There are 9 countries without nation wide minimum wage laws: Sweden, Denmark, Norway, Switzerland, Finland, Italy, Singapore, Iceland, and Austria.

Across these countries there are three primary methods of setting wages.

1. Collective Bargaining: In countries like Sweden, Denmark, Norway, Finland, and Italy, wage levels are typically set by negotiations between labor unions and employers.
2. Sector-Specific Agreements: Singapore, introduced minimum wages in specific sectors, cleaning, landscaping and security.
3. Regional Wage Laws: In Switzerland, there is no federal minimum wage, but certain regions (cantons) have implemented their own minimum wage laws.

Now the real question, which of these procedure the best result?

Which country has the lowest rate of unemployment?

Where do we see people progressing to higher paying jobs?

What is the average quality of life?

What is the cost of living compared to what is being earned?