It’s the kind of number that can make you jump. Switzerland has long been known as a country with a particularly high standard of living. And France’s neighbor has not escaped the inflationary context that has hit most economies hard for several months. Thus, Swiss inflation is estimated at 17% by the OECD, that is, three times more than the increase in prices currently observed in France.
However, the canton of Geneva has indexed the minimum wage to price changes for a little over two years and is therefore preparing to increase it from CHF23.27 per hour to CHF24 from 1 January 2023. In monthly terms, it will thus reach the sum of 4,368 Swiss francs gross or 4,400 euros for a weekly hourly volume of 42 hours.
Almost 200,000 French people work in Switzerland
If this figure seems far from the 1,678.95 euros gross or the 1,329.05 euros net paid to French employees at a rate of 35 hours of work per week, it must be put in perspective with the cost of living in Switzerland. Initially high, it is even more so with the inflationary pressure of recent months.
On the other hand, this increase in the minimum wage should do business with some 200,000 French people who work in Switzerland and who represent almost half of the cross-border workers.
Source: BFM TV
