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re: Geneva Switzerland enacts $53,000 minimum wage.

Posted on 10/5/20 at 9:14 pm to Mo Jeaux
Posted by iheartchimichangas
Member since Jul 2016
748 posts
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Posted on 10/5/20 at 9:14 pm to Mo Jeaux
quote:
Why is it worthless?


If everyone makes 53k then inflation occurs as employers have to offset the additional payroll costs
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Posted by Lima Whiskey
Member since Apr 2013
19408 posts
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Posted on 10/6/20 at 12:07 am to iheartchimichangas
We should ask, what were people making before this?

It doesn’t matter much if they were earning 50k, for example.
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