Economy
As of 2007, Morcote had an unemployment rate of 3.68%. As of 2005, there were people employed in the primary economic sector and about businesses involved in this sector. 33 people were employed in the secondary sector and there were 6 businesses in this sector. 228 people were employed in the tertiary sector, with 39 businesses in this sector. There were 341 residents of the municipality who were employed in some capacity, of which females made up 41.3% of the workforce. In 2000, there were 233 workers who commuted into the municipality and 211 workers who commuted away.
The municipality is a net importer of workers, with about 1.1 workers entering the municipality for every one leaving. About 24.5% of the workforce coming into Morcote are coming from outside Switzerland, while 0.9% of the locals commute out of Switzerland for work. Of the working population, 6.7% used public transportation to get to work, and 57.5% used a private car.
As of 2009, there were 3 hotels in Morcote with a total of 40 rooms and 79 beds.
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)