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re: Geneva Switzerland enacts $53,000 minimum wage.
Posted on 10/6/20 at 12:28 am to SEC7070
Posted on 10/6/20 at 12:28 am to SEC7070
quote:An economist was tweeting about this the other day. And he notes that salaries are so high in Geneva that this wouldn’t actually impact very many people (only about 6%), and probably wouldn’t have much of an impact on inflation. Apparently school teachers earn like $90,000 to 100,000 a year on average.
About $25 per 41 hour work week. Can you say worthless money.
Update. The story says Geneva has 200k workers who commute from France. Open borders.
So my guess is this would be the equivalent of like $10 or $12 an hour minimum wage in a lot of places in America. So it’s not as drastic of an increase as the figures themselves would indicate.
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