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:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)