The Highest Minimum Wage in the World


Geneva, Switzerland - Voters have agreed to introduce a minimum wage in the canton that is the equivalent of $25 an hour -- believed to be the highest in the world.

According to government data, 58% of voters in the canton were in favor of the initiative set the minimum wage at 23 Swiss francs an hour, which was backed by a coalition of labor unions and aimed at "fighting poverty, favoring social integration, and contributing to the respect of human dignity."

While Switzerland has no national minimum wage law, Geneva is the fourth of 26 cantons to vote on the matter in recent years after Neuchâtel, Jura and Ticino.

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