Luxembourg. Luxembourg offers the highest minimum wage of any country worldwide at US$3,169 (EUR 2,936) per month for skilled talent over the age of 18. Unskilled talent, or talent under the age of 18, receive a lower monthly minimum wage: Unskilled workers 18 years of age and older: US$2,641 (EUR 2,447)
The report, which examined the minimum wages received by workers in 67 countries on six continents (Asia, Africa, North, and South America, Europe, and Asia) as of January 2023, revealed that Nigerian workers received the lowest minimum wages, with the lowest earners in the nation receiving a take-home pay of $68.
According to the Australian Bureau of Statistics, Australia has a national law requiring a minimum hourly wage of 21.38 AUD (USD 14.21) for part time as well as full-time workers. Interestingly, the minimum wage in Australia is higher than the minimum hourly wage in the United States (USD 7.25 per hour).
The new national minimum wage will be $23.23 per hour, and $882.80 per week, based on a 38-hour week. But that increase in the minimum wage comes with an important technicality.
The country with the second highest minimum wage of all turned out to be Australia, where workers can stand to earn over $2,000 a month at a bare minimum.
The national minimum wage in Australia is currently $18.29/hour (£9.95/hour). This is comparable to the national minimum wage in the UK, which stands at £7.83/hour. When looking at take-home pay, the average net salary after tax is $4088.13/month (£2,224.76) in London and $4277.05/month (£2327.57) in Melbourne.
According to Expatistan, this means Australia is one of the most expensive places to live (ranked 13 out of 74). Generally, a higher cost of living means that basic expenses have become – well, expensive.
The average Bunnings Warehouse salary ranges from approximately $49,000 per year for a Sales Floor Team Member to $140,875 per year for a Senior Software Engineer. The average Bunnings Warehouse hourly pay ranges from approximately $23 per hour for a Casual to $29 per hour for a Trade Specialist.
In 2021, the minimum wage was $3,090.40 per month. In 2019, the living wage was estimated to be $1,180 to $1,900 per month for a single adult. For a typical family, this can vary from $1,730 to $2,980.
Australia currently has the 12th highest cost of living in the world, with the USA and UK well behind at 21 and 23rd place respectively. The overall cost of living in Australia is 9% higher than the USA, but 10% cheaper than London.
Australia's minimum wage is 20.33 Australian dollars per hour, which is the equivalent of $15.23 (as of the writing of this article). Meanwhile, Americans are still sitting on the same federal minimum wage we've had since 2009—a whopping $7.25 an hour—while we are also dealing with inflation.
The average cost of living in Australia ($2104) is 5% less expensive than in the United States ($2213).
The top three countries on this list are Switzerland, Luxembourg, and Singapore, where citizens earn more than Rs. 4 lakh per month on average. Specifically, the average monthly salary in Switzerland is Rs. 4,98,567, in Luxembourg it is Rs.
Minimum Wages in China remained unchanged at 2590 CNY/Month (361.867 USD/Month) in 2023. The maximum rate of minimum wage for employees was 2480 CNY/Month and minimum was 690 CNY/Month.
Most developed countries with no legal minimum wage still have wage minimums set by industry through collective bargaining contracts. Some such countries with no legal minimum wages but extremely robust union memberships are Sweden, Iceland, Norway, and Denmark.
Well, that would come out to $79,000 a year if you're a full time employee (38 hours per week). Median employee earnings across Australia runs at about $62,000 a year. So, obviously, it's better than most. However, you won't be especially comfortably off if you live in an expensive city and you have dependents.
FAQs About Woolworths
Woolworths pays its employees an average of AU$20.95 an hour. Hourly pay at Woolworths ranges from an average of AU$15.82 to AU$27.60 an hour.
The typical Kmart Casual salary is $17 per hour. Casual salaries at Kmart can range from $13 - $78 per hour.
Cheapest Aussie cities to rent
So what about renters? Well, Adelaide is actually Australia's most affordable capital city for renters ($534), while Sydney is the most expensive ($711), according to the latest CoreLogic rental data.
There you go! $5000 will last you a minimum of 4 weeks without scrimping too hard on budgets. Anything more than $5000 just gives you a longer buffer and a bigger safety net, however for those teachers struggling to save then you can feel confident travelling to Australia with only $5000 in your bank account.
While Tasmania may be the Australian state that is cheapest to buy a house right now, there is another state that may be more affordable, when you consider employment opportunities and income levels compared to home prices and cost of living.
What are your financial needs? British doctors earn an average of £70,000. But in Australia, they earn an average of a practice's income, which is normally on average somewhere between £150,000-200,000 per year.
Australia has a much more laid-back culture than England. Australians are known for their mate ship and easy-going attitudes. There is a strong focus on enjoying life and having a good time. This doesn't mean that Australians don't work hard, but they definitely know how to enjoy their leisure time.
Employees cannot be paid less than their applicable minimum wage, even if they agree to it. Download the fact sheet: Minimum wages.