(CNN) 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. The Geneva Council of State, the local executive branch, said in an opinion against the measure that the new minimum wage would be "the highest in the world." "On 27 September, a new vote on this subject was finally accepted, for a salary of 23 Swiss Francs per hour, or slightly more than 4,000 Swiss Francs per month for an activity of 41 hours per week," Poggia added. While a $25 per hour minimum wage might look staggering from a US perspective, where the federal minimum wage is $7.25 an hour, context is key. Grampp believes more cantons will enact minimum wage legislation in the future.

Source: CNN October 03, 2020 12:22 UTC