# The Correlation between Minimum Wage and Shadow Economies Worldwide

Worldwide, the inverse correlation between the strength of the shadow economy and the minimum wage is pretty strong. As the proportion of the shadow economy decreases, the minimum wage tends to go up.

# The Correlation between Minimum Wage and Shadow Economies in Oceania

In Oceania, the inverse correlation between the strength of the shadow economy and the minimum wage is extremely strong. However, the sample size if four countries so it needs more data.

# The Correlation between Minimum Wage and Shadow Economies in Africa

In Africa, the inverse correlation between the strength of the shadow economy and the minimum wage is very weak. There is no real relationship between the strength of the shadow economy and minimum wage.

# The Correlation between Minimum Wage and Shadow Economies in Asia

In Asia, the inverse correlation between the strength of the shadow economy and the minimum wage is very weak. There is no real relationship between the strength of the shadow economy and minimum wage.

# The Correlation between Minimum Wage and Shadow Economies in Europe

In Europe, the inverse correlation between the strength of the shadow economy and the minimum wage is very strong. As the shadow economy weakens, the minimum wage tends to be higher.

# The Correlation between Minimum Wage and Shadow Economies in South America

In South America, the inverse correlation between the strength of the shadow economy and the minimum wage is pretty weak. There is no real relationship between the strength of the shadow economy and minimum wage.

# The Correlation between Minimum Wage and Shadow Economies in North America

In North America, the inverse correlation between the strength of the shadow economy and the minimum wage is somewhat strong. As the proportion of the shadow economy decreases, the minimum wage tends to go up.