Posted on 10/05/2020 5:55:26 PM PDT by SeekAndFind
Bfl.
Poverty? In Switzerland? Are you kidding me?
And how much of it will be reclaimed as taxes by the city, lander, and national governments?
Let’s say I work for a company located in Geneva. But I work remotely from my cabin in the woods of Kentucky. Would I be eligible for a minimum pay of $53,000 per year? I would think so.
Side note: Does anyone know of a company in Geneva that is looking for remote workers, ones with no particular skills?
Excellent! We should ship them as many whiny malcontents as possible - illegals, Antifa, BLM, Muslims... Give ‘em all they can handle. The Dems would freak!
I don’t think Geneva is like Flint, MI or Camden NJ.
Average income is 130K.
And since it governs under socialism they’ll be taxed $50,000 a year.
They fail to understand basic economics. Higher minimum drives up all prices and soon you won’t be able to live on $53,000 a year. Supply and demand theory is more like “how many minutes do I have to work to buy a gallon of gas.” If the number of minutes does not change, then the dollars/minute is irrelevant.
............ Somebody doesn’t understand basic economics .....
All of the cumulative taxes though are like 60-some percent.
So less than 40% of that 53,000, is less than 21,200 after taxes.
Enjoy your 45 dollar loaf of bread.
Yes, and after equilibration thought the marketplace this will buy them no more than they could buy before.
Why stop at 53,000? Why not 106,000?
The wife and I were there about five years ago. A Big Mac was around $16, if I recall correctly.
Socialism at its best.
Beautiful place, since the poor simply move to somewhere else. You will not see any homeless there.
One silver lining: it will hasten ai and robotics in fast-food retail and the sooner the better. Then these 200,000 surrender monkeys can keep their polluting cars inside their garage and go back to eating dirt.
List of cities with the highest cost of living has it at number 4 - significantly more expensive than New York City. I expect that minimum wage won’t go very far. (Roughly twice as expensive to live there as in Chattanooga, TN.)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.