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5 countries with the highest minimum wages

Money is at the root of everything we do in this day and age. No matter where you are in the world, some form of money is required to sustain your existence. There are some countries with less developed economies than others, and millions of people face significant challenges just to survive. In most nations, a minimum wage has been set by the government in an attempt to ensure workers aren't exploited. However, the minimum wage does not always equate to a living wage. A stark contrast exists between the top ten highest minimum wages and the top ten lowest minimum wages around the world. From the highs of developed regions like Europe to the unbelievable lows of rural Africa, you won't believe your eyes when seeing what some people have to make do with.

1. Switzerland

Coming in at number one is none other than Switzerland. It is important to note that in Switzerland, the minimum wage is set at a Canton, or municipality, level. Geneva has set an incredible minimum wage of US$4,940 per month for its residents.

2. Australia

The land down under comes in at second place on this list with a monthly minimum wage of US$2,691.04.

3. Netherlands

The Netherlands is another European country that made the list, boasting a minimum wage of US$2.543.2 per month.

4. New Zealand

The land of the long white cloud, New Zealand commands a very respectable place at number four on this list with a minimum monthly wage of US$2,525.6.