While we argue about a guaranteed minimum wage, Switzerland is considering a guaranteed minimum income. The Swiss will vote in a national referendum on whether or not to give themselves a guaranteed income of $33,600 per year, whether they work or not.
Switzerland, one of the world’s wealthiest countries, is engaged in an intense process of soul searching – about money.
This year alone there have been two nationwide referendums on executive pay, one of which approved strict limits on bonuses and banned golden handshakes.
Now two more votes are on the way, the first on the introduction of a minimum wage, and the second, and most controversial, on a guaranteed basic income for all legal residents, whether they work or not.