“What about the Swiss unemployment rate? It ranges from 2-3 percent. Compare that to a permanent unemployment rate of 40 percent for black teenagers in the United States, who are locked out of the labor market by the federal government’s minimum-wage laws.  America is mired in a debate over how much the minimum wage should be raised. That’s the wrong debate. The debate should be over whether the minimum wage should be abolished entirely. And it should be! Perhaps the Swiss defeat of a national minimum wage for their country will shed some light on the direction the United States should take.”

http://fff.org/2014/05/20/a-glimmer-of-light-from-switzerland/

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