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Australia's minimum wage is 54% of the median wage, compared to 38% for the U.S., according to the OECD. Australia's wage setting body sets the minimum wage for workers over 20 years of age, and takes into account the median wage in the interest of fairness. Workers with families to support need the Australian minimum wage of 16.87 Australian dollars ($13 U.S.). All of this money goes into consumer spending providing an immediate boost to the economy.
Australia Weighs Whether Its Minimum Wage Is Too High
Wall Street Journal 01/26/2015
States’ Minimum Wages Rise, Helping Millions of Workers
New York Times 12/31/2014
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