{"id":20708,"date":"2014-05-16T13:51:16","date_gmt":"2014-05-16T17:51:16","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=20708"},"modified":"2014-05-16T13:52:02","modified_gmt":"2014-05-16T17:52:02","slug":"switzerland-no-minimum-wage-low-unemployment-high-standard-of-living","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/20708\/switzerland-no-minimum-wage-low-unemployment-high-standard-of-living\/","title":{"rendered":"Switzerland:  No Minimum Wage, Low Unemployment, High Standard of Living"},"content":{"rendered":"<p>It might surprise many people to learn that Switzerland has no minimum wage, as <em>The Wall Street Journal<\/em> <a href=\"http:\/\/online.wsj.com\/news\/articles\/SB10001424052702303948104579537930904069744?mg=reno64-wsj\" target=\"_blank\">reports<\/a>:<\/p>\n<blockquote><p>Switzerland will decide Sunday whether the country&#8217;s workforce should get something it has never had before:\u00a0 a minimum wage.\u00a0 On May 18, the Alpine nation will vote on an initiative to introduce a minimum wage of 22 Swiss francs ($25) an hour, a level that would be the highest in the world.&#8221;<\/p><\/blockquote>\n<p>But note the remarkably low Swiss unemployment rate:<\/p>\n<blockquote><p>Switzerland has an enviably low unemployment rate of 3.2%, but Boris Zuercher, head of the Swiss labor office, said the proposal would hurt the people it is designed to help if it makes it too expensive to hire low-skilled job seekers.&#8221;<\/p><\/blockquote>\n<p>So no minimum wage, low unemployment, and a famously high standard of living.\u00a0 The Swiss example is obviously something that domestic proponents of a minimum wage increase, including Barack Obama, should internalize.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It might surprise many people to learn that Switzerland has no minimum wage, as The Wall Street Journal reports: Switzerland will decide Sunday whether the country&#8217;s workforce should get something it has never had before:\u00a0 a minimum wage.\u00a0 On May 18, the Alpine nation will vote on an initiative to introduce a minimum wage of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2893,24,4499],"class_list":["post-20708","post","type-post","status-publish","format-standard","hentry","category-posts","tag-minimum-wage","tag-obama","tag-switzerland"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/20708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=20708"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/20708\/revisions"}],"predecessor-version":[{"id":20710,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/20708\/revisions\/20710"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=20708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=20708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=20708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}