BBC News - Switzerland rejects world's highest minimum wage
It's amazing how many times the left point to Europe, as being a bastion of Leftist Utopia. Granted they are not a leftist Utopia, by any stretch, and are very much Capitalist in many regards.
Apparently having Nestle and Novartis, collecting a cool $130 Billion in revenue a year, making billions in profit, is completely socialist.
Nevertheless, I came across this. Switzerland had a national referendum on the "living wage". The whole deal was shot down in public vote. Now look at the reasons.
The same reasons we've been pointing out here. It will raise prices, and kill employment.
So even the supposed socialist utopia, can figure out how destructive raising the minimum wage is, and they are moving away from it.
Meanwhile the ignorant and retarded here, are moving toward it.
It's amazing how many times the left point to Europe, as being a bastion of Leftist Utopia. Granted they are not a leftist Utopia, by any stretch, and are very much Capitalist in many regards.
Apparently having Nestle and Novartis, collecting a cool $130 Billion in revenue a year, making billions in profit, is completely socialist.
Nevertheless, I came across this. Switzerland had a national referendum on the "living wage". The whole deal was shot down in public vote. Now look at the reasons.
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.
The same reasons we've been pointing out here. It will raise prices, and kill employment.
So even the supposed socialist utopia, can figure out how destructive raising the minimum wage is, and they are moving away from it.
Meanwhile the ignorant and retarded here, are moving toward it.