The Swiss voters have overpowered the proposal to introduce the highest minimum wage in the world. In addition, the country's election authority said that the introduction of tally showed 76% voted against the proposal as well as 24% voted for it.
For the moment, the labor unions had campaigned for the months to win public backing for a minimum hourly wage of 22 Swiss francs; which is nearly around $25. Attuned for the cost of living, it would be valued about the $17.60 in the United States.
Additionally, the Swiss government as well as the business leaders had warned that the proposal would devastate jobs opportunity as well as damage to the lower skilled workers and it will make harder for the young people and others to enter in the workforce Read more
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