Swiss reject world's highest minimum wage
GENEVA, Switzerland – (UPDATED) The Swiss have voted down the world's highest minimum wage, which would have offered workers in one of the world's most expensive nations at least $25 an hour, a polling agency said.
Only 23% of Swiss voters came out in favour of introducing a minimum wage of 22 Swiss francs ($25, 18 euros, P1,100) an hour, or 4,000 francs ($4,515, 3,280 euros, P197,000) a month, the gps.bern polling institute said in a projection of Sunday's referendum results.
Supporters say the move is justified by sky-high living costs in the Alpine nation, but surveys suggested Switzerland would say "No thanks" to a minimum wage so high it could pass for a mid-management salary elsewhere.
The Swiss will also be voting on a multi-billion-dollar deal to buy fighter jets from Sweden, and are almost certain to back measures to ban paedophiles from working with children.
Few Swiss, however, turn out to cast their ballots in person, with most choosing to vote by post or Internet in the referenda held every three months as part of the country's direct democracy system.
Much of the national debate ahead of Sunday's vote has focused on the pros and cons of introducing a minimum wage.
The unions behind the "Decent Salary" initiative insist at least 22 Swiss francs ($25 or 18 euros) an hour, or 4,000 francs ($4,515 or 3,280 euros) a month, is needed to survive in Switzerland, one of the world's most expensive countries.
If the voters agreed, the small nation nestled in the heart of Europe, would've gone from having no minimum wage to boasting the world's highest, far above the $7.25 in the United States, 9.43 euros in France, 5.05 euros in Spain and the recently agreed 8.00 euros in Germany, set to take effect next year.
Opponents have warned a minimum wage, and especially such a high one, would deal a death blow to many businesses and would weaken Switzerland's healthy economy.
Supporters counter that higher basic wages would boost the purchasing power of some 330,000 people, or one in 10 employees in the country.
People working in sales, services and farming, or as hairdressers and flight attendants, for instance, generally earn far less than the proposed minimum wage.
Fighter jet deal up in air
Polls have also long indicated Sunday's vote would spell the end for a 3.1-billion-Swiss-franc (2.5 billion-euro or $3.5-billion) deal a decade in the making to buy 22 Gripen fighter jets from Sweden.
But the gulf between the two sides has recently narrowed, leaving the vote on whether to fund the purchase on a knife-edge.
Critics argue Switzerland does not need new fighter jets and warn they could end up costing far more than the country has bargained for.
The government and other supporters meanwhile been campaigning hard to stress the importance of the new planes for Swiss security, and observers say the scale could still tip in their favour.
Among other issues on the table Sunday is an initiative that, if adopted, would automatically ban all convicted paedophiles from working with children for life.
A poll last month suggested 74 percent of voters welcomed the initiative. – Rappler.com