In which country is the highest minimum wage in the world paid? | Employment | Workers | International economy

As of this October 17 the Canton of Geneva (Switzerland) will begin to apply a rule that requires the payment of a new minimum wage of 23 francs per hour.

A month the remuneration would be about 3,700 euros per month (approximately S / 15,538), this would be the new highest minimum wage on the planet.

However, this salary increase is due to the fact that Geneva it is one of the most expensive cities in the world.

In this city the renting an apartment costs at least 2,000 euros per month and there is no social security, so the inhabitants must take out private health insurance, which has an average cost of 500 euros.

According to the EFE agency, the establishment of a new minimum remuneration Horace was approved in a regional referendum in late September and only applies in Geneva. 58% of 80,000 voters accepted the initiative.

What was the highest salary before?

Until before the reform, the highest minimum wage in the world was 12.1 euros per hour that workers receive in Australia. Monthly Australian salary is estimated to be 2,180 euros.

In Luxembourg the monthly minimum wage is 2,141 euros. Meanwhile in Ireland, the Netherlands, Belgium, Germany and France, basic salaries range between 1,706 and 1,539 euros.

Other countries such as Italy and Austria do not have a minimum wage.


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