Swiss TV: Voters reject minimum wage plan in 24 out 26 cantons

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GENEVA – The Swiss have rejected a referendum proposal to create the world’s highest minimum wage in 24 of 26 cantons, according to Swiss TV.

The idea of creating the world’s highest minimum wage was criticized by government and business leaders as likely to drive Switzerland’s high costs even higher.

The Federal Council was expected to hold a news conference shortly to announce official results.

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