Speed Reads

Show me the money

Switzerland's minimum wage may soon be three times as high as America's

Michele Tantussi / Getty Images

If you thought President Obama's minimum wage proposal was audacious, get a load of this. Swiss voters head to the polls Sunday to cast ballots on whether to establish the world's highest minimum wage. If passed, Switzerland would wind up with a minimum wage of 22 Swiss francs — or roughly $24.65 — per hour.

Meanwhile, the federal minimum wage in the United States has remained unchanged at $7.25 for half a decade. Senate Republicans last month filibustered a Democrat-led effort to raise the wage floor to $10.10 per hour.