HenryBHough
Diamond Member
Those clever Swiss voters have figured it out - set the mandated minimum wage too high and businesses close; the economy tanks:
BBC News - Switzerland rejects world's highest minimum wage
"Swiss voters have rejected a proposal to introduce what would be the highest minimum wage in the world in a referendum, latest results indicate.
"Under the plan, employers would have had to pay workers a minimum 22 Swiss francs (about $25; £15; 18 euros) an hour."
"Almost 77% of voters opposed the minimum wage proposal, according to almost complete results. Supporters had argued it would "protect equitable pay" but the Swiss Business Federation said it would harm low-paid workers in particular."
Interestingly, the Swiss hold their elections on Sundays (it's Sunday night in Switzerland as I write this and the vote has already been counted). They do that so hard-working people are free to get to the polls. No vote-suppression there!
BBC News - Switzerland rejects world's highest minimum wage
"Swiss voters have rejected a proposal to introduce what would be the highest minimum wage in the world in a referendum, latest results indicate.
"Under the plan, employers would have had to pay workers a minimum 22 Swiss francs (about $25; £15; 18 euros) an hour."
"Almost 77% of voters opposed the minimum wage proposal, according to almost complete results. Supporters had argued it would "protect equitable pay" but the Swiss Business Federation said it would harm low-paid workers in particular."
Interestingly, the Swiss hold their elections on Sundays (it's Sunday night in Switzerland as I write this and the vote has already been counted). They do that so hard-working people are free to get to the polls. No vote-suppression there!