Sanity Outbreak: Swiss Voters Overwhelmingly Reject World’s Highest Minimum Wage

swiss-wage

Geneva (AFP) – Swiss voters on Sunday rejected a proposal to introduce the world’s highest minimum wage, which would have guaranteed every worker in one of the world’s priciest nations at least $25 an hour.

…the initiative flopped as voters heeded warnings from government and other opponents that it would deal a death blow to many businesses and would weaken Switzerland’s healthy economy…

A proposal to introduce a minimum wage so high it could pass for mid-management pay elsewhere, was rejected by 76,3 percent of Swiss voters.

…Swiss voters also overwhelmingly voted in favour of harsh laws against convicted paedophiles, with 63.5 percent supporting a lifelong ban on them working with children, regardless of the gravity or nature of their crime.

A series of referendums in Switzerland also saw voters nix a multi-billion-dollar deal to buy fighter jets from Sweden and massively support a lifelong ban on convicted paedophiles working with children.

The massive rejection of the “Decent Salary” initiative was widely seen as a slap in the face to its union backers, who insist at least 22 Swiss francs ($25, 18 euros) an hour, or 4,000 francs ($4,515, 3,280 euros) a month, is needed to get by in Switzerland.

If it had passed, Switzerland would have gone from having no national minimum wage to boasting the world’s highest, far above the $7.25 in the United States and 9.43 euros in France.

But the initiative flopped as voters heeded warnings from government and other opponents that it would deal a death blow to many businesses and would weaken Switzerland’s healthy economy.

Swiss Economy Minister Johann Schneider-Ammann hailed the result, insisting the country had dodged a bullet.

Introducing the minimum wage, he told reporters, would have led to “layoffs” and made it “more difficult for people with few qualifications to find a job.”

Farmers, small business owners and employer organisations also welcomed the results…(read more)

The West Australian


5 Comments on “Sanity Outbreak: Swiss Voters Overwhelmingly Reject World’s Highest Minimum Wage”

  1. […] Pundit from another Planet Geneva (AFP) – Swiss voters on Sunday rejected a proposal to introduce the world’s […]

  2. Mike says:

    So the Swiss economy remains inflated ONLY because of it’s ridiculous tax rates. At least they’re smart enough not to completely destroy their markets with a minimum wage. I wonder if our Domestic Leftists will listen to their “enlightened” counterparts?

  3. Mike says:

    Reblogged this on makeaneffort and commented:
    Half right. The Swiss refuse a National Minimum Wage. Their tax structure remains oppressive at least. Even broken Socialists can be economically correct twice a day… or may just once in a rarer while. I like Switzerland, let’s hope they find their way on taxes… and Socialism.

  4. […] Sanity Outbreak: Swiss Voters Overwhelmingly Reject World’s Highest Minimum Wage. […]

  5. […] Sanity Outbreak: Swiss Voters Overwhelmingly Reject World’s Highest Minimum Wage (punditfromanotherplanet.com) […]


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