If in doubt, have a referendum about it. That has been the Swiss formula for several decades, and it has recently been the cause of considerable angst within the local business community in general and among SMEs in particular. Until the last week of November, Swiss companies were threatened with the so-called “1:12 campaign” proposed by Switzerland’s rowdy Young Socialists.
Riled by what they regard as the widening gap between the country’s haves and its have-nots, leftists in Switzerland have called for the salaries of the highest-paid employees to be capped at 12 times those of workers at the lowest end of the pay scale at the same company.
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