Posted on 10/02/2020 2:53:38 PM PDT by nickcarraway
One of the world’s richest cities is instituting a minimum wage which proponents say is only relatively sumptuous.
Geneva, which by most metrics ranks in the top five for the globe’s priciest places to live, has approved a minimum wage which would be considered lavish elsewhere but is intended to just get food on the table for its poorest workers.
The Swiss city voted in a two-thirds majority Sunday to introduce a minimum wage of 23 Swiss francs ($25) an hour for a 41-hour workweek, CNBC reported. That adds up to somewhere in the range of $4,100 a month, or $53,300 annually, making it the highest minimum wage ever.
(Excerpt) Read more at nypost.com ...
They chose poorly.
I wonder if they enforce their border.
They enforce their borders, and every home is armed with trained people.
I think there is only one place in France that is easily accessible. The mountainous nature of Switzerland makes it difficult to sneak in.
Just five days ago Swiss voters rejected a proposal from the conservative Swiss People’s Party to limit legal immigration. Switzerland enforces its borders but it has very liberal immigration policies. The vote was 62% in favor of immigration (free movement) and 38% against.
I don’t think they have “Mexican poor” there. It’s a pretty rich country. We have poor here where they really don’t.
They take it all back in taxes.
Of course it will...
Plus it will make in harder for those living on a fixed income, at least temporarily.
If they reduced the wages nationwide it would increase the value of the Swiss franc..it is simple common-sense.
It's like living in Manhattan, you make a huge salary but it costs so much to live there you are no better off...might as well live somewhere much nicer and take a lower salary.
I’ve been to Switzerland and I HATED it! The French have the reputation of being snobbish, arrogant, and unfriendly, etc. I didn’t find that to be true in France, but I did in Switzerland.
“They take it all back in taxes.”
Bingo.
I once rented a Swiss car but couldn’t get the damn thing out of neutral.
I just read that it was a Swiss-Italian from Lombard that initiated the French kings to refined cuisine.
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