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View Diary: Costco CEO Supports $10.10 Minimum-Wage (18 comments)

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  •  Current minimum wage in France is €9.43/hour (8+ / 0-)

    which translates to $12.25 per hour. Out of this the employee will lose around 22% in charges, which gives him/her total health care, unemployment insurance, pension contributions and a social safety net.

    If he/she has 2 kids or more, they will receive a child allowance which is tax fee of around $200 per month, more kids more money. When the kids reach 14 years old the amount goes up by about $80 for each kid over 14.

    Most other European countries have child allowances from the first child.

    •  And vacation lengths that are outstanding (3+ / 0-)
      Recommended by:
      peterfallow, Gary Norton, Mortifyd

      Fear is the Mind Killer...

      by boophus on Wed Mar 06, 2013 at 11:03:46 AM PST

      [ Parent ]

      •  I think the current is 5 weeks 35 hr week. (2+ / 0-)
        Recommended by:
        Gary Norton, Mortifyd

        I was actually an employer in France, and added to this was an employers contribution that was around 40% of salary. In addition, for fixed term contracts, you had to pay a 10% premium, and all employees got holiday pay as per national standards.

        This meant that for me the €9.00 per hour worked out around €14/per hour.

        My business didn't make it, and I sold my equipment etc, but the issue wasn't salary levels. In the final years, I used temp agencies for flexibility and savings on accountancy costs. Payroll admin was very expensive.

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