The Graphic Truth: Minimum wages around the world

The Graphic Truth: Minimum wages around the world

The debate in the United States about whether to raise the federal minimum wage to $15 per hour has ramped up again, as Democrats try to tack the measure onto the Biden administration's massive coronavirus relief package currently making its way through Congress. While most Democrats support the measure, it's still unclear whether they will have enough votes to pass the wage hike in the Senate, where some moderates may oppose it because of concerns about its effect on employers. So where does the current US minimum wage of $7.25 per hour fit in when measured against other advanced economies? We take a look at national minimum wages as a percent of the median wage around the world — that is, the mid-income level in a given country, which shines a light on the standard income of the middle-class.

A Walmart employee with a big smile wearing an employee vest

Since 2018, the Live Better U program has helped prepare more than 52,000 associates for careers at Walmart or wherever their professional ambitions take them. Now, Walmart will pay 100% of college tuition and books for eligible associates. This means approximately 1.5M associates can earn college degrees or learn trade skills without the burden of education debt. Learn more.

The Taliban’s never-ending crisis

Afghanistan has now become what the UN is labeling the planet’s worst humanitarian disaster. Indeed, last week the world body issued its largest-ever donor appeal for a single country to battle the worsening crisis there, caused by freezing temperatures, frozen assets, and the cold reception the Taliban have received from the international community since they took over last summer.

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What We’re Watching: China's problems, UAE vs Houthis, Nord Stream 2 split

China's mounting problems. Xi Jinping is not off to a good start in 2022. First, Chinese economic growth slowed down to 4 percent in the last quarter of 2021, almost a percentage point less than the previous period. While annual GDP was up 8.1 percent year-on-year, beating government expectations, the trend is worrying for the world’s second-largest economy. Second, annual population growth fell in 2021 to its lowest rate since 1949, when the ruling Communist Party took over. Although Xi probably saw this one coming, he's running out of ideas to encourage Chinese families to have more children — which the government needs in order to sustain growth and support the elderly over the long term. Third, and most immediate: the upcoming Beijing Winter Olympics canceled ticket sales for domestic spectators — foreigners were not invited — as the more transmissible omicron variant has driven up COVID infections in China to the highest level since March 2020. It's only the latest sign that Xi's controversial zero-COVID policy is setting itself up for failure against omicron without mRNA vaccines. What'll it take for China to reverse course?

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Hard Numbers: Tongan volcano, Ukrainian cyberattack, Zemmour fined over hate speech, NK-China border reopens

100,000: We're still waiting for news from the Pacific nation of Tonga, two days after a massive underwater volcanic explosion triggered a tsunami that was felt thousands of miles away and sent a plume of ash 100,000 feet into the sky. With communications mostly cut off, Australia and New Zealand have sent airplanes to assess the damage.

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Iran’s nuclear program runs hotter

Talks between Iran’s government and world powers over the future of Iran’s nuclear program continue. The US and Iran are still not communicating directly; Britain, China, France, Germany, and Russia are shuttling between them.

The good news is that they’re all still talking. The bad news is that, after eight rounds of negotiations, the main players haven’t agreed on anything that would constitute a breakthrough.

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Omicron is here. The bad news is that it's more contagious. The good news is that mRNA vaccines work against death and hospitalization. COVID may soon become endemic in some parts of the world.

Not in China, where Xi Jinping's zero-COVID approach faces its toughest test to date with omicron. Why? Because China lacks mRNA jabs, and so few Chinese people have gotten COVID that overall protection is very low.

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January 6 laid bare "the deep divisions, the partisan infighting, the polarization within our society," says Fiona Hill, the former US senior director of the National Security Council. In a GZERO World interview, she spoke with Ian Bremmer about her concerns about the state of democracy in the United States.

Hill famously testified against her impeached boss, Donald Trump, who stayed in power after being acquitted by the Senate of abuse of power and obstructing Congress. She also notes that divisions actually make America look weaker on the global stage — particularly to someone like Russia’s president Vladimir Putin.

Watch this episode of GZERO World: American strife: Will US democracy survive? Fiona Hill explains post-Jan 6 stakes

Kevin Allison, director of geotech at Eurasia Group, is concerned about the rise of very powerful tech companies disrupting centuries of geopolitics led by the nation-state.

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