Swiss Referendum: Minimum Wage to $24.73/Hour

[jclay2]

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.
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A vote in favor of the initiative, brought forward by Swiss union SGB and supported by the Socialist Party, would be another setback for the government and business leaders. Swiss voters ignored their warnings and backed curbs on immigration from the European Union this month.
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In Switzerland, interest groups can enforce votes on new laws if they collect a sufficient number of signatures.
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In an opinion poll conducted in November on behalf of SGB, 74 percent of participants backed the minimum wage.

http://www.reuters.com/article/2014/02/25/us-swiss-minimum-wage-idUSBREA1O1AI20140225
http://www.independent.co.uk/news/w...nimum-wage-has-employers-worried-9265550.html

Apparently in Switzerland you can get referendums on the ballot if you get 100,000 signatures. From reading other articles, it appears that the support for the bill could be as tight as 50%. I truly feel bad for the swiss if this passes. Mass layoffs and a higher cost of living are a guarantee.

 

[Pericles]

100K signatures is what it takes. Reality is that you won't find a native Swiss citizen who works for less the 50K CHF per year anyway. This would mainly impact foreigners. I made much more than 50K per year working there. Switzerland has a very high standard pf living and cost of living.

 

[John F Kennedy III]

Shared on Fedbook for mine Comrades.

 

[jclay2]

Do you have stats on this? I highly doubt this.

 

[VIDEODROME]

I'm moving