I just wanted to share this. These are the minimum wages around the world. As you can see Australia has the highest minimum wage. The lowest federal minimum wage is in Sierra Leone followed by India. You can read more about it in this article https://www.businessinsider.com/a-look-at-minimum-wages-around-the-world-2013-8.
Why is there such a high difference between the wage earned in Australia and Sierra Leone? It could be due to governance, there could be corruption in the government and poor implementations that is hindering the government from increasing the minimum wage.
Australia could have a better system of government that is able to afford the minimum wage $16.88 per hour. In addition, Australia probably has a strong and stable economy. I’m not sure, what do you guys think? The United States minimum is still the same at $7.25 per hour since 2009.
I want to also mention that colonization could have something to do with why Sierra Leone has such a low minimum wage. Colonized places were not able to dictate their own country and control their own governments. There are still puppet rulers in control and corruption is quite rampant in colonized countries.
This is important to our class because there is an issue of governance. Who are leading these governments to make countries like Sierra Leone and India to have such low minimum wage? Maybe the type of government systems are not working in those countries. We can also compare Australia, the United States, Sierra Leone and India to examine why there are stark differences in the minimum wages in these countries.
Blessing Uzoeshi.
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