The massive rejection of the "Decent Salary" initiative was widely seen as a slap in the face to its union backers, who insist at least 22 Swiss francs ($25, 18 euros) an hour, or 4,000 francs ($4,515, 3,280 euros) a month, is needed to get by in Switzerland.Meanwhile, activists elsewhere seem intent on continuing to shoot blanks...
If it had passed, Switzerland would have gone from having no national minimum wage to boasting the world's highest, far above the $7.25 in the United States and 9.43 euros in France.
But the initiative flopped as voters heeded warnings from government and other opponents that it would deal a death blow to many businesses and would weaken Switzerland's healthy economy.
Swiss Economy Minister Johann Schneider-Ammann hailed the result, insisting the country had dodged a bullet.
Sunday, May 18, 2014
Common sense prevails in Switzerland: