Minimum wages relative to median wages

This dataset contains annual data on minimum wages relative to median wages of full-time workers. For cross-country comparisons, data on minimum wage levels are further supplemented with another measure of minimum wages relative to average wages, that is, the ratio of minimum wages to median earnings of full-time employees. Median rather than mean earnings provide a better basis for international comparisons as it accounts for differences in earnings dispersion across countries. Data coverage begins in 1960.