A recent report has taken several nations' cost of living and tax rates into consideration, revealing the top countries for minimum take-home pay.
Sitting in seventh position, Kiwis on the minimum wage can expect to take home $10.67 an hour – that’s after tax and other deductions are taken into account, along with the cost of living.
Here are the top ten countries’ take-home pay for minimum wage workers (in NZD):
- Australia – $13.48
- Luxembourg – $13.05
- Belgium – $12.11
- Ireland – $11.95
- France – $11.64
- The Netherlands – $11.59
- New Zealand – $10.67
- Germany – $10.16
- Canada – $10.14
- UK – $9.97
The OECD report shows that in Australia, 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."
Sitting on the opposite end of the scale at the bottom-of-the-list was Mexico, with an hourly minimum wage equivalent to $1.12.