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Started By
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 1:27 pm to tysonslefthook
Switzerland, as far as I know, does not have a political party that "herds" poor people to the polls like the democrat party does here. People there understand economics.
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 2:05 pm to TotesMcGotes
quote:
they're worried about the growing income inequality.
most overused term of 2014
Posted on 5/18/14 at 2:49 pm to davesdawgs
Minimum wage is just another variable in your supply/demand equation, not a seperate entity altogether.
Posted on 5/18/14 at 2:54 pm to TotesMcGotes
quote:
they're worried about the growing income inequality.
76% to 24% says otherwise. You want to make more make yourself a more desirable employee.
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 3:56 pm to Y.A. Tittle
quote:
Why do the Swiss hate poor people????
Hold on, Rex and SpidermanPenis will be along to tell us why shortly.
Posted on 5/18/14 at 4:28 pm to BOSCEAUX
quote:
76% to 24% says otherwise. You want to make more make yourself a more desirable employee.
Again, the vote was to go from no minimum wage to the highest one in the world. Just because the vote didn't pass doesn't mean they're not worried about income inequality. It likely means they think there's a more reasonable amount to agree upon.
Posted on 5/18/14 at 4:39 pm to TotesMcGotes
How much was the proposed minimum wage? And by what metric is it the "highest in the world?"
Posted on 5/18/14 at 4:42 pm to onmymedicalgrind
quote:
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.
Posted on 5/18/14 at 6:27 pm to TotesMcGotes
Do you honesty believe that in such a homogenous advanced economy, that some people are only making what equates to four dollars an hour ?
Posted on 5/18/14 at 8:13 pm to TotesMcGotes
Their labor union leaders were really dumb in trying to go from 0 to $25. If they went for something in the $10-12 range, I am sure they would have gotten it.
Regardless of political ideology, I think that's something that can be agreed upon.
Regardless of political ideology, I think that's something that can be agreed upon.
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 11:29 pm to Keys Open Doors
Yea they swung for the fences and whiffed. Regardless, they'll likely vote again on a more reasonable number.
Posted on 5/18/14 at 11:34 pm to carbola
Swiss gun laws are also very anti-European.
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