[QUOTE]Switzerland, known for its high standard of living and superb watchmaking prowess, may soon claim another superlative as the country with the highest minimum wage if labor advocates get their way in the face of fierce opposition from the business community.
On May 18, Swiss voters will decide a referendum that would create a national minimum wage of 22 Swiss francs ($24.99) per hour, or 4,000 francs per month. If approved, the measure would give Switzerland the highest minimum wage in the world. The initiative was proposed by SBG, the country’s largest trade union, with support from the Swiss Socialist Party. Switzerland currently has no minimum wage written into law, but about 90 percent of Swiss workers already make more than 4,000 francs ($4,538) per month. Supporters of the measure say the minimum wage will help elevate the country’s 330,000 mostly female low-wage workers who struggle to make ends meet in the high-priced country.[/QUOTE]
[highlight][B]Source:[/B][/highlight] [url]http://www.businessinsider.com/switzerland-minimum-wage-2014-4[/url]
Pretty cool, considering that about 90% of the population already makes more than that.
It currently does not look all that good for it to pass.
Don't know why the title says raise, there currently is no official minimum wage in Switzerland.
Minimum wage here in Australia is $18 something.
$25 is certainly not bad
To Switzerland I go. To Switzerland I go. Hi ho the dario to Switzerland I go.
What I wouldn't give for a $25/hour job.
o.o
Minimum wage here is only $10.25 Cad.....
I guess it is time to apply for the [url="http://www.wikihow.com/Move-to-Switzerland"]infinitely long process of swiss citizenship.[/url]
[QUOTE=Daniel Smith;44633648]Don't know why the title says raise, there currently is no official minimum wage in Switzerland.[/QUOTE]
Raise it from being nothing obviously :v:
It's interesting that many European countries such as Germany, Austria, Switzerland, Finland, Sweden, Norway, Denmark, Iceland and Italy have no minimum wage.
[QUOTE=Daniel Smith;44633738]It's interesting that many European countries such as Germany, Austria, Switzerland, Finland, Sweden, Norway, Denmark, Iceland and Italy have no minimum wage.[/QUOTE]
It's because they don't have people there willing to work for $7 an hour. Companies have to actually pay decent wages if they want decent workers.
[QUOTE=Zenreon117;44633691]o.o
Minimum wage here is only $10.25 Cad.....
I guess it is time to apply for the [url="http://www.wikihow.com/Move-to-Switzerland"]infinitely long process of swiss citizenship.[/url][/QUOTE]
High pay/HR is usually relative to the higher cost of living so you wouldn't be THAT much richer.
Inflation ho!
[QUOTE=Trunk Monkay;44633763]It's because they don't have people there willing to work for $7 an hour. Companies have to actually pay decent wages if they want decent workers.[/QUOTE]
Even then, you have to factor in cost of living. 8.75 or 7.255 in can be relatively a lot for states if you don't live in a major city where the cost of living is high.
there are people here who want the minimum wage to be up to market competition...
which is to say .01$/h
[QUOTE=JohnFisher89;44633785]Even then, you have to factor in cost of living. 8.75 or 7.255 in can be relatively a lot for states if you don't live in a major city where the cost of living is high.[/QUOTE]
No, minimum wage is chump change. You can live off of it by it's not a living.
[QUOTE=Trunk Monkay;44633857]No, minimum wage is chump change. You can live off of it by it's not a living.[/QUOTE]
Oh I better tell that to my past self when I was working min wage and living.
To be fair, everything is extremely expensive in Switzerland.
If you have taken an economics class you will realize this is very bad.
I don't mean to toot my own horn but I'm an expert. I got a 100 on my Econ 201H exam last week.
(in all seriousness this is not good and will probably not be passed)
[QUOTE=Downsider;44633924]If you have taken an economics class you will realize this is very bad.
I don't mean to toot my own horn but I'm an expert. I got a 100 on my Econ 201H exam last week.
(in all seriousness this is not good and will probably not be passed)[/QUOTE]
explain why?
inflation?
[QUOTE=Hamsteronfire;44633977]explain why?
inflation?[/QUOTE]
Creates a low bar on what shitty employers can get away with instead of having a true open market, it also hurts small business in outlying areas where they can't always pay X amount.
[QUOTE=Daniel Smith;44633738]It's interesting that many European countries such as Germany, Austria, Switzerland, Finland, Sweden, Norway, Denmark, Iceland and Italy have no minimum wage.[/QUOTE]
We have something much better: wage agreements. Every year new agreements are made for most industries that regulate minimum wage. For instance as a software developer after 3 years I'll have a "minimum wage" of 2700€. We also get paid 14 times per year instead of 12 (~15 in my company).
[QUOTE=Daniel Smith;44633738]It's interesting that many European countries such as Germany, Austria, Switzerland, Finland, Sweden, Norway, Denmark, Iceland and Italy have no minimum wage.[/QUOTE]
sweden have trade unions who have the rights to take industrial actions (strike, lock out, refusal to work over time, travel outside work hours etc). the unions do collective bargaining which regulates the terms of employment, pay, superannuation schemes etc for the employees.
the basic idea of a collective agreement is that no employee should be forced to out-compete their colleagues by agreeing on lower pay or worse conditions than others have. collective agreements is one important reason why sweden has a very low rate of strikes and work conflicts.
there are basic laws that cover worker rights. collective agreements are way more flexible than laws and can be changed easily since most professions are different and require different agreements
companies who do not have a collective agreement (it is optional) are seen as unprofessional and it is then up to the employee to make sure his contract covers everything from overtime wage and insurances. trade unions also offer career coaching, legal help, income insurance and more.
[QUOTE=Downsider;44633924]If you have taken an economics class you will realize this is very bad.
I don't mean to toot my own horn but I'm an expert. I got a 100 on my Econ 201H exam last week.
(in all seriousness this is not good and will probably not be passed)[/QUOTE]
Do you not practice critical thinking? Do you assume everything you get taught by your econ professor is 100% unbiased & true? Especially in Economics where cause & causation is so difficult to establish.
EDIT: And in case you think it matters I'm not saying that this proposal is good, I don't think I have enough knowledge to tell whether this proposal is good or bad.
[QUOTE=Cuel;44634110]sweden have trade unions who have the rights to take industrial actions (strike, lock out, refusal to work over time, travel outside work hours etc). the unions do collective bargaining which regulates the terms of employment, pay, superannuation schemes etc for the employees.
the basic idea of a collective agreement is that no employee should be forced to out-compete their colleagues by agreeing on lower pay or worse conditions than others have. collective agreements is one important reason why sweden has a very low rate of strikes and work conflicts.
there are basic laws that cover worker rights. collective agreements are way more flexible than laws and can be changed easily since most professions are different and require different agreements
companies who do not have a collective agreement (it is optional) are seen as unprofessional and it is then up to the employee to make sure his contract covers everything from overtime wage and insurances. trade unions also offer career coaching, legal help, income insurance and more.[/QUOTE]
That's basically what I was trying to say, but much better explained. :v:
snip
Minimum wage over here is way less than that. 8€/h.
Kinda wish our damned politicians would discuss something similar.
Unfortunately, they are all concerned about when the rich get their next tax break. I'd KILL for a $25 minimum wage.
[QUOTE=Trunk Monkay;44633763]It's because they don't have people there willing to work for $7 an hour. Companies have to actually pay decent wages if they want decent workers.[/QUOTE]
Actually it's mostly due to strong workers' unions.
[QUOTE=Solo Wing;44634275]Kinda wish our damned politicians would discuss something similar.
Unfortunately, they are all concerned about when the rich get their next tax break. I'd KILL for a $25 minimum wage.[/QUOTE]
That's what's great about Switzerland: we don't need to rely on politicians to take decisions.
Wow, Sweden sounds a lot better then America immediately. This is in American dollars? I wonder if it would be easier to get a job there...
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