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Cost of a basic but decent life for a family [1] [2]. A living wage is defined as the minimum income necessary for a worker to meet their basic needs. [3] This is not the same as a subsistence wage, which refers to a biological minimum, or a solidarity wage, which refers to a minimum wage tracking labor productivity.
For example, 33 states in the United States have higher minimum wages than the federal rate (plus military rates on federal bases) – on top of this an additional 42 city-level subdivisions having different minimum wage rates and 53 countries. [2] In effect, the United States has over 100 different minimum wages across the nation.
Category: Minimum wage by country. 1 language. ... Minimum wage in the United States This page was last edited on 11 December 2024, at 13:30 (UTC). ...
As of April 2024, only about 17% of countries have minimum wages at or above the cost of living, many of which are in Western Europe, according to data from the WageIndicator Foundation, a global ...
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However, wage growth was just 1.2% year-over-year, but minimum wage workers there spent just 8.3% of their income on basic food items. William Murphy / Flickr.com 3.
In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). This is not to be confused with the average income which is a measure of total income including wage, investment benefit, and other capital gains divided by total number of people in the population including non-working residents.
This means that anyone living on less than $2.15 a day is considered to be living in extreme poverty. About 692 million people globally were in this situation in 2024. [8] The second table lists countries by the percentage of the population living below the national poverty line—the poverty line deemed appropriate for a country by its ...