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Editor's Insight: Swiss slap down unions' push for minimum pay rate

Mon, 19 May 2014

Swiss voters have rejected a trade union bid to establish a minimum wage in one of the world’s richest countries.

The weekend referendum under Switzerland’s direct democracy system proposed an hourly rate of 22 francs ($28.40) or 4000 francs a month ($5189 a month or $62,300 a year).

The

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Editor's Insight: Swiss slap down unions' push for minimum pay rate
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