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The National Minimum Wage Act 1998 (c. 39) creates a minimum wage across the United Kingdom. [2] From 1 April 2024, the minimum wage is £11.44 per hour for people aged 21 and over, £8.60 for 18- to 20-year-olds, and £6.40 for 16- to 17-year-olds and apprentices aged under 19 or in the first year of their apprenticeship. [ 3 ] (
The following list provides information relating to the minimum wages (gross) of countries in Europe. [ 1 ] [ 2 ] The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [ 3 ] Belgium (38 hours), [ 4 ] United Kingdom (38 hours), [ 3 ] Germany (38 hours), [ 5 ] Ireland ...
The following list provides information relating to the (gross) minimum wages (before tax & social charges) of in the European Union member states. The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [1] Belgium (38 hours), [2] Ireland (39 hours), [1] and Germany (39.1 hours).
The National Living Wage is an obligatory minimum wage payable to workers in the United Kingdom aged 21 [a] and over which came into effect on 1 April 2016. As of April 2024 [update] it is £11.44 per hour. [ 1 ]
1 Jan 2025 Egypt: None; The minimum wage of public sector is LE 6,000 (US$123.6) per month. The private sector (There are certain grace periods in certain industries such as tourism, retail, and clothing.) is LE 6,000 (US$123.6) per month. [84] 42 May 2024 El Salvador: The minimum wage was set by the government at US$304.17 monthly in 2018. [10 ...
Here’s how much you need to make in salary alone to be part of the 1% in America — plus how much you need to make to be in the top 5% and top 10% of wage earners in the U.S.
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
A 2010 study on the UK minimum wage found that it did not cause immediate price increases but led to faster price rises in sectors with many low-wage workers over the long term. [93] A 2012 UK study (1997-2007) found the minimum wage reduced wage inequality and had neutral to positive effects on employment. [94]