Why does the Swiss model work so well? Because Switzerland is a working, decentralized, federal republic based government with a weak executive branch and ultimate power in the cantons (states). As such,when a ridiculous minimum wage bill goes up for a vote, an astounding 76% of Swiss voters vote no thanks. And when a plan is put forth to buy a load of expensive Swedish fighters, the Swiss again vote no in favor of fiscal discipline. Americans can use the Swiss model as a template in the dismantling of our corrupt and burdensome corporate-statist straight jacket form of big government. Ralph Nader’s Unstoppable succinctly outlines a battle plan for immediate action. The AFP reports here.
A proposal to introduce a minimum wage so high it could pass for mid-management pay elsewhere, was rejected by 76,3 percent of Swiss voters.
A series of referendums in Switzerland also saw voters nix a multi-billion-dollar deal to buy fighter jets from Sweden and massively support a lifelong ban on convicted paedophiles working with children.
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.
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.
– Threat to businesses –
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.
Introducing the minimum wage, he told reporters, would have led to “layoffs” and made it “more difficult for people with few qualifications to find a job.”
Farmers, small business owners and employer organisations also welcomed the results.
Latest posts by Richard C. Young (see all)
- Intelligence on Retired Marine Gen. Mattis from Cato’s Chris Preble - December 8, 2016
- Islam Poses a Huge Risk to the U.S. - December 8, 2016
- How About 100,000 Somalis? - December 8, 2016