Geneva introducing a minimum wage of $25 an hour

  • 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...