Geneva is to introduce a minimum monthly wage of nearly £3,500, the highest in the world, in response to growing poverty since the coronavirus outbreak. Due to the exploitative nature of some jobs, the wages received by the worker must commiserate with the work done, hence the emergence of the minimum wage concept. Enter your email address to subscribe to this blog and receive notifications of new posts by email. A Better Time: Davido Features Bella Shmurda, Nicki Minaj, Chris Brown... PENGASSAN Declare Meeting With Govt Inconclusive, Continue Strike Over IPPIS, Twerking Video Of A Beautiful Lady Trends On Twitter (Video). However, this article brings to your perusal a list of the top 20 highest minimum wages in the world, indicating their actual minimum wage in an hour, annual earning of workers as well as the current population of each of the countries. Countries With The Highest Minimum Wages In The World In 2020 by domino4211(m): 8:07am On Oct 02 If you're planning to migrate for economic and financial purposes,these are the countries where you stand to make much money depending on how hardworking and skilled you are. The guaranteed minimum monthly salary in Geneva for a 41-hour week will be 4,086 Swiss francs (£3,437). It also exceeds the world’s current highest minimum wage of over £11 per hour in Australia. Voters in Geneva, Switzerland, 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. Michel Charrat of the European Cross-Border Group, which supports cross-border workers, told France 3 television that the vote result marked a “movement of solidarity” with the poor that would help “restore a certain balance among the people of Greater Geneva”. They argue that immigrant workers have pushed up housing costs and lowered wages. This depends on the countries pattern of payment. These countries have rules ensuring their workers receive the highest minimum wages in the world, according to a report by the Organization for Economic Co-operation and Development. The city is rated the most expensive to live in world-wide and queues outside food-banks have been growing. According to another cost-of-living index compiled by Expatistan, Geneva is the world’s second most expensive city. The company team based in the United States of America is made up of creative and resourceful personnel with good experience in different aspect of life. This privacy policy document outlines the types of personal information collected by the worldbestinfo blog. Geneva is set to introduce a minimum wage of $25 per hour -- reported to be the highest in the world. Antagonists of good minimum wage believe that it increases poverty, increases unemployment because low-wage workers will be unable to find work, and damages businesses because the wage requirements will cause businesses to raise prices of their product and service to accommodate the cost of labor. Also Read: List of Minimum Wage in African Countries, All countries A-Z, Here is the Top 20 Highest Minimum Wage in the World, Also Read: Highest minimum wage in Africa. London is not among the 10 costliest cities in the survey. Rising global inequality has made minimum wages a hot topic in countries around the world, as governments attempt to ensure low-paid workers have the chance to escape relative poverty. Soldier Threatens Driver On Kaduna Road: “I Will Kill You &... Africa Cup Of Nations Qualification Results For Wed. Nov. 11, International Friendlies Results For Wednesday, November 11, ASUU Breaking News This Morning, November 12. It rates London ninth. However, this article brings to your perusal a list of the top 20 highest minimum wages in the world, indicating their actual minimum wage in an hour, annual earning of workers as well as the current population of each of the countries. 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More than 300,000 of Switzerland’s workers live in neighbouring France, where costs are lower. The measure was approved by the locals in a surprise vote result sparked by reports of growing coronavirus-linked poverty in the Swiss city. This is the latest effort in Switzerland to ensure people are able to live decently from their salary. Switzerland has Europe’s highest average annual wage of more than £57,000, compared to nearly £35,500 in the UK, but the prosperous Alpine country sets no national minimum wage. From October 17, the minimum hourly wage will be 23 Swiss francs (almost £19.50), more than double the rate in neighbouring France or in the UK. Where are the world’s highest minimum wages? This shows a comprehensive list of the highest minimum wage in the world. The Telegraph values your comments but kindly requests all posts are on topic, constructive and respectful. Sorry, but the page you are looking for doesn't exist. A minimum wage is the least expected pay that a worker is due to receive or is expected to receive. At Worldbestinfo, the privacy of our visitors/users is extremely important to us. Most commute to jobs in the Geneva canton, or region. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future. Geneva will be the third Swiss canton to adopt one. These bodies check the level of compliance by the heads of government and call for action when necessary. Worldbestinfo is the world largest general information site. Jura and Neuchâtel have both introduced a minimum hourly wage of 20 Swiss francs (£16.85). Brainnewspaper is your one stop portal for the latest, breaking and trending news stories and articles you love to read. At the height of the coronavirus crisis, queues more than half a mile long formed at food banks. The canton’s 500,000 voters approved the minimum wage, proposed by Left-wing parties, by a 58-per-cent majority in a referendum, after rejecting it twice in 2014 and 2011. We rely on advertising to help fund our award-winning journalism. Geneva has been hit particularly hard by the Covid-19 pandemic because it relies on revenue from tourists and business visitors. Worldbestinfo which is a division of Judos digital Cypher is equally into Digital Marketing, Video and Animation Creation, Affiliate Marketing, Email Marketing etc. Mr Charrat said: “Covid showed that a certain section of the Swiss population cannot live in Geneva… 4,000 Swiss francs a month (£3,362) is the minimum to stay above the poverty line.” Rents in Geneva are often more than 2,000 Swiss francs a month, he added. The measure will benefit some 30,000 low-paid workers, two-thirds of them women, many employed as cleaners or in restaurants or hairdressers. Average salaries in San Francisco have risen by 31% since 2018, with the city taking the crown for the highest-paying city in the world this year, according to Deutsche Bank research. Feel free to Contact Us if you have any inquiry or information to share with us. Top 10 Countries with the Highest Minimum Wages in the World.