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Archive for Sat, 24 May 2014

Gauging the outcome of the minimum wage vote

Gauging the outcome of the minimum wage vote

On May 18th, Swiss voters clearly rejected the popular initiative for the introduction of a statutory national minimum wage of 4,000 francs per month ($4,465) or 22 francs ($24.50) per hour. The initiative was launched by the Swiss Trade Union Confederation (SGB-USS), which collected enough signatures to force the Swiss government and parliament to hold a binding popular ballot on its proposal.