on: September 05, 2013, 12:31:09 PM »

Does PPP take into account that in these non-American countries people need not spend so extravagantly on medical costs/insurance, higher education, and retirement?
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DC Al Fine
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« Reply #10 on: September 05, 2013, 02:06:20 PM »

Does PPP take into account that in these non-American countries people need not spend so extravagantly on medical costs/insurance, higher education, and retirement?

To the same effect, how do different tax rates factor into this?

Also, Lief, how do Americans spend extravagantly on retirement?
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Starbucks Union Thug HokeyPuck
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« Reply #11 on: September 05, 2013, 06:45:09 PM »

Does PPP take into account that in these non-American countries people need not spend so extravagantly on medical costs/insurance, higher education, and retirement?

To the same effect, how do different tax rates factor into this?

Also, Lief, how do Americans spend extravagantly on retirement?

I agree... WHAT RETIREMENT?!

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snowguy716
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« Reply #12 on: September 05, 2013, 09:03:33 PM »

I wouldn't mind a relatively low wage if we actually supported people that work for a low wage.  It's basically subsidizing these low wage workers through government programs... but the market isn't efficient enough to give all working adults a living wage... and if we forced it, it would probably have negative consequences.

The wealthy enjoy and benefit greatly from having a healthy, educated, well supported workforce to draw from.  And a healthy, educated, well supported workforce is a happy, content, prosperous, and innovative workforce.

But we still need janitors and cashiers and waiters and lunch ladies and line cooks and secretaries and and and...

Pushing those people into abject poverty with little hope of living a comfortable life will surely come to no good.
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Lief 🗽
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« Reply #13 on: September 08, 2013, 12:00:51 AM »

Does PPP take into account that in these non-American countries people need not spend so extravagantly on medical costs/insurance, higher education, and retirement?

To the same effect, how do different tax rates factor into this?

Also, Lief, how do Americans spend extravagantly on retirement?

That was poorly worded, but Americans have less retirement security than people in other Western countries (due to lack of pensions, a weak safety net, etc.) and so need to earn more money (either through savings or working when they're old) to live as olds.
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Gustaf
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« Reply #14 on: September 29, 2013, 04:52:20 PM »

Does PPP take into account that in these non-American countries people need not spend so extravagantly on medical costs/insurance, higher education, and retirement?

Why would it? As noted, it also doesn't take taxes into account, as far as I know. But those are separate issues.
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opebo
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« Reply #15 on: September 29, 2013, 05:20:43 PM »

Does PPP take into account that in these non-American countries people need not spend so extravagantly on medical costs/insurance, higher education, and retirement?

Why would it?

Obviously such thing should be taken into account in any evaluation of standard of living, so the question is a reasonable one as pertaining to minimum wages.  If the minimum wage is $15/hour in Australia, it would need to be $30/hour in the US to make up for the nonexistence of public/social services.
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Gustaf
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« Reply #16 on: September 30, 2013, 05:11:16 AM »

Does PPP take into account that in these non-American countries people need not spend so extravagantly on medical costs/insurance, higher education, and retirement?

Why would it?

Obviously such thing should be taken into account in any evaluation of standard of living, so the question is a reasonable one as pertaining to minimum wages.  If the minimum wage is $15/hour in Australia, it would need to be $30/hour in the US to make up for the nonexistence of public/social services.

Sure, but it has nothing to do with PPP...
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