Countries without Minimum Wage Law

  1. Austria: none by law; instead, nationwide collective bargaining agreements set minimum wages by job classification for each industry; the accepted unofficial annual minimum wage is 12,000 to €14,000.
  2. Brunei
  3. Denmark
  4. Finland: not in law; however, the law requires all employers, including nonunionized ones, to meet the minimum wages agreed to in collective bargaining agreements in each sector of the workforce; almost all workers are covered under such arrangements
  5. Germany: none by law (but in discussion); collective bargaining agreements set minimum wages by job classification for each industry and region; however, these agreements apply only to employers who are full members of an employers’ association (the vast majority of German employers are members)
  6. Hong Kong: applies only to foreign labor.
  7. Iceland: none; minimum wages are negotiated in various collectively bargained agreements and applied automatically to all employees in those occupations, regardless of union membership; while the agreements can be either industry- or sector-wide, and in some cases firm-specific, the minimum wage levels are occupation-specific.
  8. Italy: none by law; instead set by a collective bargaining agreements on a sector-by-sector basis; when an employer and a union fail to reach an agreement, courts may determine fair wages on the basis of practice in comparable activities, although this rarely occurs in practice.
  9. Norway
  10. Singapore
  11. Sweden: none by law; set by collective bargaining contracts every year.

Source: List of Minimum Wage by Countries, Wikipedia

14 Comments

  1. zewt said,

    April 14, 2007 at 2:40 pm

    where is our beloved country?

  2. mich said,

    April 15, 2007 at 12:26 am

    No, Malaysia does not have minimum wage law, but according to wikipedia, Malaysia does set the minimum wage for plantation workers though.

  3. zewt said,

    April 16, 2007 at 5:45 pm

    yeah… malaysia does not have… that’s what your title states right? Countries Without Minimum Wage Law… or am i missing something?

  4. maddie said,

    September 11, 2008 at 7:57 pm

    by the way, wikipediaa isnt the most reliable source

  5. December 16, 2008 at 6:21 am

    […] have released a new book, carefully studying the economic effects of federal minimum wage.  A small list of countries with no formal government-enforced minimum wage.  And a paper by the same authors, […]

  6. bob said,

    May 7, 2012 at 5:53 pm

    im gay

  7. Ted said,

    February 16, 2013 at 3:03 pm

    And US nuts don’t want minimum wages or unions.

  8. Eric said,

    October 1, 2013 at 5:35 pm

    None of these nations do not require minimum pay levels; they all rely instead on labor unions and collective bargaining. That is the same thing. Are there no nations on earth that have no worker pay standards?

  9. trader said,

    November 7, 2013 at 12:15 pm

    i hope u understand monopsonist and how it can affect the min wage. Scandinavian have labor unions in bargaining wage bcuz they understand the idea between monopsonist and min wage.

    SECONDLY, u gotta understand that friedman comes from a perfect comp view pt. he is a monetarist and he has different view pt on the economy. of cuz the Unemployment will be a product when demand and supply are not in equilibrium.

    and next thing u gotta READ is NAIRU or natural UE..At which stage will a min wage work, and when will it not work.

    Lastly, I hope u do not profess knowledge without substance.

    As Paul Krugman said, min wage is not a macro 101 issue.

    • stars4free said,

      November 11, 2013 at 1:54 am

      …And an ideal level of minimum wage is — what exactly? Is somehow price-fixing of the cost of labour any better for the economy than price-fixing of any other commodity? Does anyone in a real world hire the most expensive plumber for the job instead of the list expensive one?

  10. November 27, 2013 at 8:30 am

    […] Denmark, Finland, Germany, Hong Kong, Iceland, Italy, Norway, Singapore and Sweden. See link: Countries without Minimum Wage Law | small-m Cassidy Owary Source: https://www.facebook.com/photo.php?f…size=781%2C445 […]

  11. November 27, 2013 at 8:49 am

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  12. poop said,

    January 29, 2014 at 2:47 pm

    poopy buts


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