| Author (Corporate) | European Commission: Eurostat |
|---|---|
| Series Title | News Release |
| Series Details | No.35/2015 |
| Publication Date | 26/02/2015 |
| Content Type | News, Statistics |
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As of 1st January 2015, 22 out of the 28 Member States of the European Union (EU) had national minimum wages. They ranged from €184 per month in Bulgaria to €1 923 in Luxembourg. However, when adjusted for differences in purchasing power, the disparities between Member States are reduced from a ratio of 1 to 10 in euro to a ratio of 1 to 4 in purchasing power standards (PPS). For those countries where the national minimum wage is not fixed at a monthly rate (i.e. Germany, Ireland, France, Malta, the United Kingdom and the United States) the level of the min imum wage is converted into a monthly rate according to a standard number of hours worked per month that may differ across countries. |
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| Source Link | Link to Main Source http://ec.europa.eu/eurostat/documents/2995521/6652357/3-26022015-AP-EN.pdf/42097ff5-231b-4116-b0cf-8a28ca316f84 |
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| Subject Categories | Employment and Social Affairs |
| Countries / Regions | Europe |