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Swiss Reject World’s Highest Minimum Wage, Jet Purchase

Swiss voters rejected the world’s highest national minimum wage, striking down a proposal for an hourly rate of 22 francs ($25).

The measure, was opposed by 76.3 percent of voters, the government in Bern said today. Polls, including one by gfs.bern, forecast that outcome. Voters also rejected the acquisition of Gripen fighter jets by Saab AB for 3.1 billion francs.