According to Velocity Global's 2024 report, the Philippines, Indonesia, and Vietnam rank among the top 10 countries with the lowest minimum wages worldwide. This ranking is based on the lowest regional minimum wages recorded in each country.
The Philippines ranks 5th globally, with a minimum wage of 128 USD per month. Indonesia follows closely with a minimum wage of 130 USD per month, while Vietnam has a slightly higher figure of 140 USD per month.
These statistics highlight significant economic challenges in these countries, where low minimum wages can impact the standard of living for many workers. The data underscores the ongoing need for economic reforms and measures to improve wage conditions to ensure better living standards for the workforce in these nations.
The report from Velocity Global provides critical insights into the economic landscape of these Southeast Asian countries, drawing attention to the disparities in wage levels on a global scale.
