Minimum wage

What's Minimum Wage in European Union 2017

This is already third annual article covering minimum wage and its disproportion among 22 of 28 European Union member countries. Feel free to browse through the archives for previous years, before proceeding, see: 2016, 2015, 2014 #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; width:100%;} /* Add your own MailChimp form style overrides in your site stylesheet or in this style block. We recommend moving this block and...

Minimum Wages in European Union 2016

In 2016 there were 22 out of 28 European Union member states with official minimum wage set by government. #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; width:100%;} /* Add your own MailChimp form style overrides in your site stylesheet or in this style block. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */ Signup for the latest investment articles Update...

Minimum Wage Set to Rise in All Baltic States in 2016

There has been some positive improvements for rise of minimum wage in all three Baltic states (Estonia, Latvia and Lithuania) in recent years. And there are more to come. In 2016 minimum wage is set to rise in all Baltic states. Estonia will have minimum wage of EUR 430; Latvia - EUR 370 and Lithuania - EUR 350. Here are my previous articles about minimum wage in Baltic states: Minimum wage in Baltic States 2013 and 2014 Minimum wage in Baltic States 2015 Minimum wage in Baltic...

Minimum Wages in Baltic States 2015

A year ago I wrote an article covering minimum wages in Baltic States. In that article I found that minimum wages for 2013/2014 were at: EUR 330 Estonia, EUR 320 Latvia and EUR 290 in Lithuania. Now - 2015 will be a special year - starting 2015 all three Baltic countries will have Euro as currency, Lithuania will adopt Euro starting January 1st. There are other good news as well - the minimum wages are to be increased in all three Baltic States in 2015: in Latvia – from EUR 320 to EUR...

Estonia To Catch Up Income Level like in Scandinavia in next 9-14 years

Last year I red an excellent article pointing out that income level in Estonia could reach level its in Scandinavia in next 10-15 years. Although this article made me smile, I decided to compare - is it real for Estonia to reach level like that? Since its almost a year since  I wrote that article - I decided to compare again and see how Estonia is doing in it's already 9-14 years plan to reach that level.In my measurements I'm using raw data for GDP, GDP per capita, I could use...

Minimum Wages in European Union 2014

Minimum wage is set by government minimum standard of guaranteed income (hourly/monthly) that worker should receive for work he/she performs. In 2014, there were 22 countries out of 28 in European Union, which had their national minimum wages set. Update: For a complete list with minimum wages in EU for 2017, please visit: Minimum Wages in European Union 2017 #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; width:100%;} /* Add your own...

Minimum Wages in Former Soviet Union 2014

Some time ago I already did a chart of minimum wages in Former Soviet Union, now some time - about 6 months have passed and I decided to take a look to minimum wages in Former Soviet Union one more time. Although minimum wages doesn't play major role on economic boost, it's still an indicator I like to know when researching particular country. In my previous research for 2013 I found that highest minimum wage was set in Estonia ($427) while the lowest was in Kyrgyzstan (jut $17 per month)...

How many beers you can buy in Europe for minimum wage?

I like charts and graphics, who doesn't? Well Reddit user Adilu, has created a map of how many beers you can buy in Europe for a minimum wage:According to map - most beers you will get in Belgium = 1028, and less in Georgia = 36. Rest of Europe averages in 300-400 beers.Please visit Adilu to find out more

Minimum wages in former Soviet Union

Previously I have already measured and compared minimum wages in Baltic states, Caucasus and Central Asia. All of these once was a part of Soviet Union. Today I'm willing to measure minimum wages in all former 15 republics of Soviet Union.   $ Estonia 427 Lithuania 385 Latvia 379 Russia 159 Turkmenistan 154 Belarus 150 Ukraine 143 Azerbaijan 133 Kazakhstan 121...

Minimum wages in Central Asia

Previously I have wrote articles covering minimum wages in Baltic states and Caucasus, today I would like to look into antoher part of former Soviet Union - Central Asia. $ monthKazakhstan121Kyrgyzstan17Tajikistan52Turkmenistan154Uzbekistan40As we can see from data above, the highest minimum wage in Central Asia is in Turkmenistan, making modest $154,while the lowest is in Kyrgyzstan making just $17 in month.

Minimum wages in South Caucasus

Yesterday I wrote about minimum wages in Baltic states. Today I would like to write about minimum wages in South Caucasus (Armenia, Azerbaijan, Georgia) countries. Both of these regions was once a part of Soviet Union, and for me it's interesting to compare how each of the regions have developed since collapse of Soviet Union.Armenia $108, Azerbaijan $133, Georgia $54Well, if in previous post about minimum wages in Baltic states, I told, that Baltic states are one of the poorest in European...

Minimum wage in Baltic states

Baltic states are one of the poorest countries in European Union.In 2013 minimum wage in Baltic states was $427 in Estonia, $379 in Latvia and $385 in Lithuania.Difference between "richest" Estonia and "poorest" Latvia in 2013, in terms of minimum wage was = $48 Estonia has announced to increase it's minimum wage by 35 EUR both in 2014 and 2015. In 2014 minimum wage in Estonia will be $474.Latvia plans to increase it's minimum wage to 320 EUR or $427 in 2014I havent find any evidence that...