The High Cost of Minimum Wages

Subject: The High Cost of Minimum Wages Sat May 31, 2014 9:49 pm

In Switzerland on May 18 there was a vote to establish a minimum wage rate at a world record $25 an hour: the vote was rejected overwhelmingly as an estimated 76 percent voted against it.

The High Cost of Minimum Wages Zero-hours-work-factory-low-paid

The High Cost of Minimum Wages Zero-hours-work-factory-low-paid

As USA Today reported, there have been strong opinions in both directions. Luisa Almeida, a Portuguese immigrant working in Switzerland, said that she’s against the increase because according to her,“if my employer had to pay me more money, he wouldn’t be able to keep me on and I’d lose the job.” Furthermore, even though Switzerland does not currently have any laws regarding minimum wage rates, Luisa said she already makes more than she would at home in Portugal (where minimum wage is $4.19 per hour).

More: http://www.marketoracle.co.uk/Article45850.html
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The High Cost of Minimum Wages

The High Cost of Minimum Wages

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