Are Swiss voters the most economically educated? Overwhelmingly reject minimum wageSubmitted by reedr3v on Mon, 05/19/2014 - 07:37
Swiss voters have overwhelmingly rejected a proposal to introduce what would have been the highest minimum wage in the world in a referendum.
Under the plan, employers would have had to pay workers a minimum 22 Swiss francs (about $25; £15; 18 euros) an hour.
Supporters said the move was necessary for people to live a decent life.
But critics argued that it would raise production costs and increase unemployment.