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Geneva introducing a minimum wage of $25 an hour
- commonturtle 6y agoSwitzerland is an expensive place. PPP adjusted it probably ends up being ~$15/hr, similar to Seattle, etc.
- pydry 6y agoGeneva companies might have to brace for the hit to profit margins: https://www.researchgate.net/publication/30522170_The_Impact_of_the_National_Minimum_Wage_on_Profits_and_Prices_Report_for_Low_Pay_Commission https://www.researchgate.net/publication/30522170_The_Impact...
- nefitty 6y agoI wonder how Geneva will deal with lowered suicide rates. https://www.reuters.com/article/us-health-suicide-wages/higher-state-minimum-wage-tied-to-lower-suicide-rates-idUSKCN1RV17R https://www.reuters.com/article/us-health-suicide-wages/high...
- AaronNewcomer 6y agoThe first sentence there says that states that increase their minimum wage see suicide rate growth.
- setr 6y ago> Suicide rates grow more slowly in states that increase their minimum wage, according to a U.S. study that suggests this might be one strategy for curbing deaths by suicide It implies rate growth is common, but higher wage reduces that growth
- anm89 6y agoThis is a totally dishonest way to frame this. The conversion rate between the two currencies is not the meaningful metric, it's the purchasing parity. Junk, click bait, economics.
- crossroadsguy 6y agoWhen I was backpacking in Europe, on a budget, Venice felt expensive (I had gone there for Biennale; also the city was nothing like I'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. Then, tumbling around, one day I ended up in Switzerland. You'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's why too artificial) for me. Maybe I didn't go to the right places or with the right budget. Left Switzerland aside for when I will be filthy rich.