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Message
Swiss voters reject minimum wage
Posted on 5/18/14 at 12:50 pm
Posted on 5/18/14 at 12:50 pm
But I thought Europe was so progressive:
LINK
quote:
The country's election authority said a preliminary tally showed 76% voted against the proposal and 24% voted for it.
Labor unions had campaigned for months to win public backing for a minimum hourly wage of 22 Swiss francs, or nearly $25. Adjusted for the cost of living, it would be worth about $17.60 in the United States.
The Swiss government and business leaders had warned that the initiative would destroy jobs, hurt lower skilled employees and make it harder for young people and others to enter the workforce.
Switzerland is a wealthy country, enjoying above average rates of growth and employment and relatively short working hours.
But unlike many advanced economies, it does not have a statutory national minimum wage. Pay is set in negotiations between companies and individuals, or with employee representatives -- sometimes across industrial sectors.
Swiss unions argued that it was a disgrace that 330,000 mainly young workers in one of the world's richest countries don't earn enough to support a decent quality of life. Many work in retail, hotels or restaurants.
quote:
Germany is planning to introduce a national minimum wage next year for the first time, at 8.50 euros an hour. That's worth about $15 in the U.S.
LINK
12
Posted on 5/18/14 at 12:56 pm to carbola
Their voters are probably smart enough to understand that wages should be a function of data/supply and demand. In other words, what you get paid is based on the value of your skills in the marketplace.
Posted on 5/18/14 at 1:13 pm to carbola
I guess their fast food workers are smarter than ours
Posted on 5/18/14 at 1:23 pm to carbola
They have a smart voter base apparently. Unlike the idiots that go to the polls here.
Posted on 5/18/14 at 1:54 pm to carbola
They have no minimum wage and they rejected what would have been the world's highest minimum wage. That hardly makes them conservative.
Something will be done soon, even if it's a lower minimum wage. This is their third referendum on pay in 18 months and they're worried about the growing income inequality.
Something will be done soon, even if it's a lower minimum wage. This is their third referendum on pay in 18 months and they're worried about the growing income inequality.
Posted on 5/18/14 at 3:17 pm to carbola
So, the Swiss are informed voters. That's refreshing.
Posted on 5/18/14 at 3:19 pm to carbola
Why do the Swiss hate poor people????
Posted on 5/18/14 at 9:00 pm to carbola
quote:
Switzerland is a wealthy country, enjoying above average rates of growth and employment and relatively short working hours.
quote:
But unlike many advanced economies, it does not have a statutory national minimum wage. Pay is set in negotiations between companies and individuals, or with employee representatives -- sometimes across industrial sectors.
So you mean to tell me a free market and competitive work environment leads to more wealth and more employment, spurring economic growth?
There is a shining beacon to look at over here, America. Take notes
Posted on 5/18/14 at 11:34 pm to carbola
Swiss gun laws are also very anti-European.
Posted on 5/19/14 at 10:45 am to carbola
The Swiss only completely gave women the vote in the 70s. Hardly progressive.
Posted on 5/19/14 at 10:46 am to carbola
quote:$11.66
8.50 euros an hour. That's worth about $15 in the U.S.
Posted on 5/19/14 at 10:49 am to carbola
Also, headline should be "Swiss reject world's highest minimum wage."
90% already make more than that now anyway.
90% already make more than that now anyway.
Posted on 5/19/14 at 11:41 am to carbola
quote:
Pay is set in negotiations between companies and individuals
Imagine that......
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