Swiss Voters on $25 Minimum Wage: Uh, No

About three-quarters of people vote against referendum
By Polly Davis Doig,  Newser Staff
Posted May 18, 2014 10:55 AM CDT
Swiss Voters on $25 Minimum Wage: Uh, No
Voters cast ballots in Bern, Switzerland, Sunday, May 18, 2014. Swiss voters voted on a referendum to introduce the world’s highest minimum wage of $24.70 an hour.   (AP Photo/Keystone,Peter Klaunzer)

Swiss voters today considered the question of whether to institute a highest-on-planet-Earth minimum wage, and handed it back with a resounding "nope." Early returns indicate that about three-quarters of voters (76% per the BBC, 77% per the AP) voted against the measure, which would have raised minimum wage to about $24.70 and had been touted as a way to combat poverty in a pricey nation. Switzerland currently has no minimum wage, though the nation's median wage is about $37 an hour. Results are still not finalized in Bern and Zurich. (Read more Switzerland stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.