3 October, 2022 seen 41In 2023 minimum wage is set to increase in all Baltic states. Estonia will have a minimum wage of EUR 725; Latvia - EUR…
Today I'm willing to measure minimum wages in all former 15 republics of Soviet Union.
Whohoo - As seen from data above - the highest minimum wage is in Estonia - making $427 in month, while the lowest is in Kyrgyzstan making more than modest $17 per month. Difference between Estonia is 25 times. It means a Kyrgyz worker who receives minimum wage needs to work 25 month's to receive the same amount receives his counterpart worker in Estonia in one month.
Baltic states leads the table, making huge leap to it's closer Russia. Difference with Latvia for Russia is $220, while with Estonia even $268.
Why Baltic states leads the table? Well, I guess since Baltic states are really tiny economies, it's a lot easier for them to adjust minimum wage to average wage in country. I'm not sure where, but somewhere I have red that Latvia's minimum wage should respond of 68% of average wage in country. In my opinion it's nice measurement, and who knows, maybe Baltic republics have adjusted this measurement so making it more Social equal?!
Georgia is staying behind it's counterparts in South Caucasus region, receiving minimum wage just $54 in month. Well.. Georgia should figure out how to increase it;s minimum wage to at least $100 month ASAP.
In Central Asia, we can see that oil rich countries, like Turkmenistan and Kazakhstan has relatively close minimum wage as in Russia, while countries like Tajikistan, Uzbekistan and Kyrgyzstan stays behind.
Moldova's modest $69 - hard to tell - it's similar like in Georgia - both countries aims to European Union, hard to tell - does EU needs such "poor" countries?