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Over the weekend, a majority of voters in the canton of Basel-City voted in favour of a minimum wage of CHF 21 (US$ 23) an hour. © Andreadonetti | Dreamstime.comThe move will make Basel-City the first German-speaking Swiss canton to adopt a minimum wage, following in the footsteps of Geneva, Neuchâtel, Jura and Ticino. Until fairly recently Switzerland had no minimum wages. In 2011, voters in Neuchâtel voted in favour of a minimum wage, which was introduced in 2017. Jura followed with...

On 13 June 2021, Swiss voters will decide on whether to accept a government plan to raise taxes on certain high emission activities, which include additional taxes on heating oil, flights and petrol and diesel for road use. © Heiko Kueverling | Dreamstime.comThe aim of the revised law is to change behaviour and reduce Switzerland’s emissions. The amount that the proposed taxes would cost an average family range from around CHF 100 to CHF 1,000 depending on who is calculating it. In...

This week, Switzerland’s parliament voted in favour of raising the official retirement age for women. © Lightfieldstudiosprod | Dreamstime.comIn Switzerland, the retirement age for women has long been 64, one year less than the retirement age of 65 for men, according to RTS. The parliamentary vote, of 124 versus 69 in favour, follows a vote in the upper house that also favoured the change. Opposition from politicians on the left was insufficient to prevent the recent parliamentary...

By the end of May 2021, the percentage of Switzerland’s workforce registered as out of work had fallen to 3.1%, down from 3.3% in April 2021. © Rafael Ben Ari | Dreamstime.comThe figures are based on those registered as unemployed at regional employment centres and exclude many of those that have been out of for more than two years and have exhausted their rights to collect unemployment benefits. Many measures of unemployment, such as the one recommended by the International Labour...

Last week, negotiations between Switzerland and the EU ended after failure to find agreement on key elements of a deal governing the relationship between Switzerland and the bloc. Over the weekend, Switzerland’s president Guy Parmelin defended the abrupt break in negotiations and sent a clear message to EU strategists in Brussels. Speaking to the newspaper NZZ am Sonntag Parmelin said that the EU would harm itself if it sank trade relations with one of its most important trading...

A recent study by Interpharma and Santésuisse shows how rapidly drug prices have risen in Switzerland over the 10 years to 2020. © Artemiy Sobov | Dreamstime.comBetween 2010 and 2020, medicine prices have risen by nearly 37% in Switzerland. In addition, the cost of basic health insurance has risen at 3 times the rate of GDP over the same period. There are three main reasons for high Swiss drug prices according to the report: too many generic drugs, excessive margins and high factory...

The total number of hours worked in Switzerland in 2020 dropped by nearly 4% compared to 2019, announced the Federal Statistical Office this week. © Thanasak Boonchoong | Dreamstime.comIn a year marked by the Covid-19 pandemic total hours worked in Switzerland dropped by nearly 300 million or 3.7% compared to the previous year. In 2019, 7.9 billion hours of work were clocked up in Switzerland. In 2020, this figure fell to 7.6 billion. Unsurprisingly, the biggest falls in hours...

A recent survey of expats presents Switzerland as a double edged sword. The survey, which covers 59 nations, ranks Switzerland near the top on quality of life but near the bottom on cost. © Bartolomiej Pietrzyk | Dreamstime.comIn the ranking by InterNations, Switzerland is listed 30 out of 59 countries overall for its attractiveness to expats. However, its score contains both bright and a dark spots. On quality of life, Switzerland ranked 9th. 99% of those surveyed said they were happy...

Switzerland and the EU have been working at failing to agree on a new agreement on Switzerland’s relationship with the EU for sometime now. One point of negotiating leverage used by Switzerland is that Swiss voters would reject the deal proposed by the EU in a referendum. However, a recent poll suggests that might not be true. © Alexander Filon | Dreamstime.comA recent poll run by gfs.bern found that 64% of a sample of voters were either supportive (15%) or fairly supportive (49%) of the...

Recent data show that Swiss hotels and restaurants shed 40,000 jobs in 2020 as a result of the coronavirus pandemic, with restaurants reliant on business travel hit the hardest, according to RTS. © Jan Gajdosik | Dreamstime.comThese figures do not include the effects of the pandemic beyond the end of 2020 and therefore exclude the impact of the pandemic in 2021. Casimir Platzer, president of GastroSuisse, told newspapers in German-speaking Switzerland, that an additional 10,000 jobs...