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Swiss voters say no to increasing minimum wage

Published:Monday | May 19, 2014 | 9:12 AM

Swiss voters have overwhelmingly rejected a proposal to introduce what would have been the highest minimum wage in the world.



The controversial matter was put to a referendum.



Under the plan, employers would have had to pay workers a minimum 22 Swiss francs an hour.



Supporters said the move was necessary for people to live a decent life.



However, critics argued that it would raise production costs and increase unemployment.



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