Kaitz index
The Kaitz index, devised in 1970 and named after Hyman Kaitz, is an economic indicator represented by the ratio of the nominal legal minimum wage to median wage adjusted for the industry-level coverage.
| Country | Minimum to median wage ratio in 2025 |
2025 minimum wages in U.S. dollars purchasing power parity |
|---|---|---|
 Colombia | 0.91 | 4 |
 Costa Rica | 0.85 | 6 |
 Chile | .. | 5 |
 Mexico | 0.75 | 3 |
 New Zealand | 0.64 | 15 |
 France | 0.63 | 16 |
 United Kingdom | 0.62 | 17 |
 Romania | 0.61 | 11 |
 South Korea | 0.60 | 11 |
 Slovenia | 0.59 | 12 |
 Portugal | 0.59 | 10 |
 Poland | 0.59 | 13 |
 Luxembourg | 0.56 | 18 |
 Australia | 0.55 | 17 |
 Spain | 0.55 | 15 |
 Croatia | 0.54 | 10 |
 Bulgaria | 0.53 | 8 |
 Slovak Republic | 0.52 | 8 |
 Israel | 0.51 | 9 |
 Ireland | 0.51 | 15 |
 Germany | 0.50 | 18 |
 Greece | 0.50 | 8 |
 Lithuania | 0.50 | 12 |
 Canada | 0.49 | 13 |
 Belgium | 0.48 | 16 |
 Hungary | 0.48 | 8 |
 Netherlands | 0.48 | 17 |
 Turkey | 0.47 | 8 |
 Czech Republic | 0.47 | 9 |
 Japan | 0.46 | 10 |
 Latvia | 0.45 | 8 |
 Estonia | 0.43 | 8 |
 United States | 0.24 | 7 |
See also
References
- ↑ Williams, Nicolas; Mills, Jeffrey (June 1998). "Minimum wage effects by gender". Journal of Labor Research. 19 (2): 397–414. doi:10.1007/s12122-998-1022-2. S2CID 154606029.
- ↑ Askenazy, Philippe (February 2003). "Minimum wage, exports and growth" (PDF). European Economic Review. 47 (1): 147–164. doi:10.1016/s0014-2921(02)00187-3.
- ↑ "OECD Statistics (GDP, unemployment, income, population, labour, education, trade, finance, prices...)". Stats.oecd.org. Retrieved 15 February 2021.
- ↑ "Real minimum wages from the Organisation for Economic Co-operation and Development". OECD. Retrieved 15 July 2025.
 | This labor-related article is a stub. You can help Wikipedia by adding missing information. |