Swiss citizens look set to reject the world's highest minimum wage of $25 an hour in a vote on Sunday, bringing relief to business leaders worried such a measure would have seriously damaged the Swiss workplace. The latest opinion poll found 64 percent of voters opposed the proposal to introduce a minimum wage of 22 Swiss francs per hour ($24.7), made by the SGB union and supported by the Socialist and Green parties. Economically liberal Switzerland does not currently have a nationwide minimum wage. Pay is determined by individual employment contracts or via collective bargaining agreements, some of which also set industry-specific minimum wages.
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May 18th, 2014
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