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Minimum Wage in 22 European Countries

Author: EasternEuropeans, June 2017
The below table as compiled by Europa.eu gives employers the range of nominal minimum wages expressed in Euros(Jan. 2017 rates) across most EU countries. However, what it does not show employers is the very different cost of living across countries. The UK, for example, has one of the highest costs of living, especially in London and the South East, so even though minimum wages may appear to be ranked 5th-7th(depending on exchange rates) on the list, the true purchasing value is far less than Germany in real terms, which is already one or two places above UK in absolute terms.This cost of living relative to min. wages ratio is one of the reasons UK employers are struggling to fill vacancies in compared to previous years.

Also, if you go to the Europa.eu article above, it will give you an idea of the increase in wages from 2010 - 2017, with Bulgaria and Romania having the highest percentage rises, and Greece actually having fallen. Luxembourg has the highest minimum wage rate which is over 8 times that of the lowest country, Bulgaria. Implied min. wage rates in Denmark and Switzerland are even higher than Luxembourg even though not on list below.
CountryDate Level periodEquivalent in euro
Bulgaria01/01/17BGN 460.00Month235.62
Croatia01/01/17HRK 3,276.00Month436.91
Czech Republic01/01/17CZK 11,000.00Month407.64
Hungary01/01/17HUF 127,500.00Month412.91
Poland01/01/17PLN 2,000.00Month454.52
Romania01/02/17RON 1,450.00Month321.17
United Kingdom01/04/17GBP 7.50Hour8.8

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