Working Your Way Out Of Poverty On The Minimum Wage

June 4th, 2015
in News, econ_news, syndication

from Felix Richter, Statista.com
by Niall McCarthy

If you are trying to support a family while working in a minimum wage job, is your take-home pay enough to survive on?

Follow up:

The Organisation for Economic Co-operation and Development (OECD) found that a single full-time minimum wage job could leave families below the poverty line in many developed nations across the world.

These include the Czech Republic, Greece and South Korea where weekly working hours in minimum wage employment are relatively unrealistic. Take the Czech Republic as a prime example. A single worker living there with two children earning the minimum wage would have to work 79 hours each week to get above the poverty line.

This chart shows weekly hours at minimum wage to move out of poverty in selected countries.

Infographic: Working Your Way Out Of Poverty On The Minimum Wage  | Statista
You will find more statistics at Statista

 









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