Sorry lib-tards and Krug-tards. I know that you were hoping to have this to point to as another indication of how the Euro-tards are so much more enlightened than us. Unfortunately for your case, most of them now are in the process of cutting back on all of the social welfare and diversity bs as they've seen the realities.



May 18, 2014, 8:29 pm

Geneva (AFP) - Swiss voters on Sunday rejected a proposed hourly minimum wage of $25 -- which would have been the world's highest -- in one of the planet's priciest nations, a polling agency said.

Only 23 percent of Swiss voters came out in favour of introducing a minimum wage in Switzerland so high it could pass for mid-management pay elsewhere, the gfs.bern polling institute said in a projection of Sunday's referendum results...

Much of the national debate ahead of the referendums, which are held every three months in Switzerland as part of the country's direct democratic system, has focused on the pros and cons of introducing a minimum wage.

The "Decent Salary" initiative insists that 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 the wealthy Alpine nation.

Backers of the initiative want Switzerland to go from having no minimum wage to boasting the world's highest, far above the $7.25 in the United States, 9.43 euros in France, 5.05 euros in Spain and the recently agreed 8.50 euros in Germany, set to take effect next year.

- Threat to businesses -

But the initiative, which has drawn envious and incredulous attention from abroad, appeared sure to flop, with voters heeding warnings from opponents, including the government, that the sky-high minimum wage would deal a death blow to many businesses and would weaken Switzerland's healthy economy.

"This minimum wage would put jobs in danger and would make accessing the labour market even more difficult for youths and those with few qualifications," Bern has warned.

Supporters counter that higher basic wages would boost the purchasing power of some 330,000 people, or one in 10 employees in the country.

People working in sales, services and farming, or as hairdressers and flight attendants, for instance, generally earn far less than the proposed minimum wage.

"I really have trouble living on my salary," Portuguese hotel maid Alcina Esteves de Almeida told AFP, whose gross monthly salary is 3,400 francs.

"I have to give up a lot, and I often can't eat properly," said the 52-year-old, who works at a luxury Geneva hotel.

Like de Almeida, around 90 percent of those living on less than the proposed minimum wage are foreign nationals, without a right to vote in Sunday's referendum, an editorial in the Le Temps daily's weekly edition noted.

Many small-and-medium sized businesses, which generate two-thirds of employment, couldn’t afford to pay employees more, the government said. Switzerland’s jobless rate as measured by the International Labor Organization was 4.1 percent late last year, compared with 11.8 percent in the euro area.

When adjusted for purchasing power, the Swiss wage would have amounted to $14.01 an hour. That compares to $10.60 in France and $10.20 in Austria, according to Organization for Economic Cooperation and Development data for 2012.

$25 dollars an hour is a little high. That would be one of the largest minimum wages. I think Japans is some like $30.

China $30.00 is an idiot. Thank God the Swiss are not idiots. And they produce great cheese and beautiful women.

Minimum wage in China is set monthly, not hourly. It was recently raised to the equivalent of $293 a month. Considering most months have 21 days, or 168 working hours for a 40 hour work week, then the Chinese "hourly" minimum wage is $1.74.