Economy
As of 2007, Baden had an unemployment rate of 2.54%. As of 2005, there were 64 people employed in the primary economic sector and about 16 businesses involved in this sector. 7,745 people are employed in the secondary sector and there are 178 businesses in this sector. 13,933 people are employed in the tertiary sector, with 1,337 businesses in this sector.
As of 2000 there were 9,223 total workers who lived in the municipality. Of these, 5,567 or about 60.4% of the residents worked outside Baden while 15,103 people commuted into the municipality for work. There were a total of 18,759 jobs (of at least 6 hours per week) in the municipality.
In the 19th and 20th century Baden became an industrial town, main seat of the former Brown Boveri Company. Most industrial facilities have moved, but Baden is still the seat of many of the engineering services of ABB and the power service arm of Alstom. The former industrial quarter to the north of the city is now being redeveloped into offices, shopping and leisure facilities.
There is also a Casino in Baden.
Read more about this topic: Baden, Switzerland
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)