The Flurry of Minimum- and Living-wage Initiatives

The surprise is not that the Swiss voted down, 76-24, a minimum wage of $25, which would have been the highest in the world. It is also no surprise that the Swiss voted down a 12-to-1 maximum ratio of top salaries to those at the bottom. The surprise is that these initiatives got to be voted on at all. Why are we seeing a surge of momentum for higher minimum wages, a living wage and limits to executive compensation? Piketty's Pirouette Credit the rising concern about inequalities in wealth and w...