Geneva Will Introduce ‘The World’s Highest Minimum Wage’ Of £41,430 A Year – Around £3,500 A Month – After Two-Thirds Backed It In Referendum
Geneva will introduce ‘the world’s highest minimum wage’ of £41,430 a year – around £3,500 a month – after two-thirds backed it in referendum
Swiss city held a referendum across the voter population of around 500,000
New wage, which equates to around £19.50 an hour, introduced from October 17
The alterations had been rejected by voters twice before in both 2011 and 2014
The Swiss city, which has a voter population of around 500,000, held a referendum with two-thirds backing the new measure.
The alterations, which had been rejected by voters twice before in both 2011 and 2014, will now come into effect from October 17.