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1960 - 2015
Thursday, 31 December 2015
Thursday, 27 October 2016
Next release date:
Saturday, 07 October 2017
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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