-:Undertaker:-
20-05-2014, 06:24 AM
http://www.bbc.co.uk/news/business-27459178
Swiss voters reject world's highest minimum wage
http://news.bbcimg.co.uk/media/images/74933000/jpg/_74933206_74933205.jpg
Swiss voters have overwhelmingly rejected a proposal to introduce what would have been the highest minimum wage in the world in a referendum.
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.
The minimum wage proposal was rejected by 76% of voters. Supporters had argued it would "protect equitable pay" but the Swiss Business Federation said it would harm low-paid workers in particular.
The issue was the most prominent of several referendums held on Sunday.
Boy am I jealous of the Swiss.
They're outside of the European Union, they are ending open borders to the rest of Europe, they have some of the worlds lowest taxes, they have a healthy democracy with referenda held on important issues and they have their heads screwed on economically by rejecting handouts from the state which would only damage the economy and thus make everyone worse off in the long run.
Meanwhile here in Britain Ed 'spendthrift' Miliband wants to raise the minimum wage.
Thoughts?
Swiss voters reject world's highest minimum wage
http://news.bbcimg.co.uk/media/images/74933000/jpg/_74933206_74933205.jpg
Swiss voters have overwhelmingly rejected a proposal to introduce what would have been the highest minimum wage in the world in a referendum.
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.
The minimum wage proposal was rejected by 76% of voters. Supporters had argued it would "protect equitable pay" but the Swiss Business Federation said it would harm low-paid workers in particular.
The issue was the most prominent of several referendums held on Sunday.
Boy am I jealous of the Swiss.
They're outside of the European Union, they are ending open borders to the rest of Europe, they have some of the worlds lowest taxes, they have a healthy democracy with referenda held on important issues and they have their heads screwed on economically by rejecting handouts from the state which would only damage the economy and thus make everyone worse off in the long run.
Meanwhile here in Britain Ed 'spendthrift' Miliband wants to raise the minimum wage.
Thoughts?