Trumptonium1 wrote:Costa Fierro wrote:The cantons of Jura and Neutchatel have minimum wages. In addition, collective bargaining agreements contain clauses on minimum compensation. A similar setup exists in neighbouring Austria, where collective bargaining agreements ensure a minimum amount is compensated. Occupations that lack a collective bargaining agreement have minimum compensation outlined in specific legislation.
So not exactly the bastion of free-market capitalism you were expecting.
Minimum compensation does not exist in Switzerland, and Jura and Neutchatel make up less than 5% of Swiss population. Collective bargaining agreements do exist, but most industries do not have such Gesamtarbeitsvertrag agreements, and there is absolutely no legislation whatsoever to ensure a minimum compensation for those. Although this isn't very relevant since those who do have bargaining agreements are typically lower-earning roles, however, neither the financial industry nor the doctor profession is governed by any GVA. There's nothing stopping UBS/Credit Suisse employing people for $1000 a year to be investment bankers or a hospital employing a doctor from Zimbabwe while paying him his wage simply converted to CFA. But they're not stupid and they won't do it.
That puts us back to the same question. The reason why any employer would withhold overtime payments for three years in Hungary is the same reason why a Swiss bank would employ a financial planner on $5000 and why Donald Trump can nuke Beijing at will tomorrow night. It's an option. It's highly unlikely to be used. And in the case of the former two, nearly everybody will be able to switch employer anyway, or at least have the relatively luxurious position of being able to deny a job offer while you search for better ones because you heard the employer is bad or the wage is bad, as neither Hungarian or Swiss workers live paycheque to paycheque unlike the US.
In order to hopefully answer and end this thread deviation: Your assertions regarding Switzerland are pretty badly misinformed.
Out of a resident population of ca. 8.4 million people (children and over 1.5 million retirees included) the jobs of over 2 million people are protected by GAVs.
Your assertion that "most industries" (whatever that means in real terms) don't have GAVs is baseless.
Here's a list of different industries with GAVs where only one union, the UNIA, is involved
->
https://www.unia.ch/de/arbeitswelt/von- ... vertraege/ Here's a GAV for the employees of the banking sector btw ->
https://gav.arbeitsrechtler.ch/Banken_V ... _A2011.pdf which, according to you, shouldn't exist.
Or here's one for the health sector, including the "doctor profession" i.e. medical staff including medical doctors, from assistent doctor up to the top. ->
https://vsao-bern.ch/de/themen/gesamtar ... -gav-2018/In addition to that, the cantons and the federal state are empowered and responsible for ensuring safe and fair working conditions, which includes issuing NAVs (Normalarbeitsverträge). Those are binding contracts quite similar to GAVs and covering entire branches of the economy and certain types of employment, with 99 of those in force nationwide in 2016, including 76 with binding minimum wages. -> All from the official sources of the federal department of statistics.
So yeah, not really your envisioned libertarian paradise and certainly far better off than Hungary. Please do keep us in CH out of it or, at the very least, make a minimal effort to inform yourself beforehand.
Edit: Oh and Ticino has also minimum wage laws btw.