Minimum wage

During the past few years, there have been some positive improvements for raising the minimum wage in all three Baltic states (Estonia, Latvia, and Lithuania). In 2018 minimum wage is set to rise in all Baltic states again. Estonia will a have a minimum wage of EUR 500; Latvia - EUR 430 and Lithuania - EUR 400. That' s a pretty decent leap if compared with 2016, when minimum wages were set at EUR 430 in Estonia, EUR 370 in Latvia and just EUR 350 in Lithuania. See: Minimum Wage Set to Rising…

This is already fourth annual article covering minimum wage and its disproportion among 22 of 28 European Union member countries. Update: Minimum Wages in European Union 2018 Feel free to browse through the archives for previous years, before proceeding, see: 2016, 2015, 2014 In 2017 there were 22 out of 28 European Union member states with official minimum wage set by the government. N.B. Countries that don't have a minimum wage set by the government in European Union - Austria, Denmark,…

In 2016 there were 22 out of 28 European Union member states with official minimum wage set by the government. Update: Minimum Wages in European Union 2018 The most are receiving residents of Luxembourg (EUR 1,923.00) while the least in Bulgaria (EUR 215).  By simple calculations, I averaged the average minimum wage in 22 EU member states - EUR 810.82. In most of the member countries there is an increase in minimum wage in 2016, still, there is one country with sharp decrease. N.B.…

There have been some positive improvements for raising the 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 a minimum wage of EUR 430; Latvia - EUR 370 and Lithuania - EUR 350. Update: Minimum Wage Set to Rise in the Baltic States in 2018 Here are my previous articles about minimum wage in Baltic states: Minimum wage in the Baltic States 2013 and…

The Baltic States, which include Estonia, Latvia, and Lithuania, have been recognized as one of the fastest-growing regions in the European Union. The region has experienced significant economic development, attracting foreign investment, and becoming a hub for technology, finance, and other sectors. One crucial aspect of this growth is the regulation of minimum wages. In 2015, the minimum wages in the Baltic States were as follows: Estonia - The minimum wage in Estonia was €390 per month…

<p>Last year I red an excellent article pointing out that <a title="Estonia Income level" href="http://www.reinisfischer.com/estonia-catch-scandinavia-next-10-15-years…; target="_blank">income level in Estonia could reach level its in Scandinavia in next 10-15 years</a>. Although this article made me smile, I decided to compare - <strong>is it real for Estonia to reach level like that</strong>?&nbsp;</p><p>Since its almost a…

The minimum wage is set by the government as the minimum standard of guaranteed income (hourly/monthly) that a worker should receive for the work he/she performs. In 2014, there were 22 countries out of 28 in European Union, which had their national minimum wages set. 6 countries out of 28 have no minimum wage set by the government at all, but they have some collective bargaining agreements. Countries that don't have a minimum wage set by the government in European Union - Austria, Denmark,…

It has been six months since I last analyzed the minimum wages in the former Soviet Union. Although it is not a major factor in economic growth, the minimum wage is still a relevant indicator in understanding a country's economic status. In my previous research in 2013, I found that Estonia had the highest minimum wage of $427, while Kyrgyzstan had the lowest at just $17 per month. In this updated analysis for 2014, the highest minimum wage is still in Estonia, with an increase to $480, and…

<p>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:</p><p><img src="http://www.reinisfischer.com/sites/default/files/beer-map.png&quot; title="Beer map"></p><p>According to map - most beers you will get in Belgium = 1028, and less in Georgia = 36. Rest of Europe averages in 300-400 beers.</p><p><a href="http://www.reddit.…

The former Soviet Union was a vast region that encompassed a number of countries with distinct cultures, economies, and political systems. In 2013, the region was still recovering from the economic and political upheavals of the previous decades, and minimum wages varied widely across the countries that made up the former Soviet Union. Previously I have already measured and compared minimum wages in Baltic states, Caucasus and Central Asia. All of these once were a part of the Soviet Union.…