Global Economic Benchmarks Flashcards
1
Q
What are some countries that provide free college education?
A
Brazil, Finland, France, Germany, Norway, Sweden
2
Q
What countries have a minimum wage larger than that of the United States in 2017, after income tax is subtracted.
A
According to the World Economic Forum, The United States minimum is $6.26 / hour after tax is removed. Higher than the U.S. in 2013 were:
- Australia
- Luxembourg
- Belgium
- Ireland
- France
- New Zealand
- Germany
- Canada
- UK
While the U.S. is the most wealthy country in the world, it only pays the 10th highest minimum wages. in 2017, the states of Missouri, Iowa, Kentucky, and Maine decided to REDUCE the minimum wage.
