The UK's minimum wage went up to £5.73 per hour for workers aged 22 or older as of yesterday, but how does that compare to minimum wages elsewhere? Very well by the looks of it!
The data below is from from Wikipedia, and here's their explanation of the figures:"Annual wages were calculated by multiplying monthly wages by 12, weekly wages by 52 and daily wages by 5x52; a purchasing power parity (PPP) conversion rate from 2007 was used to convert the annual wage from national currency to international dollars."
1. United Kingdom - $21,262
2. Luxembourg - $19,856
3. Australia - $19,053
4. Netherlands - $18,267
5. Belgium - $18,215
6. France - $17,363
7. Ireland - $17,317
8. New Zealand - $16,021
9. San Marino - $15,895
10. Switzerland - $15,584
11. Austria - $13,986
12. Greece - $13,477
13. Canada - $13,322
14. Israel - $12,920
15. United States - $12,168
16. Kiribati - $11,827
17. Republic of China - $11,455
18. Slovenia - $11,054
19. Spain - $10,811
20. Japan - $10,692
Although, when you factor in all the other costs there are to live in each country - the UK may not come out of this as such an attractive proposition.
While you're pondering that, check out this ode to The Minimum Wage from They Might Be Giants -
http://ping.fm/3aRYF