Vast Majority Of Swiss Reject $25 Minimum Wage In National Referendum
Finally one country that have people that understand that forcing high wages leads nowhere. You have to produce enough to have a high wage not to have a printer in FED that creates artificial recovery
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If you want a country that respects free markets, believes in listening to the voice of the majority, and is against meddling in global affairs under the guise of "humanitarian, liberating, and democracy-spreading" intervention, move to Switzerland.
If you want a country controlled by a few academic central-planners with no real world experience, in which the executive usurps power issuing one executive order after another with zero checks and balances, and which will incite a global war if it must with the help of doctored YouTube clips in order to achieve its global national interest, then move... anywhere else.
Six months ago, it was this same Switzerland that, contrary to the prerogatives of the pervasive "fairness doctrine" taking the new socialist world by storm, rejected imposing limits on executive pay. Then mere hours ago, in a move that would give president Obama wealth redistribution nightmares for months, a whopping 77% of Swiss voters rejected an initiative for a national minimum wage of 22 francs, or just under $25, per hour, according to projection by Swiss television SRF. And confirming that when it comes to anti-socialism, Switzerland may well be the last bastion, not a single canton supported the measure.
How dare Switzerland not pretend supply and demand doesn't matter and one can circumvent the laws of common sense and enforce employment and wages by diktat? Simple: Government ministers have fought against the measure and insisted it will damage the economy, running small companies out of business and making it harder for young people to find employment. Perhaps it is time for these same minister to give the US government a few lessons.
"A minimum wage won’t stop poverty", Economic Minister Johann Schneider-Ammann told The Christian Science Monitor. “This system would be counterproductive.”
Switzerland currently has no minimum wage, but the median hourly wage is about 33 francs ($37) an hour.
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