The position of the president in Switzerland is only formal, and the person is elected from the ministers for a one-year term. The salary of Doris Leuthard, who holds the presidential post for the second time, is $437,000 a year ($36,000 a month, $1,200 a day), and it equals the salaries of all the other ministers.

The minimum wage in Switzerland is not limited by law. Only Canton of Neuchâtel has it, and it’s $20 per hour.