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Swiss voters say 'no' to $31 an hour minimum wage

Swiss voters on Sunday rejected a proposal to introduce the world’s highest minimum wage of 22 Swiss francs (S$31) an hour.

The proposal was rejected by 76.3 per cent of Swiss voters.

A series of referendums in Switzerland also saw voters nix a multi-billion-dollar deal to buy fighter jets from Sweden and massively support a lifelong ban on convicted paedophiles working with children.

The rejection of the “Decent Salary” initiative was widely seen as a slap in the face to its union backers, who insist at least 22 francs an hour, or 4,000 francs a month, is needed to get by in Switzerland.

If it had passed, Switzerland would have gone from having no national minimum wage to boasting the world’s highest, far above the US$7.25 (S$9) an hour in the US and 9.43 euros (S$16) an hour in France.

Source: AFP

Photo: EPA