Ireland has one of the highest minimum wage packets on the planet, according to a global survey.
In a survey of 214 countries, Ireland has the seventh highest minimum wage at just over €18,000 a year ahead of France, the Netherlands, and Canada.
The Movehub study reveals that Australia has the highest minimum wage at over €24,000 a year while Uganda has the lowest official minimum wage at a paltry €21 per annum.
Australia’s excellent working conditions explain why millions of emigrants from Ireland, China, Malaysia, and the UK flock to the country each year on temporary working visas.
Luxembourg has the top minimum wage in Europe, which comes in at just over €23,000.
Max Holloway, a spokesman for Movehub, said Ireland is leading the way when it comes to mandatory wages for its employees.
“33 countries do not have a mandatory legal minimum wage,” said Mr Holloway. “Ireland is seventh in our study which is amazing out of 214 countries and 50 US states.”
The study compiled by Movehub, a website that helps people move abroad, also shows how Burundi and Uganda both have the shockingly low minimum wage of just €21 for the entire year.
Surprisingly. the study shows that many progressive Scandinavian countries don’t have a mandatory legal minimum wage but do have union and trade agreements between employers and employees which are another way of ensuring workers are not underpaid.
While Ireland has the seventh highest minimum wage before tax, it has the fourth highest minimum wage after tax, behind Australia, Luxembourg, and Guam.
“Ireland has one of the best European minimum wages and Ireland pays a lot less tax on it too compared to the rest of Europe. I would imagine low taxes and strong minimum wage in (Ireland) would be very tempting to immigrants and graduates.”
The UN’s recent Global Wage Report bore out Ireland’s high wage rate in comparison to the rest of the world.
Ireland was fourth behind Australia, Switzerland, and Denmark when it came to hourly rates in the manufacturing industry.
While Ireland paid €19 an hour and Australia paid close to €21 an hour, Switzerland came in second with €24.78 an hour while Denmark has the highest hourly rate at €25.14 an hour.
The UN’s International Labour Organisation also revealed the stark differences between these wages and the pay packets someone doing manufacturing work in the Philippines can expect, of just over €1 an hour.
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