Swiss citizens will be able to vote on a minimum monthly wage of $2,800 after enough signatures were gathered on a petition. A date for the vote has not yet been announced.
A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of about $2,800 per month from the state, with the aim of providing a financial safety net for the population, according to MSN.
Organizers reportedly submitted more than the 100,000 signatures needed to call a referendum on Friday.
RT reports that anything less than the proposed amount would be deemed illegal, even for people working in the lowest paid jobs.
“It could be one of the landmark historical moments, like the abolition of slavery, or the civil rights movement — of course, those who don’t want it will find excuses, but those who do want it will find solutions,” Enno Schmidt, founder of the Basic Income Initiative, told RT.
Switzerland will vote later this year on another initiative to cap executive pay at the maximum of 12 times the lowest paid salary member. A CEO of a company in the country has talked of relocating his company if the measure succeeds.
“I can’t believe that Switzerland would cause such great harm to its economy,” Glencore CEO Ivan Glasenberg told the Swiss Broadcasting Corporation, according to RT.
As part of the celebration of submitting the signatures, organizers tipped a truckload of eight million 5-cent coins outside the parliament building in Bern, one for each person living in Switzerland.