Editing Minimum wage (section)

===Lebanon===

After two years of constant financial meltdown, Lebanon as of 2021 is ranking as one of the 10 countries in the world with the lowest minimum wages because of the collapse of the local pound following the Lebanese financial crisis that started in August 2019.<ref>{{cite news |last1=Xinhua |title=Lebanon ranks among countries with lowest minimum wages |url=http://www.xinhuanet.com/english/2021-02/26/c_139767728.htm |access-date=16 April 2022 |agency=Xinhua |issue=26 February 2021 |publisher=Xinhua |date=26 February 2021 |archive-date=16 April 2022 |archive-url=https://web.archive.org/web/20220416183921/http://www.xinhuanet.com/english/2021-02/26/c_139767728.htm |url-status=dead }}</ref>

The minimum monthly wage set at LBP 675,000, which valued USD 450 prior to the crisis, is barely reaching USD 30 nowadays.<ref>{{cite news |last1=WION Web Team |title=Lebanon families spending five times minimum wage on food alone |url=https://www.wionews.com/world/lebanon-families-spending-five-times-minimum-wage-on-food-alone-study-399497 |access-date=16 April 2022 |agency=WION Web Team |date=22 November 2021}}</ref> The currency has lost nearly 90% of its value and drove three quarters of residents into poverty.<ref>{{cite news |last1=Goyeneche |first1=Ainhoa |title=Lebanon's inflation rate is worse than Zimbabwe's and Venezuela's |url=https://www.aljazeera.com/economy/2021/9/21/lebanons-inflation-rate-is-worse-than-zimbabwes-and-venezuelas |access-date=16 April 2022 |agency=AlJazeera |publisher=AlJazeera |date=21 September 2021}}</ref>

Article 44 of the Lebanese Code of Labor states that, "the minimum pay must be sufficient to meet the essential needs of the wage-earner or salary-earner and his family," and according to Article 46, "the minimum pay assessed shall be rectified whenever economic circumstances render such review necessary."<ref>{{cite news |last1=Ramadan |first1=Tala |title=Lebanon's average salary plummets 84 percent over 12 months |url=https://english.alarabiya.net/News/2021/02/28/Lebanon-s-average-salary-plummets-by-84-percent |access-date=16 April 2022 |agency=AlArabiya |publisher=AlArabiya |date=28 February 2021}}</ref>