Regional/Cultural Day
Fête du Travail
The trade unions march in Monaco, and the demands include a higher minimum wage (about 1,800 euros per month), an end to the exploitation of workers, and the protection of workers' rights. The march is both celebration and protest, and the signs are in French and Monégasque. The irony of a Labour Day march in a tax haven is not lost on anyone. Monaco has no income tax for its residents (except French citizens, who are taxed under a special treaty), and the principality's economy runs on banking, tourism, and the 5,000+ companies registered in its 2 square kilometers. The workers who march are the backbone of a system that caters to the ultra-wealthy : the hotel staff, the restaurant workers, the construction crews, and the yacht crews who keep Monaco running.