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In 2013, 50% of minimum wage workers were between the ages of 15 and 19; in 1997, it was 36%. 50.2% of workers in this age group were paid minimum wage in 2013, an increase from 31.5% in 1997. Statistics Canada notes that "youth, women and persons with a low level of education were the groups most likely to be paid at minimum wage." [2]
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax . In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies .
Increases in minimum wage tends to result in junior (low-skilled) workers being overpaid relative to their senior (high-skilled) peers (i.e., If the minimum wage in a region increases from $20 to $25, therefore new employees receive $25 per hour, while current employees with 3 years' experience are being paid $26.50 per hour).
The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of ...
In 2012, the gross average salary for doctors in Canada was CDN$328,000. Out of the gross amount, doctors pay for taxes, rent, staff salaries and equipment. [90] In Canada, less than half of doctors are specialists whereas more than 70% of doctors are specialists in the U.S. [91] Canada has fewer doctors per capita than the United States.
According to the Payment of Wages Act, if a company has less than 1,000 Employees, salary is paid by the 7th of every month. If a company has more than 1,000 Employees, salary is paid by the 10th of every month. [13] Minimum wages in India are governed by the Minimum Wages Act, 1948. [14]
None; some government institutions and public enterprises set their own minimum wages: public sector employees, the largest group of wage earners, earned a monthly minimum wage of Br 420 (US$21); employees in the banking and insurance sector had a minimum monthly wage of Br 336 (US$18). [10] 48 2017 Federated States of Micronesia
[15] [16] CRA workers sought a 30% increase in wages over the next three years, while others were asking for a 13.5% increase, [14] amounting to a 4.5% annual increase. [17] The Government of Canada had offered a 9% increase instead, but PSAC would not accept it. [ 15 ]