Which country has no minimum wage?

Switzerland. There's no national minimum wage but Swiss wages are high relative to other nations. Some sectors use minimum wages negotiated between unions and employers' associations as defined in the collective and standard employment agreements.

What is the lowest paid country in the world?

Why is there no minimum wage in Sweden?

Sweden does not have statutory minimum wages, but instead negotiates wage levels in collective bargaining agreements. The model is called the Ghent system, often referred to in Sweden as the Swedish model or the Nordic model. The labour market is largely regulated by the social partners, including the wage levels.

What is the lowest minimum wage in Europe?

As of July 2025, the monthly minimum wage before deductions in the EU ranged from €551 in Bulgaria, to €2,704 in Luxembourg, according to Eurostat. When EU candidate countries are included, Ukraine has the lowest minimum wage, at just €164.

Why does Switzerland not have a minimum wage?

In a referendum in 2014, the Swiss population rejected the idea of introducing a monthly wage of CHF 4,000 at federal level by a large majority. Even in cantons with an existing minimum wage, the referendum was rejected.

What Countries Have No Minimum Wage? - The Right Politics

Is the UK salary lower than Switzerland?

According to the OECD, the average salary in Switzerland was €8,104, making it the highest-paying country in Europe. Another European Free Trade Association (EFTA) country, Norway, offered an average salary of €5,027. The UK had an average salary of €4,220.

Why does Italy not have a minimum wage?

Italy does not have a minimum wage prescribed by law. Minimum wages are set by collective agreements at sectoral level, and the majority of employees in Italy are covered by a collective bargaining agreement in which wages are set.

Who has the highest minimum wage in the world?

Worldwide, minimum net monthly wages vary from $46 in Nigeria to the highest minimum wages of 3,254 U.S. dollars in Luxembourg as of January 2025.

What is the minimum wage in Ireland?

The following new minimum hourly rates will apply from 1 January 2025: Aged 20 and above: €13.50 per hour. Aged 19: €12.15 per hour. Aged 18: €10.80 per hour.

What is the minimum wage in Italy?

There is no statutory minimum wage in Italy. However it is estimated that the average low wage in Italy is roughly 1,150 EUR per month. The median salary in Italy is 2,500 EUR per month. Is it possible to hire skilled employees close to the minimum wage in Italy?

How much does McDonald's pay in Sweden?

McDonald's pay FAQs

The average salary for a Cashier is SEK 133 per hour (estimate) in Stockholm, Sweden, which is 11% higher than the average McDonald's salary of SEK 120 per hour (estimate) for this job.

What is the minimum wage in Norway?

How much is rent in Sweden?

On average, in city centers, a one-bedroom apartment in Sweden costs between $778 and $950 and a three-bedroom between $1,255 and $1,535. The affordable cities mentioned above boast rent prices cheaper than the national average.

What is America's minimum wage?

The federal minimum wage for covered nonexempt employees is $7.25 per hour. Many states also have minimum wage laws.

Who is the highest paid country?

Switzerland is the best-paid country in the world: salaries here are 100.1% above the global average.

What is the minimum wage in Canada?

The federal minimum wage is currently $17.75 per hour. This minimum wage applies to all businesses that are federally regulated.

What is 13.50 an hour annually?

£13.50 hourly is how much per year? If you make £13. 50 per hour, your salary per year is £28,080.

What salary do you need to live comfortably in Ireland?

What's a good salary in Ireland? A 'good' salary in Ireland generally ranges from €50,000 to €70,000 per year. This would allow a single person or small family to live comfortably, especially outside of Dublin.

Do you pay tax on minimum wage?

Your 'minimum wage pay' is the amount of pay you receive, before things like tax, National Insurance and pension contributions have been taken off, but after certain other deductions have been made – including for costs you have incurred in connection with your work that are not reimbursed by your employer (more on ...

Which country pays the highest per hour?

What's the minimum wage in Switzerland?

Switzerland does not have a national minimum wage, but some cantons set their own minimum wages, with Geneva having one of the highest at CHF 24.48 per hour in 2025. The average salary in Switzerland is notably high, reflecting the country's strong economy, with figures around CHF 78,000 per year as of 2024.

What is the minimum wage in Denmark?

In Denmark, there is no statutory minimum wage.

Who has the lowest minimum wage in Europe?

Several countries, including one EU member, have minimum wages below €600. This lowest group is mostly made up of EU candidate countries. It includes North Macedonia (€584), Turkey (€558), Bulgaria (€551), Albania (€408), Moldova (€285), and Ukraine (€164).

How much is rent in Italy?

The average rent price in Italy is 800 EUR (880 USD) a month. However, this is just the average—you will find rental prices to range from 490 to 1,550 EUR (540 to 1,700 USD). Below is a table with monthly rental prices per square meter by region, from most expensive to least expensive.

What is the minimum wage in Australia?

All Australian workers are entitled to a minimum wage. This is the least you can be paid for doing a certain job. It's illegal for an employer to pay you less than the minimum wage. As of 1 July 2025, the national minimum wage is $24.95 per hour or $948 a week (if you work 38 hours).