Swiss City Geneva to Introduce a Minimum Wage of Over $4,000 a Month

by Vicky McKeever
CNBC.com

The Swiss city of Geneva is to introduce a minimum wage of 23 Swiss francs ($25) an hour, equal to roughly 3,772 Swiss francs ($4,100) a month for a 41-hour working week.

Nearly two-thirds of the canton of Geneva on Sunday voted in favor of introducing the minimum wage, which is reported to be the highest in the world.

It is set to be implemented this month, according to the Groupement transfrontalier europeen website, an organization representing cross-border workers in France and Switzerland.

The measure had actually been rejected by voters twice in 2011 and 2014.

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