None of the five Nordic countries - Denmark, Finland, Iceland, Norway and Sweden - have a statutory minimum wage. High levels of collective bargaining coverage mean that workers are protected by the minimum wages set in collective agreements. In most cases minimum wages are between 50% and 70% of the average national wage and most workers on the lowest rates would benefit from additional payments. The report provides a very useful overview of minimum wage systems across Europe and summarises the main arguments of the Nordic unions against the introduction of legal minimum wages in their countries. Read more at > FAFO (EN)