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Geneva introducing a minimum wage of $25 an hour

businessinsider.com.au
30 pointsbetocmn7 comments
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Switzerland is an expensive place. PPP adjusted it probably ends up being ~$15/hr, similar to Seattle, etc.

When 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.

This 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.

Geneva companies might have to brace for the hit to profit margins: https://www.researchgate.net/publication/30522170_The_Impact...

I wonder how Geneva will deal with lowered suicide rates. https://www.reuters.com/article/us-health-suicide-wages/high...

The first sentence there says that states that increase their minimum wage see suicide rate growth.

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

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