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Geneva introducing a minimum wage of $25 an hour

30 pointsby betocmnover 4 years ago

4 comments

commonturtleover 4 years ago
Switzerland is an expensive place. PPP adjusted it probably ends up being ~$15/hr, similar to Seattle, etc.
crossroadsguyover 4 years ago
When I was backpacking in Europe, on a budget, Venice felt expensive (I had gone there for Biennale; also the city was nothing like I&#x27;d imagined from those films). Anyway, for me and my home currency everywhere was expansive in Europe, so what I mean is Venice felt particularly expansive.<p>Then, tumbling around, one day I ended up in Switzerland. You&#x27;ve got to use up that rail pass after all. I left Switzerland within a a day. It felt too artificial and out of reach (maybe that&#x27;s why too artificial) for me. Maybe I didn&#x27;t go to the right places or with the right budget. Left Switzerland aside for when I will be filthy rich.
anm89over 4 years ago
This is a totally dishonest way to frame this. The conversion rate between the two currencies is not the meaningful metric, it&#x27;s the purchasing parity.<p>Junk, click bait, economics.
pydryover 4 years ago
Geneva companies might have to brace for the hit to profit margins: <a href="https:&#x2F;&#x2F;www.researchgate.net&#x2F;publication&#x2F;30522170_The_Impact_of_the_National_Minimum_Wage_on_Profits_and_Prices_Report_for_Low_Pay_Commission" rel="nofollow">https:&#x2F;&#x2F;www.researchgate.net&#x2F;publication&#x2F;30522170_The_Impact...</a>
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