Vast Majority Of Swiss Reject $25 Minimum Wage In National Referendum
by Tyler Durden
ZeroHedge.com
05/18/2014
Six months ago, it was this same Switzerland that, contrary to the prerogatives of the pervasive “fairness doctrine” taking the new socialist world by storm, rejected imposing limits on executive pay. Then mere hours ago, in a move that would give president Obama wealth redistribution nightmares for months, a whopping 77% of Swiss voters rejected an initiative for a national minimum wage of 22 francs, or just under $25, per hour, according to projection by Swiss television SRF. And confirming that when it comes to anti-socialism, Switzerland may well be the last bastion, not a single canton supported the measure.
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