No, still wrong: it has one collective bargaining agreement politically negotiated between the nation's collective labor reps and the nation's collective employer reps, establishing a single minimum wage for the entire country. The country has one minimum wage, it applies to every major employer both corporate and government alike, it is legally binding, and it is enforced at gunpoint by the government. It is the tenth highest national minimum wage in the world, higher than the US Federal minimum wage, higher than the minimum wages of any of its neighbors except France.michael said:So you agree the Switzerland has NO minimum wage written into law. Yes, it does have collective bargaining agreements between individuals and employers. I have no problem with this so long as the employer is a private company.
You can't even get this stuff right with the information posted directly in front of your face, the internet at your fingertips.
It is going to the polls in a couple of weeks to vote on a guaranteed minimum income for every Swiss adult, paid for by taxes. Right now it looks like the idea will be voted down - but it's something the Swiss find reasonable to consider.michael said:So, yes, Switzerland has a high minimum due to being more capitalistic
The Swiss medical insurance system resembles Obamacare, except it forbids making a profit on the basic required coverage that all plans must provide. When the Heritage Foundation invented Obamacare, and Mitt Romney adopted it for Massachusetts to head off the growing popularity of single payer plans, they included capitalistic profit under the daydream that it would create "competition" and "drive down prices". The Swiss are not that naive, and not that ignorant of the mechanisms of capitalistic markets, but even the Swiss ahve not been able to avoid the higher costs of bureaucratic inefficiency associated with multiple payers and corporate competition in medical care - the Swiss system is one of the most expensive on the planet.
That's good news. Maybe when guys like you have died off we can get what we all want and have already paid for - single payer, with its cost benefits and higher quality care delivery.michael said:ZeroHedge: A stunning 57% of 18-29 year olds disapprove of Obamacare.