4 ms·
> Geneva has the highest minimum wage in the world I was surprised when I read this, but I Googled, and it looks true. Minimum wage in Geneva is 24.59 CHF per
by throwaway2037 4mo ago
> Geneva has the highest minimum wage in the world
I was surprised when I read this, but I Googled, and it looks true. Minimum wage in Geneva is 24.59 CHF per hour. Wow! With 1.5 working parents, you can definitely live on 1.5 * 2000 * 24.59 CHF = 73,770 CHF (92.5K USD) per year in Geneva. (To be clear: I am not writing this sarcastically. I think 74K CHF per year will definitely not be "working poor" in Geneva.)
- throwaway85825 4mo agoNominal is an utterly useless metric. The value of something is what you can get for it in trade.