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The proposal to set the minimum wage at $25 was rejected by 70% of Swiss voters in May 2014. The Swiss Trade Union Federation says about 90% of Swiss workers already make over $25 an hour. Voters were concerned that the minimum wage set by the initiative would affect the Swiss apprentice system.
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Business and labor organizations both support increasing the minimum wage and see a modest impact on jobs in March 2014. A key is that business has 2 years till 2017 to adjust in the new proposed law, and that the proposed $8.50 is already close to 50% of the median wage. The impact in improving wages will be felt in the lower wage restaurant and service sector, and in the eastern part of Germay. About 5 million workers would benefit. There are also exemptions for young workers of 18 years of age and workers with long periods of unemployment, a clause that could also be adopted in the U.S. to minimize impact on job loss.
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German Minimum Wage Plan Gains Backing From Businesses
Wall Street Journal 03/29/2014
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Wall Street Journal 05/16/2014
Australia Weighs Whether Its Minimum Wage Is Too High
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Opinion | It Doesn’t Matter Who Replaces Merkel. Germany Is Broken.
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Michigan Becomes Seventh State This Year to Raise Minimum Wage
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California Set to Raise State Minimum Wage
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A new coalition government of the CDU-SPD has support from the German public and includes such policies as raising the minimum wage to 8.50 euros an hour, tighter financial markets regulation, and a shift to a growth and employment strategy for the EU.
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Germany's Social Democrats Agree to Coalition Talks With Merkel
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