Worried about upsetting Switzerland’s strong economy or driving its high costs even higher, more than three-quarters of Swiss v**ers rejected a plan Sunday to create the world’s highest minimum wage and slightly more than half spurned a request to outfit the Swiss Air Force with 22 new fighter jets.
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The Organization for Economic Cooperation and Development, which adjusts figures for spending power, lists the highest current minimum wage as Luxembourg’s at $10.66 an hour, followed by France at $10.60, Australia at $10.21, Belgium at $9.97, and the Netherlands at $9.48. The U.S. wage, an adjusted $7.11 down from the actual $7.25 rate, came 10th on the list.