SWITZERLAND - $25 an Hour Minimum Wage

Arno Froese

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 voted in favor of introducing the minimum wage, which is reported to be the highest in the world. 

Geneva is known as one of the most expensive cities in the world and ranked ninth on HR consulting firm Mercer’s 2020 global cost of living survey. 

Michel Charrat, president of the Groupement transfrontalier europeen, told the Guardian that the vote to pass the measure represented a “mark of solidarity” with Geneva’s poorer residents. 

“Covid has shown that a certain section of the Swiss population cannot live in Geneva,” he said.   

Geneva’s new minimum wage is more than triple that in the U.S., at $7.25 per hour and more than double the U.K.’s highest basic hourly rate of £8.72 ($11.20).

-www.cnbc.com, 1 October 2020

Arno's commentary

Outside Israel, Switzerland can be categorized as an exceptional country. This landlocked, mountainous country is fiercely independent, as evidenced by their neutrality. The last war they fought was in 1847—a civil war.

Interestingly, this high-cost and high-wage country has no problem selling their products. Exports stand at $313.5 billion, and imports $264.5 billion.

Another very unique attribute of Switzerland is foreign visitors. Per 1,000 in population, 1,359 foreign visitors are registered. There is more: the 10% lowest income of its population consumes 7.5% of the national GDP, while the highest 10% income level consumes 19% of the GDP. By comparison, in the USA, the lowest consumes 2%, and the highest 30%.

Switzerland is the envy of the world. Nevertheless, the end will be the same. Second Peter 3:12 declares: “Looking for and hasting unto the coming of the day of God, wherein the heavens being on fire shall be dissolved, and the elements shall melt with fervent heat?” Then the warning for us believers: “Wherefore, beloved, seeing that ye look for such things, be diligent that ye may be found of him in peace, without spot, and blameless” (verse 14).

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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