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> would be the highest minimum wage in the world right now. Australia's minimum wage for people over 21 is over $15 USD for full time work, and over $19 USD fo
by 542354234235 6y ago
> would be the highest minimum wage in the world right now.
Australia's minimum wage for people over 21 is over $15 USD for full time work, and over $19 USD for part time (you receive a 25% casual loading rate increase for part time work). [1] That comes out to about 70% of their GDP per capita (working 38 hours per week, 50 weeks a year). The US going to $15 an hour would only be 43% of GDP per capita. If the US paid its minimum wage workers according to our actual economic output per person, our minimum wage would be $24 an hour, to match Australia. I wouldn’t really call $15 an hour radical.
[1] https://blog.aigroup.com.au/australia-had-the-highest-minimum-wage-in-the-world-in-2019/ https://blog.aigroup.com.au/australia-had-the-highest-minimu...