Schneider-Ammann and Minimum Wage

minimum wage: Swiss voters will decide in a popular vote on May 18 if they want to introduce a minimum wage of 22 Swiss francs $24.73 an hour, or 4,000 francs a month, much higher than in other countries. , according to Reuters. A minimum wage of 4,000 francs could lead to job cuts and even threaten the existence of smaller companies, notably in retail, catering, agriculture and housekeeping, Schneider-Ammann. "If jobs are being cut, the weakest suffer most," he said. Switzerland - Introducing the world's highest minimum wage would hurt Switzerland's competitiveness and lead to job cuts, harming precisely those low-income workers it is designed to help, the Swiss government said on Tuesday. "The government is convinced it would be wrong for the state to impose a nationwide wage," economy minister Johann Schneider-Ammann told a media conference. (www.immigrantscanada.com). As reported in the news.