The minimum wage has a great importance in order to guarantee the appreciation of labor income and to create a minimum standard of remuneration. Thus, the minimum wage can also be seen as an indicator of well-being, although a higher wage does not necessarily mean a better quality of life. Based on this, check out which Latin American countries have the highest minimum wages in the region:
10. Peru (433.59 $)
9. Guatemala (472.80 $)
8. Ecuador (489.34 $)
7. Mexico (503.53 $)
6. Bolivia (522.62 $)
5. Honduras (530.52 $)
4. Uruguay (617.24 $)
3. Chile (671.50 $)
2. Panama (755.12 $)
1. Costa Rica (761.64 $)
Source: Numbeo
Image: Pixabay
