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What is an ending annual salary/ wage?

How poor is the minimum wage of $7.25 an hour in America compared to the average salary in the world?

  • Whats the average salary for a person in the world compared to the United States minimum wage? and why? How poor is the average person in the world compared to the poor minimum wage workers in America?

  • Answer:

    Many people in the developing countries live on US$1 to $ 2 a day. In Vietnam, the minimum wage for an unskilled worker is only about US$0.40/hour ($3.20/day). So to earn $ 7.25/hr ($58/day) must sound like a princely sum to them. However, in the developed world, a minimum wage of $ 7.25/hr is not high. The minimum wage in Belgium is 1440 euros/month or 8.12 euros/hour or US$11/hour. In France, it's about $10/hour.

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The average salary in the World is extremely low, given the array of poor nations around the globe, many in Africa, Southeast Asia, and South America, where people often earn less than a dollar a day. The minimum wage in America, although it may seem low to us in such a wealthy nation, is quite alot for people in most nations, where living expenses are lower, and income is much lower. Compared to the industrialized countries, like the UK, and other more liberal European states, a $7.25 minimum wage is on the low side, as the minimum wage of some of those nations is over $8.00

w_t_isc

you seem to forget that poor isnt just your minimum wage. its the minimum wage set off against the minimum living expenses.

mrzwink

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