Swiss Voters Reject EUR 3300 Minimum Wage
Switzerland has rejected the proposal to introduce a minimum wage of EUR 18 per hour, the world's highest minimum wage, according to preliminary results of Sunday's referendum.
Supporters of the measure, including trade unions and left-wing parties, stressed the high living costs, while opponents argued that it would increase production costs and unemployment levels.
The minimum wage initiative was the most prominent of several referendums held on Sunday morning in Switzerland, the other questions concerning a plan to purchase Swedish-made Gripen fighter jets for the Swiss Air Force and a proposal to introduce a lifelong ban against convicted paedophiles working with children, according to the BBC News.
No preliminary results are available on the other questions.
- » A Former CIA Officer was Arrested Because of Top-secret Information
- » A Ball of Fire Passed over the Sky in Michigan (Videos)
- » Juncker Says Would Like Britain Rejoin EU After Brexit
- » The White House Doctor Called President Trump's Health 'Excellent
- » Nations to Consider More North Korea Sanctions, U.S. Warns on Military Option
- » The Hotel in Riyadh, which was a Prison for Princes, is Again Accepting Reservations