Swiss reject plan to create world's highest minimum wage: TV reports
Voters cast their ballots in Bern, Switzerland on Sunday May 18, 2014. (AP / Keystone / Peter Klaunzer)
The Associated Press
Published Sunday, May 18, 2014 8:40AM EDT
Last Updated Sunday, May 18, 2014 10:00AM EDT
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.