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The Swiss Reject Setting a Minimum Wage


RUSH: Do you know what the minimum wage in Switzerland is?  Anybody in there want to take a guess?  What is the minimum wage in Switzerland?  There isn't one.  No.  No.  Zero.  There is no minimum wage.  (interruption)  Yeah.  Interesting question.  How in the world is anybody employed without a minimum wage?  How does anybody live without a minimum wage?  How in the world can that be possible?  I mean, no minimum wage?  How do people live? 

So they just had a referendum to establish a minimum wage of $25 an hour.  And many people thought, "Well, that's a slam dunk," because it's Switzerland.  It bombed.  The vast majority of voters in Switzerland rejected a $25 minimum wage in a national referendum.  Switzerland, you may not know this because they've got this big neutrality thing going, they don't choose sides.  Switzerland is totally free market.  Switzerland, the majority rules, as in democracy. 

They do not meddle in global affairs under the guise of "humanitarian, liberating, and democracy-spreading." The don't do any of that.  In other words, as Zero Hedge writes, "If you want a country that respects free markets, believes in listening to the voice of the majority, and is against meddling in global affairs," move to Switzerland. 

"If you want a country controlled by a few academic central-planners with no real world experience, in which the executive usurps power issuing one executive order after another with zero checks and balances, and which will incite a global war if it must with the help of doctored YouTube clips in order to achieve its global national interest, then move... anywhere else.

"Six months ago, it was this same Switzerland that, contrary to the prerogatives of the pervasive 'fairness doctrine' taking the new socialist world by storm, rejected imposing limits on executive pay. Then mere hours ago, in a move that would give president Obama wealth redistribution nightmares for months, a whopping 77% of Swiss voters rejected an initiative for a national minimum wage of 22 francs, or just under $25, per hour, according to projection by Swiss television SRF. And confirming that when it comes to anti-socialism, Switzerland may well be the last bastion.

"How dare Switzerland not pretend supply and demand doesn't matter and one can circumvent the laws of common sense and enforce employment and wages by diktat? Simple: Government ministers have fought against the measure and insisted it will damage the economy, running small companies out of business and making it harder for young people to find employment."

Economic Minister Johann Schneider-Ammann told The Christian Science Monitor. "A minimum wage won’t stop poverty. This system would be counterproductive." Switzerland currently has no minimum wage, but you know what the median hourly wage is in Switzerland?  Median, meaning there are as many above -- $37 an hour.  Median wage, $37.  Now, remember, they don't have a defense department. They're neutral.  They don't get involved in foreign entanglements but they've got no minimum wage. 

"How do they do it?  How do they do it, Mr. Limbaugh, with no minimum wage? How do people survive in Switzerland? How does a family of four survive with no minimum wage?" 

Well, you see what happens in Switzerland, if you want to get a job, you have to learn how to do something.  Not just show up. 
And then after you get the job, you do have to show up, but you have to learn to do something.  If you get a job in Switzerland, you are essentially agreeing that you're going to work.  (interruption)  It is a great concept.  It is a great concept worth emulating.  Yeah, I don't know.  We'll have to find the guy that came up with this.  Can you imagine how mad Obama's gonna get when he finds out that Switzerland voted down by 77% a minimum wage, of anything, 25 bucks an hour?  And then when he learns there isn't a minimum wage?  Would you want to be the person that has to tell him that? 

Washington Post.  Headline:  "Federal Health-Care Subsidies May Be Too High Or Too Low For More Than 1 Million Americans -- The government may be paying incorrect subsidies to more than 1 million Americans for their health plans in the new federal insurance marketplace and has been unable so far to fix the errors, according to internal documents and three people familiar with the situation."

Wait 'til Obama finds out about this one.  Wait 'til Obama finds out that a lot of people are being subsidized much more than they are owed according to the plan.  Wait'll they find out.  Wait'll they have to go tell him that only three people knew about this.  Obama didn't know that people were being subsidized unfairly, getting more than they should. 

It says here in the Washington Post: "The government has identified these discrepancies but is stuck at the moment. Under federal rules, consumers are notified if there is a problem with their application and asked to upload or mail in pay stubs or other proof of their income. Only a fraction have done so, according to the documents. And, even when they have, the federal computer system at the heart of the insurance marketplace cannot match this proof with the application because that capability has yet to be built."

This is incredible!  We're over-subsidizing over a million people, and even when people send in proof it can't be matched up.  And they had three years to build this website, and once again, a blatant demonstration of the rampant, total incompetence of this administration to run anything.  But they're trying, and they really want people to get subsidized right. They want people to have health care. They really care. At least they're trying.  And that's how they get through all this. 

The unemployment rate in Switzerland, with no minimum wage, is 3.2%.



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