Only if the Swiss are 100% insulated from the world economy.
When they export anything, those products will reflect the cost of labor and must face the competitive reality.
Currently, 50% of the Swiss GDP is because of their healthy exports and the balance of trade is very positive.
The VAST difference between the Swiss economy and the US economy, is that they run cash positive while we run cash negative, in terms of import/export.
The USA could sustain a $25/Hr. minimum wage longer than the Swiss could, but it would destroy either economy.
In a closed system, no immigration both legal and illegal, and no welfare a minimum wage would work.