Australia has Highest Minimum Wage

10835757125_f09ae40716_zAustralian minimum wage workers earn more than in any other developed country according to a report from the Organisation for Economic Co-operation and Development.

Australia’s minimum wage workers — aged 21 and over — make 15.96 Australian dollars per hour. After tax and other deductions, that’s equivalent to $9.54, once the difference in the cost of living is taken into account.

“They have a high minimum wage. And interestingly they have a low tax burden,” said Herwig Immervoll, the author of the OECD report. “[Australians] recognize that supporting low wage earners through the tax system is important.”

Find out more at CNN Money.

Photo courtesy of: Les Haines