Geneva Voters Agree to $25 Minimum Hourly Wage

[michiganmoon]

Just for comparison - if you adjust for cost of living standards where I live - our minimum wage is close to $20 adjusted to what you can get with $25 in Switzerland.

So to be clear, Switzerland's minimum wage is high, but it isn't as high as some people are likely thinking, because everything costs more there than most of the locations in the US.

[Steamhammer]

Originally Posted by MPowering1

If the US did so, it would:

1) force some companies to reduce staff
2) force some companies to close
3) lead to more stringent qualifications of candidates (you get what you pay for), resulting in loss of opportunity for those currently in those positions

Does this sound like a good idea to you?

You forgot #4) force companies to outsource to China

[MPowering1]

Originally Posted by Steamhammer

You forgot #4) force companies to outsource to China

Thanks for the assist. You're correct - I forgot #4.

[serger]

Originally Posted by bus man

Same thing that will happen in Geneva: goods and services will get more expensive, and people making minimum wage will be no better off, as measured by their income's purchasing power, than they were before.

The overwhelming majority are already making more than that.

[serger]

Originally Posted by michiganmoon

Just for comparison - if you adjust for cost of living standards where I live - our minimum wage is close to $20 adjusted to what you can get with $25 in Switzerland.

So to be clear, Switzerland's minimum wage is high, but it isn't as high as some people are likely thinking, because everything costs more there than most of the locations in the US.

"Everything costs more" is incorrect. Education is almost free. Health insurance (total cost) is cheaper reflecting the overall HC cost per capita.