Knoema.com - Minimum relative to average wages of full-time workers, 2022 http://knoema.de 0001-01-01T00:00:00Z /favicon.png Änderungen für Minimum relative to average wages of full-time workers, 2022 Minimum relative to average wages of full-time workers, 2022 //knoema.de/MIN2AVE/minimum-relative-to-average-wages-of-full-time-workers-2022 0001-01-01T00:00:00Z Alex Kulikov http://knoema.de/user/1847910
Minimum relative to average wages of full-time workers, 2022

For cross-country comparisons, data on minimum wage levels are further supplemented with another measure of minimum wages relative to average wages, that is, the ratio of minimum wages to median earnings of full-time employees. Median rather than mean earnings provide a better basis for international comparisons as it accounts for differences in earnings dispersion across countries. However, while median of basic earnings of full-time workers - i.e. excluding overtime and bonus payments - are, ideally, the preferred measure of average wages for international comparisons of minimum-to-median earnings, they are not available for a large number of countries. Minimum relative to mean earnings of full-time workers are also provided.

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