Swiss reject minimum-wage initiative: WSJ

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Swiss reject minimum-wage initiative: WSJ

Financial Markets News 0

SAN FRANCISCO (MarketWatch) — Swiss voters overwhelmingly rejected a move to set state-controlled pay levels, spurning an initiative that would have introduced the highest minimum wage in the world, The Wall Street Journal reported Sunday. Roughly 77% of Swiss voters opposed the Minimum Wage Initiative, according to the report. The vote on the proposal, which would have established a minimum hourly wage of 22 Swiss francs ($25) an hour, marked a move by Swiss voters away from legislating com…

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