Germany is one of the European countries which pay the highest remuneration to their workers according to Eurostat. Hungary, Poland, Slovakia and the Czech Republic are among the lowest paying countries.
Hungry pays 9.1 Euros per hour to their workers which equates to $10.56 (7.90 pounds) which is higher than national minimum wage in the United Kingdom which is set 7.83 pounds per hour.
Labor cost or wage per hour in Poland is slightly higher than Hungary which is 9.4 Euros, per hour wage in Slovakia is 11.1 euros and in the Czech Republic is 11.3 euros.
However, Czech Republic has the lowest unemployment rate in the entire European Union, the country of 10.6 million is hoping to get better bonuses and higher salaries. Josef Stredula, the head if the country’s largest Umbrella union said, in the next 3 to 4 years we are expected to see real wage growth of 3 to 5 percent per year.
The data from Eurostat however, doesn’t actually reflect the minimum wages, the minimum wages in all the European countries are much lower almost 3 times lower than reflected wages in the graph.
So the minimum wage can be calculated by dividing the number with 3 it will give you the rough idea of the minimum wage.
But Germany still wins the race; Germany pays a minimum of 1498 Euros to their workers at the minimum rate. The United Kingdom, though it’s not in the EU anymore, pay the second highest wage rate to their workers or you can say more or less the same as Germany.