Watch the Expressions of These Libs As Batya Ungar-Sargon Explains Trump's Mandate on...
Chuck Schumer's Reaction to This Question About the LA Riots Really Says It...
Meet the Woman Who Symbolizes Everything About Leftists Mayhem
Why There Was 'No Alternative' for ABC News Regarding Firing Terry Moran
On the Upside, Gavin Newsom Is Toast
Congratulations, Brian Stelter, You’re 99 Percent Cancer-Free!
Look What the Democrats Have Caused… Again
What Did Losing the War Mean?
LA City Council Member Makes Absurd Demand of Police Chief. Here's How He...
The Scavenger Mentality
Destruction of the West...for the Children
The Supreme Court’s Anti-Second Amendment 'Ghost Gun' Case: Judicial Amendment by 'Interpr...
Humility---the Missing Ingredient
Euro Green Globalism Belongs on the Ash Heap of History
America’s Agriculture Commissioners and Secretaries Join Together to Put Farmers First
Tipsheet

Switzerland To Vote To Go From No Minimum Wage to Highest In the World

The minimum wage debate is raging not just in the United States, but around the world. Many governments in Western Europe have higher minimum wages than the U.S. Switzerland is one that doesn't have a minimum wage at all - but will soon vote to implement the highest minimum wage in the entire world:

Advertisement

Introducing the world's highest minimum wage would hurt Switzerland's competitiveness and lead to job cuts, harming precisely those low-income workers it is designed to help, the Swiss government said on Tuesday.

Swiss voters will decide in a popular vote on May 18 if they want to introduce a minimum wage of 22 Swiss francs ($24.73)an hour, or 4,000 francs a month, much higher than in other countries.

In Switzerland, any proposal can get on a public referendum if it collects enough signatures. That's what has happened on the minimum wage, and the Swiss government itself is vehemently against this minimum wage.

In the absence of a minimum wage, Switzerland has the highest wages of any country already:

Switzerland already has the highest average monthly wage in Europe, which was $7,765.5 in 2011, according to UN data.

The fair pay sentiment that has swept through Europe has gained traction in Switzerland, where this year they have already held two referendums on limiting executive pay and ‘golden parachutes’.

Many blame bankers for the financial crisis, for building up speculative investment bubbles and not contributing to the real economy. Anger surged when some of the biggest banks, like UBS, continued to pay bosses big bonuses while simultaneously reporting massive losses.

Advertisement

Populism en masse is to thank for Switzerland's massive minimum wage proposal. The country is also considering implementing a "Universal Basic Income," which would pay Swiss citizens cash no matter what - work or no work. Lest you think that this is just an example of crazy European socialists doing crazy European socialist things, the Heritage Foundation finds that Switzerland leads the United States when it comes to economic freedom.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement