Is Switzerland friendly to the US?
Is Switzerland friendly to the US? The United States established diplomatic relations with Switzerland in 1853 following the formation of a unified Swiss state. Switzerland is a democratic country subscribing to the fundamental ideals with which the United States also identifies.
What is the minimum wage in Switzerland?
There is no national minimum wage in Switzerland. However, some cantons do have a minimum wage that applies in that canton. Some collective agreements and companies also have one for a specific industry or company. In 2020 the average monthly salary in Switzerland was CHF 6538.
Why is Switzerland so rich?
Strong Economy and Financial Sector Switzerland has a highly developed economy that is largely based on its strong financial sector. The country is home to several of the world's largest banks, including UBS and Credit Suisse, as well as numerous insurance companies and wealth management firms.