Saturday, May 17, 2014

Where could you get $25 minimum wage?

source: http://www.usatoday.com/story/news/world/2014/05/16/swiss-minimum-wage/9166687/

GENEVA, Switzerland – A vote on Sunday to establish a minimum wage of $25 an hour would make mostly immigrants here in agriculture, housekeeping, and catering among the world's highest paid unskilled workforce.
The ongoing U.S. debate over the minimum wage is not unique: on May 18, the Swiss will vote on a proposal to set a minimum salary for their lowest paid workers.
According to government statistics, the average household income in Switzerland is about $6,800 a month; in the USA, where the minimum wage is currently $7.25 an hour, the average household monthly income is roughly $4,300, Census Bureau figures indicate.
"A minimum wage of 4,000 francs could lead to job cuts and even threaten the existence of smaller companies, notably in retail, catering, agriculture and housekeeping." Swiss Economics Minister Johann Schneider-Ammann told the local media recently.
As in America, the issue of minimum income is controversial in Switzerland, too, pitting employers against trade unions and left-wing parties, which sponsored the proposal.

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