The initiative to increase wages in a referendum on September 27th was supported by 58% of residents of the Canton of Geneva, as well as local trade unions.
The minimum wage in the Swiss canton of Geneva will be raised to 23 francs ($25) per hour from November 1. This was announced by the CNN TV channel.
Thus, the canton will earn $200 per eight-hour working day, which in hryvnia equivalent exceeds the minimum wage in Ukraine for a month.
The initiative to increase wages in a referendum on September 27 was supported by 58% of residents of the canton of Geneva, as well as local trade unions.
The Canton authorities claim that Geneva will now have the highest minimum wage in the world. In their opinion, this will help to overcome poverty, promote social cohesion, and respect for human dignity.
As reported, in Switzerland, the canton’s Zug administration allowed taxes to be paid in crypt currency, namely Bitcoin and Ether. Until the end of the year, payment of taxes in the cryptovoltaic currency will be a test, and from 2021 the option will be valid on a permanent basis.