Now Playing Tracks

Switzerland’s Proposed New Law To Link Executives’ Pay With Their Lowest Paid Workers Could Lead To A Banking Exodus

Switzerland will vote on Sunday on whether to limit the salaries of top executives so they don’t earn more in a month than the lowest paid workers earn in a year, a move that could mean big pay cuts for business leaders earning millions.
The so-called 1:12 initiative for Fair Pay, the latest attempt to narrow a growing wage gap in one of the world’s wealthiest nations, was brought about by the youth wing of the Social Democrats (JUSO), who gathered the 100,000 signatures needed to force a nationwide vote.

Despite its high standard of living, Switzerland is a generally egalitarian country, increasingly unhappy with rising wealth inequality as wages of executives balloon while those of low-skilled workers lag.

115 notes

  1. mademoiselle-red reblogged this from thinksquad
  2. kryptoniteyo reblogged this from citiznkate
  3. tearsofmana reblogged this from tamasyn-gainnes
  4. tamasyn-gainnes reblogged this from gravedyke
  5. seekoutstarlight reblogged this from fuckyouihaveacravat
  6. another-damn-ghost reblogged this from lisaquestions
  7. hellaswaggie reblogged this from milesofkinman
  8. trans-fi reblogged this from gravedyke
  9. moderndayriotgrrrl reblogged this from emopunx
  10. thebestcompanion reblogged this from spork-fairy
  11. fuckyouihaveacravat reblogged this from the-empire-skanks-back
  12. emopunx reblogged this from the-empire-skanks-back
  13. white-hare reblogged this from swedishforestpunk
  14. attemptingtodiscoverwheretobegin reblogged this from thehairybassist
  15. devinanddevin reblogged this from citiznkate
  16. thehairybassist reblogged this from drunxaspunx
  17. gravedyke reblogged this from lisaquestions
  18. bane469 reblogged this from elfboi
  19. citiznkate reblogged this from drunxaspunx
  20. lisaquestions reblogged this from iwishiwasatraveler
  21. spork-fairy reblogged this from swedishforestpunk
  22. peterpanmoominman reblogged this from swedishforestpunk
  23. swedishforestpunk reblogged this from bizarreplague
  24. bizarreplague reblogged this from drunxaspunx
  25. elfboi reblogged this from bwansen
We make Tumblr themes
View My Stats