Swiss Reject World’s Highest Minimum Wage of $25 Per Hour - Bloomberg:
"Swiss voters rejected the world’s highest national minimum wage, striking down a proposal for an hourly rate of 22 francs ($25).
The initiative was opposed by 76.3 percent of voters, the government in Bern said yesterday. Polls, including one by gfs.bern, forecast that outcome.
“It’s a strong sign to Switzerland as a center of employment,” Economy Minister Johann Schneider-Ammann said at a news conference in Bern. “Accepting the initiative would have led to job cuts in economically weak, rural areas.”"
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