Mr Charrat said: “Covid showed that a certain section of the Swiss population cannot live in Geneva… 4,000 Swiss francs a month (£3,362) is the minimum to stay above the poverty line.” Rents in Geneva are often more than 2,000 Swiss francs a month, he added. The Telegraph values your comments but kindly requests all posts are on topic, constructive and respectful. They argue that immigrant workers have pushed up housing costs and lowered wages. It rates London ninth. While calculating a country’s minimum wage, it is worthy to note that the final estimate doesn’t include taxes, annual leave, sick pay, employees’ social insurance contributions, public holidays and several other contributions depending on … Minimum wage can be paid on an hourly, daily, weekly and monthly basis. Jura and Neuchâtel have both introduced a minimum hourly wage of 20 Swiss francs (£16.85). Michel Charrat of the European Cross-Border Group, which supports cross-border workers, told France 3 television that the vote result marked a “movement of solidarity” with the poor that would help “restore a certain balance among the people of Greater Geneva”. Soldier Threatens Driver On Kaduna Road: “I Will Kill You &... Africa Cup Of Nations Qualification Results For Wed. Nov. 11, International Friendlies Results For Wednesday, November 11, ASUU Breaking News This Morning, November 12. It also exceeds the world’s current highest minimum wage of over £11 per hour in Australia. Worldbestinfo is the world largest general information site. At Worldbestinfo, the privacy of our visitors/users is extremely important to us. London is not among the 10 costliest cities in the survey. At the height of the coronavirus crisis, queues more than half a mile long formed at food banks. But Swiss voters rejected a proposal to end free movement from EU member-states in a national referendum on Sunday. A minimum wage is the least expected pay that a worker is due to receive or is expected to receive. Geneva is set to introduce a minimum wage of $25 per hour -- reported to be the highest in the world. Voters in Geneva, Switzerland, have agreed to introduce a minimum wage in the canton that is the equivalent of $25 an hour — believed to be the highest in the world. This shows a comprehensive list of the highest minimum wage in the world. Top 10 Countries with the Highest Minimum Wages in the World. Enter your email address to subscribe to this blog and receive notifications of new posts by email. As a Multi-Author Created by Aniekeme Unyah, worldbestinfo provides unique and accurate information to help solve problems in different areas of life. 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The measure will benefit some 30,000 low-paid workers, two-thirds of them women, many employed as cleaners or in restaurants or hairdressers. Georgia 2020 election results: What's happening with recounts and Senate runoffs. This depends on the countries pattern of payment. From October 17, the minimum hourly wage will be 23 Swiss francs (almost £19.50), more than double the rate in neighbouring France or in the UK. However, this article brings to your perusal a list of the top 20 highest minimum wages in the world, indicating their actual minimum wage in an hour, annual earning of workers as well as the current population of each of the countries. Switzerland has Europe’s highest average annual wage of more than £57,000, compared to nearly £35,500 in the UK, but the prosperous Alpine country sets no national minimum wage. Left-wing parties in Switzerland argue that introducing a minimum wage is a better way to address the rising cost of living than limiting immigration from EU member-states, as proposed by Right-wingers. Rising global inequality has made minimum wages a hot topic in countries around the world, as governments attempt to ensure low-paid workers have the chance to escape relative poverty. We rely on advertising to help fund our award-winning journalism. Geneva is to introduce a minimum monthly wage of nearly £3,500, the highest in the world, in response to growing poverty since the coronavirus outbreak. More than 300,000 of Switzerland’s workers live in neighbouring France, where costs are lower. However, this article brings to your perusal a list of the top 20 highest minimum wages in the world, indicating their actual minimum wage in an hour, annual earning of workers as well as the current population of each of the countries. Our content developers go through thorough research before coming up with each article and they are never misleading. Geneva will be the third Swiss canton to adopt one. Geneva has been hit particularly hard by the Covid-19 pandemic because it relies on revenue from tourists and business visitors. Please review our, You need to be a subscriber to join the conversation. This is the latest effort in Switzerland to ensure people are able to live decently from their salary. Also Read: List of Minimum Wage in African Countries, All countries A-Z, Here is the Top 20 Highest Minimum Wage in the World, Also Read: Highest minimum wage in Africa. Sorry, but the page you are looking for doesn't exist. This privacy policy document outlines the types of personal information collected by the worldbestinfo blog. Countries With The Highest Minimum Wages In The World In 2020 by domino4211(m): 8:07am On Oct 02 If you're planning to migrate for economic and financial purposes,these are the countries where you stand to make much money depending on how hardworking and skilled you are. The canton’s 500,000 voters approved the minimum wage, proposed by Left-wing parties, by a 58-per-cent majority in a referendum, after rejecting it twice in 2014 and 2011.