Two years ago, Swiss voters had a national referendum that would have set the nation’s minimum wage at $25 an hour, ten dollars more than what is being proposed in the United States. I’ll bet you’ll never guess how the referendum came out. It went down to defeat, big time. 76.3 percent of voters voted no to the referendum.

Why did Swiss citizens reject that very generous minimum-wage proposal? Was it because they don’t like money? Was it because they … Continue reading Minimum-Wage Smartness in Switzerland