Swiss voters rejected minimum wage proposal

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The justification to propose a such minimum hourly wage was to help ensuring fair salaries for workers in the lowest-paid sectors, such as retailing and personal services. In fact, this would be more than twice the amount the U.S. President would like to impose in his country. AS the economists argued, a national minimum wage would hurt Swiss competitiveness in the global economy. 76.3 percent of the Swiss people opposed.
Switzerland has no actually a national minimum wage. “If the initiative had been accepted, it would have led to workplace losses, especially in rural areas where less-qualified people have a harder time finding jobs. The best remedy against poverty is work,” said Johann Schneider-Ammann, the economic minister of the Swiss country. During the last years, many efforts have been made through initiatives to address the Swiss income inequality. Switzerland, however, is one of the world’s most prosperous countries.

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