MiddleMe
The topic of minimum wage has always been a point of contention for governments, no matter where you go around the world. Some lawmakers argue that having a minimum wage will help set a standard for all companies to follow and guarantee that employees are paid based on their position. Others believe having no minimum wage will allow employees to negotiate the salary they believe is right and also inspire companies to hire more people.
If you are considering moving to a new country to secure employment and would like to have a say in how much you are paid, here are five developed countries that have removed minimum wage standards:
Denmark
Denmark ranks high in the job satisfaction rankings in the world. When you look at the numbers, workers say they are satisfied with their job because they can negotiate for a reasonable wage. Trade unions also have the power to represent their members in negotiating for better compensation for their members.
Sweden
Sweden utilises collective bargaining to ensure a “set” wage target for each industry. The wage targets are negotiated regularly with the country’s 110 trade unions and employers’ organisations, as well as salaries and overtime rates.
Iceland
Regarding its employees’ satisfaction, Iceland ranks very high, and many would say they would love to retire there because of its perks. In terms of pay, employees are automatically registered with trade unions, which would then represent them during salary negotiations for their respective industries.
Norway
Norway they have union-negotiated wages similar to the rest of the countries in this list. Every industry has its own negotiated wage standard, paid leave and overtime arrangements. Their minimum rates vary per industry for unskilled workers, but it does increase as their skill level and experience increase.
Switzerland
Recently, Switzerland allowed the people to decide whether to have a minimum wage for all industries. The majority have approved it, and now, a minimum wage of 23 Swiss Francs (CHF) per hour is standard for all industries.
Whether the argument of having no minimum wage is correct or not, it is clear that its effectiveness varies on the strategy applied by the government. These five countries can work alongside the people to see what is best for their industries, and they are proactive in ensuring that everyone is satisfied by providing additional benefits.
As an employee, considering these five countries to be where you want to work can reap benefits. But, before you make the jump, research to see what is available for your skill set and if you are ready to live in a new location. If you believe you are prepared and have found the position you want to apply for in these countries, go for it. The experience may prove helpful for you in the future, and you may find the place where you can grow.
Wondering if the workforce is the same in every country? You’ll be surprise that while some countries are really taking care of their labour workers while some continues to exploit them. Check out these articles:
Top 10 countries in Asia to Relocate as an Expat
What is a Working Vacation and top 10 spots for Workations
China is a Beautiful Country except..
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