1 Out of 7 South Korean Employees Paid Below Minimum Wage
kpopluv, Aug. 4, 2015, 8:38 a.m.
Nearly 15 percent of Korean workers are earning the minimum wage or less. That is one out of seven workers. The average proportion of workers earning the minimum wage or below it, among the 20 OECD member countries is 5.5 percent. The U.S. remained below average with 4.3 percent, and Japan stood at just two percent.
Korea with a staggering 14.7 percent was at the top of the list, followed by Latvia and Luxembourg. Given that the average wage for regular workers at Korea's largest companies is considered on par with global standards, the figures expose the widening income gap in Korea. The latest report is based on data compiled from 2010 to 2013. The OECD pointed out that the report may not be comprehensive, as the data did not include small businesses with fewer than 10 employees.