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Swiss TV: Voters reject minimum wage plan in 24 out 26 cantons

Voters cast their ballots in Bern, Switzerland Sunday May 18, 2014. Swiss voters were casting ballots Sunday on a nationwide referendum to introduce the world’s highest minimum wage of 22 Swiss francs (US $24.70) an hour. Voters also were deciding on three other citizen-inspired referendums, which are a frequent fixture of Switzerland's unique system of popular rule that involves a weak federal government and 26 strong cantonal (state) governments. The other referendums, if passed, would provide the Swiss Air Force with 22 of Saab’s new Gripen fighter jets; impose a lifetime ban on convicted pedophiles working with children; and amend the constitution to support more family doctors in rural areas. (AP Photo/Keystone,Peter Klaunzer)

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Voters cast their ballots in Bern, Switzerland Sunday May 18, 2014. Swiss voters were casting ballots Sunday on a nationwide referendum to introduce the world’s highest minimum wage of 22 Swiss francs (US $24.70) an hour. Voters also were deciding on three other citizen-inspired referendums, which are a frequent fixture of Switzerland's unique system of popular rule that involves a weak federal government and 26 strong cantonal (state) governments. The other referendums, if passed, would provide the Swiss Air Force with 22 of Saab’s new Gripen fighter jets; impose a lifetime ban on convicted pedophiles working with children; and amend the constitution to support more family doctors in rural areas. (AP Photo/Keystone,Peter Klaunzer)

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.

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