Imagine you're a worker in Europe. You earn the minimum wage, but how far does your money go? The answer is not the same everywhere. Some countries have high inflation, which means your money doesn't go as far as it used to. Let's take a look at the rankings for minimum wages in Europe, adjusted for purchasing power.
In some countries, the minimum wage is not updated very often. This means that when inflation is high, workers don't get a raise to keep up with the cost of living. For example, in inflation, the purchasing power of the minimum wage is lower than it is in countries with low inflation. This is because the cost of living is higher in countries with high inflation.
Here are the top 5 countries in Europe where the minimum wage goes the furthest, according to our research:
