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:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)