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Infographic: Labour Cost Disparities

DISPARITIES OF LABOR COSTS: Interesting Infographic showing how long does it take other countries to make the equivalent of US minimum wage of USD 15,080.

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The shocking disparities of labor cost
Source: FixR


With respect to India, the calculation considers the Government recommended minimum daily wage which is about USD 2.5. In practice, a common worker shall make double to three times of this amount, which is still very less compared to high cost regions but it would make the ratio less skewed. Further, if Purchasing Power Parity (PPP) is considered, the difference between USA and India costs shall be about 6 years and 3 months.

Comments

  1. ahhahah !!! Mil siamo messi male , l'Italia non รจ neanche considerata eh eh !! Grazie Berlusconi grazie !

    ReplyDelete
  2. Haha.. Well, I'm sure Italy is better than Spain in terms of earnings, though the fiscal deficit would be very high. I think its worth mentioning to the folks at Fixr.com and see what do they say.

    ReplyDelete

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