Financial and Monetary Systems

Which countries have the highest minimum wages in the OECD?

United States bank note and coins

Advocates of minimum wage legislation say it stimulates the economy by increasing consumer spending power. Image: Unsplash/ Kenny Eliason

Stefan Ellerbeck
Senior Writer, Forum Agenda
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A bar chart showing minimum wages, statutory, negotiated or absent, global and by region.
Most countries in the world have minimum wage legislation. Image: International Labour Organization.

A bar chart showing minimum hourly wage in Japan.
The minimum wage has been rising as Japan tries to revitalize growth. Image: Bloomberg.

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