A recent report has taken each country’s cost of living and tax rate into consideration, casting genuine light on international pay disparity.
Sitting in ninth position, Canadians on minimum wage can expect to take home $6.95 an hour – that’s after tax and other deductions are taken into account, along with the cost of living.
Here are the top five countries, with their equivalent minimum wage in Canadian dollars.
- Australia – $9.24
- Luxembourg – $8.95
- Belgium – $8.30
- Ireland – $8.19
- France – $7.98
The OECD report shows that in Australia – the most generous nation – a single minimum wage worker with two children would have to work just six hours a week to lift themselves above the poverty line because they would also receive state benefits.
"They have a high minimum wage and interestingly they have a low tax burden," said Herwig Immervoll, the author of the OECD report. "[Australians] recognize that supporting low wage earners through the tax system is important."
While Canada is far from a top performer, it could definitely be worse – bottom-of-the-list Mexico has a minimum wage equivalent to 97c.
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