The country has the most generous national minimum wage in the developed world, according to a report from the Organisation for Economic Co-operation and Development.
The report ranked 27 countries that have laws setting a nationwide minimum rate of pay.
Australia's minimum wage workers -- aged 21 and over -- make 15.96 Australian dollars per hour. After tax and other deductions, that's equivalent to $9.54, once the difference in the cost of living is taken into account.
"They have a high minimum wage. And interestingly they have a low tax burden, " said Herwig Immervoll, the author of the OECD report. "Australians recognize that supporting low wage earners through the tax system is important."
Other countries have set higher hourly rates but they also tax minimum wage workers more, leaving them with less in their pockets.
The U.S. ranked 11th on the list, with a federal minimum wage of $7.25 per hour. That leaves workers with take-home pay of $6.26 per hour.
However, the U.S. would move up the rankings if state minimum wage rules were factored into the equation. Roughly half of U.S. states have rules ensuring workers are paid more than the federal minimum, Immervoll said.
The OECD report shows that a single Australian minimum wage worker with two kids could work just six hours per week to lift themselves above the poverty line, because they would also receive state benefits.
In the U.S., the same worker would have to clock in 50 hours per week to escape poverty. In the Czech Republic, it would take 79 hours of work per week.
Eight countries, including Finland, Sweden and Switzerland, were not included in the report because their governments do not set national rules on minimum pay. Many of them have strong labor unions and established arrangements for collective bargaining, which means governments don't have to step in.
Here are the top five countries for hourly minimum wages, based on the latest OECD data from 2013:
1. Australia - $9.54
2. Luxembourg - $9.24
3. Belgium - $8.57
4. Ireland - $8.46
5. France - $8.24
Countries with the lowest take-home minimum wages include Latvia, Chile and Mexico, which is bottom of the list with a rate of about $1 per hour.
equation [i'kweiʒən, -ʃən]
n. 方程式，等式；相等；[化学] 反应式
adj. 集体的；共同的；集合的；集体主义的n. 集团；集合体；集合名词
adv. 每小时地；频繁地，随时adj. 每小时的，以钟点计算的；频繁的
n. 负担；责任；船的载货量vt. 使负担；烦扰；装货于