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The New Minimum Wage In Switzerland Is 21 Euros

The new minimum hourly wage in Geneva, Switzerland is around 21 euros. Voters approved the referendum on hourly wages on Sunday.

The New Minimum Wage In Switzerland Is 21 Euros
Yazar: Tom Roberts

Yayınlanma: 29 Eylül 2020 02:21

Güncellenme: 23 Kasım 2024 11:47

The New Minimum Wage In Switzerland Is 21 Euros

The new minimum hourly wage in Geneva, Switzerland is around 21 euros. The unions are convinced that living in dignity is not possible in the city on Lake Geneva. Voters approved the referendum on hourly wages on Sunday. For a full-time job with the 42 hours usual in Geneva, this corresponds to 3800 euros gross per month. In Germany, the minimum wage is 9.35 euros and the average gross salary of a full-time employee is just under 4000 euros. However, the cost of living in Switzerland is also much higher. This is particularly true of Geneva, the European location of the United Nations with thousands of well-paid civil servants. Milk, bread, eggs, cheese, salad and beer are more than twice as expensive in Geneva than in Germany. Unlike in Germany, there is no health insurance subsidy for Swiss employers. In addition to the fees, there is a high personal contribution for visits to the doctor and medication. The median income in Switzerland is the equivalent of around 6,000 euros - that is, half of wages and salaries are above, the other half below.
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