The Swiss city has the highest minimum wage institution in excess of $ 4K a month

One of the wealthiest cities in the world is setting a minimum wage which the proponents say is only relatively luxurious.

Geneva, which is in the top five for most metrics living in the world’s most precious places, approved a minimum wage that would be considered lavish elsewhere, but aimed only at getting food on the table for its poorest workers To do.

CNBC reported that the Swiss city had a two-thirds majority vote on Sunday, giving a minimum salary of 23 Swiss francs ($ 25) for a 41-hour workweek. This somewhere adds up to a limit of $ 4,100 per month, or $ 53,300 per year, making it the lowest minimum wage ever.

In comparison, the federal minimum wage in the US is $ 7.25 per hour – with a state-by-state stipend that is, in the case of Oklahoma, the basic minimum rate of $ 2 per hour in some employment cases. Across the Swiss border, in France, the minimum wage is less than half that of Geneva, The Guardian reported.

According to an organization representing workers across the border from France and Switzerland, the measure will be executed this month.

The group, in a brief post, praised the decision and said that the opposite could result. About 200,000 cross-border workers. “Opponents of the new minimum wage argued that this would lead to termination of jobs and increase unemployment.

Voters first rejected the measure twice in 2011 and 2014.

The current epidemic has shed new light on the current problem of poverty in Geneva, which Coronovirus has largely eliminated. Last month, television channel France 3 reported that despite the city’s rich reputation, thousands of people recently stood in line at the crack of dawn to get free food. According to the Federal Statistics Office of Switzerland, about 8% of the Swiss population lives in poverty.

“[It] It is surprising to see how this population was immediately separated from the crisis, ”the city’s principal coordinator of Geneva’s crisis response, Isabel Widmer, told France 3.


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