Switzerland 'rejects world's highest minimum wage'

[Eugene]

Source: BBC

18 May 2014 Last updated at 11:16 GMT

Switzerland 'rejects world's highest minimum wage'

Swiss voters have rejected a proposal to introduce what would be the highest minimum wage in the world in a referendum, first projections indicate.

Under the plan, employers would have had to pay workers a minimum 22 Swiss francs (about $25; £15; 18 euros) an hour.

Supporters said the move was necessary for people to live a decent life.

But critics argued that it would raise production costs and increase unemployment.

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Read more: http://www.bbc.com/news/business-27459178

[SamKnause]

1. Disappointing.

Can you imagine how many lives could be saved and improved if the global wage was $25.00 per hour ?

I live in the U.S.

During my working years I never made anywhere close to $25.00 per hour.

I know how drastically it would have changed my life.

[Ghost Dog]

2. Cost of living, at the most basic level, is high in CH.

PPP - puchasing power parity - should always be taken into account.

If I'm up to date, the minimum here in Spain is supposed to be around €8 per hour... Basic cost of living in CH is easily 3 times that in Spain (depending where in Spain).