Via a Timothy Taylor blog post, the following couple of graphs:
And an important priviso:
Moreover, minimum wages across countries should also evaluated in the context of other government spending programs or tax provisions that benefit low-wage families.
None of this is to say what minimum wage is right or wrong, or what set of social and economic policies are right and wrong. It is instead to note that, relative to mean and median income, NZ’s minimum wage is very high by international standards. Make of that whatever you will – and do so in the comments if you like.
My views on the minimum wage will appear at another time – far in the future. For now all I want to share are graphs.