The History of Minimum Wage in Asia (Monthly Salary Since 1995)
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- čas přidán 20. 04. 2022
- The video shows the timelapse of the history of minimum wage in Asia by country from 1995 to 2022. A minimum wage is the lowest remuneration that employers can legally pay their employees-the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century.
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Syria is actually depressing to watch
Sadly 😔
Seeing My country become like this really hurts
Better than Yemen
My heart is bleeding
Well, at least when things are like this, they can only get better
Love and support Syria from Serbia, we both went through terrible collapses we feel your pain too brothers 🇷🇸♥️🇸🇾
And both of them were because of United States
@@Harshil_Uppal Exactly
Indiia bestest irdot
@@pajeetisraelcomputer8985 bruhh wtf
wtf how
Syria was blue in 2007. That's very sad...
Before civil war
@@haruyanto8085 before America looted
요약하자면
한국의 17살 고등학생 편의점 파트타임 월급 > 중국 베이징대 졸업생 화웨이에서 월급
Minimum wage is meaningless for China because only 5% of people get this salary...Korean may be closer to 20%
Generally, the basic annual salary of an engineer who has been employed by Huawei for three years is more than 90,000 USD
😂所以为什么这么多韩国人来中国公司工作？底薪是保人民收入下限的，中国经济的发展给更多的人带来的是上限。同样一位写代码的程序员，中国公司支付的工资就比韩国高，顶尖人才工作更是高，因为中国互联网企业是和美国硅谷竞争人才的。
这也能解释中国富豪和奢侈品消费世界最多的原因
当然，这套在资本主义制度很正常的情况，贫富差距，在社会主义中国出现是十分讽刺的😂
所以共产党前几年才要花费大量财政去扶持中国最贫困的群体，这不光是为了扩大国内市场，也是维护共产党统治合理性，不然就太讽刺了，
중국인:한국은 고기도 못먹고 재벌들때문에 빈부격차도 심하다!!
실제론 아시아 최상위 임금+미,영,일본보다도 낮은 지니계수, 1인당 육류,해산물 소비량은 중국 압도ㅋㅋ
My Syria, that hurt me 😢🇸🇾
You hurt my indiia
This is how my country(Philippines)earns $320 per month(workers), and the product prices are very similar to 1st class countries, which may result to poverty for those low income countries, thats why i want to shift or migrate to other ones.
Who cares about Philippines??
Phillipines have too much slum and poverty
Its crazy how minimum wage in the US is only $1256.70. Despite it being higher than most of the other countries here, the average rent for a one bedroom apartment in the US $1098 per month. The average cost of food for a single person is $250-300 a month. Full time minimum wage isn't even enough for just food and shelter. Not to mention how inflation is currently skyrocketing with no increase in wages in sight.
Ναι όντως στην Ελλάδα είναι πολύ φθηνότερα
same problem here in Canada but even worse as everything is even more expensive than that.
But you are Kremlin bot with no videos
But in US, only %2 of the population gets minimum wage.
@@youravaragetoxicmasculinem9508 woah really? Damn... I thought it was at least 30% lmfao
Syria 😢
Actually, it's about 185$ in Russia right now (April) (~100$ when ruble fckd up in March).
So something like 160$ after paying taxes.
The ruble is doing better now than it did before the war started lmao
@@kko5779 some shenanigans from central bank just to stabilize currency rate. Despite this, prices risen a lot, like 1.5-3 times more.
Its actually funny to see that minimum wage in pak and afg is higher than that of india.
It's not funny it's reality
@@yousafshah416 thats why its funny.
@@yousafshah416 and this is fake
@@surjeetsharma33 I think you watch indian media that's why you are not belieiving.
@@yousafshah416 i am an indian, lives in india. What you want from me? Should i watch news from usa or china? Get life.
Very good 😃
Not goid because Indiia should be 1
Bangladesh, dropped from 64 to 18
India is damn so poor… in my country ( italy ) the minimum wage is 1500$
As*hole every country have different spending index
In india purchasing in cheap
And listen, india has 12 trillion dollar ppp economy third highest purchasing power parity
Before any cmnt you should have knowledge
Good 😂
so
Get ready for offended Indians to make argument against you
So what we don't even need more than 200 dollars per month to live . It's almost enough for most of the families in India . And man your country is very costly and overpriced if we look from my angle .
*Saudi Arabia since 2020, minimum is 1066$
Greetings i'm from Indonesia 🇮🇩
Doing great
Everybody's talking about Syria but nobody mentioned Kyrgyzstan being red almost the entire video before turning dark orange in 2018. And I assume they'll fall back down again very soon again
I’ve noticed that as well :(
Corruption
Yeah.. corruption
Average wage here in Thailand is about 700-810 USD
Surprises me lots of these countries even have a legal minimum wage
The us "minimum" wage is more like slave wage, it's nowhere near enough to survive.
Qatar : Where İs Problem ?
1:09 YESSS!!! FINALLY!! KOREA IS BETTER THAN JAPAN HAHA >:D
Pls make a video on active covid cases
india 0 case bro
@@onlinemathquiz3621 they still have 15k active cases..
I am talking about globally..
@@grand9649 Indiia hav no case of covid 18
Syria is sad to watch
Yes 😕
Indian Bangladesh Myanmar syria 😂😂
Minimum wage is decided by government
Average salary in india is more than turkey Indonesia
@@bg-rr6bx lol no
@@AndrewManook lol yes
Note that China's minimum wage is different in every province and districts within those provinces, only some places in China which are relatively wealthy for the country have 318.8 usd or above minimum monthly wage.
I am now in Inner Mongolia and the minimum monthly wage in my city is 4000 yuan(555.6 USD)
@@yangdigu That's odd, although part of Inner Mongolia are relatively wealthy in China, but from the Chinese government's website, the minimum wage in Inner Mongolia is 1980 rmb(275.21 usd) for the area with highest minimum wage.
Did you know that Singapore have no minimum wage.this mean there are people in this country working for $100(Sgd) a month
Question: Why should salaries go up? Because the whole world is gripped by food inflation (rising food prices). But in the 20th century, this was not the case in all countries. For example, in the Soviet Union, which is hated to death all over the world, prices were constant, there was no inflation. For 3 Soviet rubles, you could buy something that you couldn't buy for 300 Russian rubles.
There weren't anything in the stores my good friend
@@mazeneladl883 The shortage of food began after the death of Stalin and the coming of the Ukrainian Khrushchev to power. Half of all output was held by the government. But Khrushchev, who by the way handed over Crimea to Ukraine, wanted to catch up and overtake America in the production of butter through corn, but it ended almost with famine.
@@maxikstreed3166 Oh you're a Russian.
@@aurexify And what? Americans and Ukrainians are not able to write so much text about any Soviet leader?
@@maxikstreed3166 Huh? I could copy-paste you the biography of Joseph Stalin and nothing would happen to me.
Wow west asia is so good 😍😍💯💯❤❤❤❤👍🏻👍🏻👍🏻👍🏻 so sad for syria 😢😥😥 i wish they recover fast
Usa 's per capital 65k usd/ per year.. but monthly w only 3,5 times China
I think it's not average wage but it's minimum wage.
Taiwan's minimum wage has been surpassed $700 for a couple of years actually
Awesome Korea 🇰🇷 👏
Japan is better
I’ve been 2 times in Seul, for exchange in my factory, and it’s damn great and clean, hope the best to korea and their peoples 🇮🇹❤️🇰🇷
@@R_.709 according to OECD data, korea better than japan
@@user-wj1kb5fj8v Korea has the highest elder poverty rate in OECD that is more than Japan which is considered the oldest country in the world.
@@theburden9920 This video deals with minimum wage not elder poverty rate.
You change the topic. That doesn't make sense
Lo de siria es alarmante 😨
Syria, one of the worst examples of what humans can do when we are at war in the 21st century so far.
Why India minimum Wage is so low ??
Indiia has highest waje
Because channel owner is using Bihar data for India
Bihar minimum wage is 160 rupees/day
4800 in a month
In dollars = 60$
Channel owner don't the difference between India and Bihar
@@bg-rr6bx Please grasp the reality guys your country is still poorer than england despite having near 20 times more population. IF YOU BELIEVE THAT BIGGER NATIONAL GDP MEANS BETTER QUALITY OF LIFE, THEN YOU ARE SO WRONG.
@@Hello-oe7wg Check the Gdp 2022
India GDP is more than uk. By 2050 India GDP is going to be 10 times more than uk.
@@Hello-oe7wg Indian company tata employee more than 1 lakh Britishers in uk. Most of the billionaires in uk are Indian. India is going to be 10 times richer than looter Kingdom by 2050. Currently Our GDP ppp is 4 times more than looters Kingdom (UK)
Jeez, per MONTH? :/
Are these numbers legislated in each place assuming a 40hr work week?
A lot of these countries have an incredibly low cost of living ( I'd call it surviving rather than living in some of those countries). Necessities just don't cost as much in those countries compared to developed countries so that kinda justifies the wage. In China, breakfast typically costs about $1-3 for most people, and for $5 you can have a nice but average 1-person meal (1-2 entrees and 1 bowl of rice), but that doesn't mean what they're eating is trash, it just means that things don't cost as much and are priced proportionally to what they earn.
In the free world, it’s hourly
@@coasterhockygamingboy9549 I don't think any country has a minimum wage of more than US$15.
@@terrylin6758 $1-3 is a lot of money to buy breakfast in China. Young people with good urban jobs would probably spend money like that. Others really just cook for themselves coasting literally less. 0.5cents to US$2 makes more sense. You certainly have you own petit bourgeois bubble to think that everybody would actually buy breakfast everyday lol.
Ah yes the “shocked” first world reaction
Them: including USA
Me: oh wow I didn't know United States of *_America_* was in *Asia*
Induia bestes country
アメリカは州の最低賃金がもっと高いでしょ。
Sad for russia,vietnam and cambodia😓😓
Yes...
And Bangladesh
i have the highest wage.
Indiia has high wage
India no.1
Now I'm trolling you in every comment of your gonna cry?
@@Shikhar_Pandey916 India no.1 bro😭
@@leoray2859 LOL your laughable right now 🙃
@@Shikhar_Pandey916 yep India superpoor💪🏻😈
🇹🇷🇹🇷🇹🇷🇹🇷
Give me more money, baby!👌🏽👌🏽👌🏽👌🏽👌🏽👌🏽👌🏽
Why are you remarked Taiwan with China as it it is part of it like Hong Kong? You should mark it Taiwan with ROC or just write republic of china. This is so disrespectful to us!
Dont be sad.. i love 🇹🇼 Taiwan is independent country i visits 5time in Taiwan it so good!! From korea
@@hans4044 South Korea broke off diplomatic relations with "Taiwan" in the 1990s...
Taiwan belongs to china
South Korea highest
Can I ask how much is the salary of structural engineer in Korea?
@@joeshen2232 I think it's at least $60,000.
@@giovannigiorgio3107 At least? You mean US dollar ,right? By the way, Does your country accept Commonwealth registered engineers?
@@joeshen2232 If you're talking about the Anglophone Commonwealth countries like Canada, Australia, New Zealand, and UK, then yeah they would accept that too as long as you have the degree + experience as an engineer & fluent in English with Visa. It's in US Dollars.
@@joeshen2232 you should go in Switzerland, they have one of the highest salary in the world.
In Russia 285$
😂
Pakistan 🇵🇰 is going through worst time rn 💔 hope to see a rise soon
Actually he's using Bihar minimum wage for India which is 60$ for month
From wiki
Though stipulated by law, it varies from 160 rupees ($2.27) per day in Bihar, Rs. 348/day ($4.94) in Mumbai (2017) 750 rupees ($11) per day in Kerala. State governments set a separate minimum wage for agricultural workers.The minimum wages are set according to Minimum Wages Act, 1948.
Inbia has infinitf ggp
India minimum $3,300?
@@haruyanto8085
$178 - minimum wage
$600 - average wage
@@pajeetisraelcomputer8985 Not infinite but better than your country.
No, it’s the minimum wage for the entire India. By your info, the minimum wage for Bihar is $45 far from the average minimum wage mentioned in the video ($2.27 per day, 20 days in a month).
I don’t know what those flags are they didn’t teach about countries in American school
Usa per capital 65k usd/ per year.. but minium wage per month only 1k2 usd ×12 month = 14k usd.. lol so real per capital in Usa only 14k usd only 3,5 times China lmao
That's minimum wage
Depend of states. I search jobs in USA, the minimum that i found is 3.800$ at month. I never see jobs paid less than 2000$ in the states.
@@energyhyd3796 it’s minimum baby. Also you can not search any job pays less than 318 in China.
@@lbchen6160 because of immigrants baby, for example if Chinese come in america, will get minimum wage, it’s how work for no-American peoples
@@anujpandita3387 but it too low comparion with 65k usd... per capital
China's economy was huge until l realise their population...
In a way it was shocking for me finding out Vietnam having almost 100 million people…
@@nehcooahnait7827
Fewer than the Philipines while the land area is larger
Oh it's muh population argument again. Have you also checked the economic o and population size of India, yet?
Iraq’s economy would be so much better if it’s geography were different
Wrong information about bangladesh 😂😂
Taiwan （China）No change since 2007, what happened in the past 15 years?
Manufacturing decoupling from Taiwan to Mainland China. they had to compete with much cheaper labors in mainland China since the early 2000s, which led to wage stagnation.
@@nehcooahnait7827 that’s excuse… why Singapore, Japan and Korea can transfer/upgrade their industry successfully?
Taiwan Cultural Revolution, purge the opposition, remove Sinicization
If Taiwan is not a member of some non-memory and foundry-oriented semiconductor companies led by TSMC, there are many people who are always living on low-variable low wages. In fact, at this point in time, it's the area where you can say that there's the biggest gap between the actual income level and the superficial benefit of exchange rate fluctuations, like the GDP or the ppp. This is because no matter how strong the Taiwanese dollar has become in terms of the US dollar since last year, the harsh reality does not change.
That’s because the sources picked for this video.
Taiwan’s official minimum wage in NT:
2007 $17,280/m $95/h
2022 $25,250/m $168/h
46% 77% growth rate
In USD monthly wage has 60% growth
Most companies pay more than that in order to hire people actually.
Some sources don’t include Taiwan at all. Some put (China) like this one on purpose. Taiwanese are used to it.
Besides… except for buying houses, everything is pretty much cheep in Taiwan. … rent, tax, medications, education, food….
according the colour, s.korea and israel have the highest minimum wages in asia
Do you mean Palestine?
If I’m getting paid 20 dollars or less a month I’m swimming to Ireland immediately
hah.hah.hah.
@Hyderabad Ball mapping Yes hah hah hah.
the most important is the value for the money in your country
I thought japan higher than korea..
Five years before, Korea has surpassed Japan in both minimum and average wages.
So, do not come to Korea for working.
Please Go to Japan for Working. They will give you more salary OK?
Damn japan
In India cost of living is very cheap
you cant accept it, you must protes to your government
In india is 350 rs. Per day which means 4.5 dollar and 30*4.5 = 135 dollar per month minimum wage. Check your facts. You are not giving india's detail you are giving details of bihar particularly.
I don’t think people work 12 hours a day for 365 days a year in India.
@@WawamuStats dumbo there are people who doesn't work in usa here monthly minimum wage means a person who work for a month will definitely get this much wage.
@@WawamuStats and indians have 40 % people in agriculture that's why there wage is minimum. Otherwise those who are business man are sleeping in money bed.
@@WawamuStats uplod video about indua ples
I didn't think even it is right I live in bihar .
Minimum wage of our family would be around $500 by that we are rich in bihar but Minimum wage of bihar would be $150.
Even you go to rural area you can see people are wealthy like urban people.
Induia number 1
Some of the things that we can see in this video: South Asia is all really unanswered from an economic point of view. And it turns out that China is a country where the minimun wage level is not much different from that of Turkey, Iraq, or Jordan, except for very few Communist Party members or their family members, acquaintances, and high-ranking officials. Finally, Taiwan has had a lot of economic bubbles over the past two years due to the temporary boom in the foundry and non-memory markets, and the strength of the Taiwan dollar against the US dollar is still at its highest level since 1995, indicating that the overvaluation of the now gdp is really severe. In the end, still their actual net income and average wage level are quite low.
India is headed by upper caste hindu zealots who don't want low castes to have upward mobility. Upper caste/dwija born(-25% population) are a minority, still they hold close to 70% wealth, they are also the force behind hindutva movement.
They built-up a $30 million temple in new jersey, instead of paying americans' labourers their worthy amount, they brought low caste slave people from india and gave them abysmal amount, almost close to slavery.
India is almost an apartheid in strict sense, villages are segregated on basis on castes and you can almost spot the difference by looking at quality of houses. Upper caste villages almost resembles like urban dwellings while low caste villages are like slums.
It's sad actually.
@sky sky what? Wtf are you talking about?
This video is about the minimum wage, not the average wage. This shows that Turkey has an average age as great as China. I don't know if you didn't understand the title or if you are giving us a new data
nope the wealthiest people in China r the capitalists, most party members r just regular person, it seems the foreigners like u guys know nothing about us; yes there r plenty capitalists in China, most of ur belongings r made by them, rather than by government or party
@@Aman-qr6wi stop this castiest shit . You have no damn idea of being targeted by Islam and Christianity . 25 percent population hold 70 percent wealth what rubbish . Indian wealth was looted for centuries by Muslims and British . Instead of being aggressive towards them you are showing you are defaming India and if you really really don't want to live in India then try to leave in future .
Fake
Why did u label taiwan as china-
Show the real map of india 🇮🇳
💩
Taiwan NO.1
中国最低工资应该是300-400美元左右！每个省份制定的最低工资都不一样！中国沿海省份的月薪中位数应该是800-1000美元！内陆省份的月薪应该是500-800美元！在亚洲工资比中国人高的都是发达国家！中国应该是发展中国家中工资最高的！
是的，中国的工资水平差不多就是发展中国家的顶峰了，今年预计能超过波兰
其实内地还有很多地方是1500元最低工资的。
@@pepey1253 那个省份有一千五，你说出来看看？
@@user-nv6lt9rv3y 安徽最低1340，辽宁1420，广西1430，吉林1540，湖南1550。
@@user-nv6lt9rv3y 真没你写的这么高，就看下湖北今年官方公布的，最低工资标准分四个级别。武汉市主城区是月薪2010；武汉市郊区及湖北老二老三襄阳宜昌的几个区是1800；一般地级市辖区是1650；大部分县是1520
The premiere of China said that the average monthly income of Chinese people is only 2000 yuan 🤪🤪🤪
Which year?
@@Muralidharan001 last year
@@jacktam7673 so what is minimum wage in China?
@@Muralidharan001 China technically doesn’t have a national wide minimum wage. Local government makes their own “guiding minimum wages” that is not particularly binding.
@@Muralidharan001 he is a mindless troll buddy.
Korea♡japan ♡taiwan
I really like japanese and taiwanese culture! These three country have high minumum wage!! I like it
You're a bit of delueded. Taiwan's society nowadays is "pozzed"(aka "woke") beyond believe, it's the most pozzed society among all Asian nations (thanks to USa). G/a_y marriage, gender-fluid toilets, rampant l+g*b//t parades, systematic homosexual "education" in public schools..., you name it, have them all. And Taiwan's birth rate is even lower than Korea, Taiwan has the lowest birth rate of entire world. Money is not everything.
I live in Taiwan.
We were once united.
Some poeple do not understand high minimum wage means. It means high inflation! It doesn't mean "Hey, everyone is able to buy a house and living the life."
@@ChuckyDoll79 Nope, high minimum wage generally correlates to higher standard of living. Furthermore, an influence of inflation is clearly not shown through the mapping since all currency has been exchanged to US dollar to examine their actual worth. Hence your reasoning seems just like an poor excuse to justify the 3rd world's poor minimum wage.
@@Hello-oe7wg Highier standard of living = more expensive to reach that new standard of living = more inflation. We are saying the same thing.
Taiwan is "Taiwan", not Taiwan(China).🥲
The creator afraid his social credit go down, so he mention taiwan is part of china
Maybe he is saying Taiwan(republic of china)🇹🇼
Minimum wage just a standard in the law, the real average income is the gdp per capita
Hong Kong & Taiwan laughing at China right now
Both are heavily dependent on China
A Chinese professor said that 2000 yuan is much higher than 3000 US dollars 🤡
Ekonomy
Please use its formal name: Chen Ping Inequation
@@spqr950 Yes 👍🤡, sounds like “ champion inequation “
典中典之陈平不等式🤣
@@jacktam7673 india no 1
But India will be the best country! 🙏🙏🙏
Your country is nationalist butthole
Unfortunately we are still poor. Yes we are world's fastest growing economy, but still a huge way to go....
But Pakistan's minimum wage is more then double of India
@@AG-mp7ww we aren't even the fastest growing economy, only the fastest in the top 20, or G20 which comprises the major economies
Because basic needs good are cheap in india
In a dollar you can purchase decent