Of the G20 countries, Argentina saw the largest increase of the net minimum wage from January 2023 to January 2024, with wages increasing by almost 140 percent. This must be seen in relation with the country's soaring inflation rates. The same can be said of Turkey, where minimum wages almost doubled from 2023 to 2024.
Annual change of net minimum monthly wages in G20 countries from January 2023 to January 2024
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YoY-change of the minimum wage
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Picodi. (January 16, 2024). Annual change of net minimum monthly wages in G20 countries from January 2023 to January 2024 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1445743/minimum-wages-g20-annual-change/
Picodi. "Annual change of net minimum monthly wages in G20 countries from January 2023 to January 2024." Chart. January 16, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1445743/minimum-wages-g20-annual-change/
Picodi. (2024). Annual change of net minimum monthly wages in G20 countries from January 2023 to January 2024. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1445743/minimum-wages-g20-annual-change/
Picodi. "Annual Change of Net Minimum Monthly Wages in G20 Countries from January 2023 to January 2024." Statista, Statista Inc., 16 Jan 2024, https://www.statista.com/statistics/1445743/minimum-wages-g20-annual-change/
Picodi, Annual change of net minimum monthly wages in G20 countries from January 2023 to January 2024 Statista, https://www.statista.com/statistics/1445743/minimum-wages-g20-annual-change/ (last visited August 24, 2024)
Annual change of net minimum monthly wages in G20 countries from January 2023 to January 2024 [Graph], Picodi, January 16, 2024. [Online]. Available: https://www.statista.com/statistics/1445743/minimum-wages-g20-annual-change/