Economy
As of 2007, Vico Morcote had an unemployment rate of 6.04%. As of 2005, there were people employed in the primary economic sector and about businesses involved in this sector. 1 person was employed in the secondary sector and there was 1 business in this sector. 125 people were employed in the tertiary sector, with 9 businesses in this sector. There were 118 residents of the municipality who were employed in some capacity, of which females made up 42.4% of the workforce.
In 2000, there were 46 workers who commuted into the municipality and 79 workers who commuted away. The municipality is a net exporter of workers, with about 1.7 workers leaving the municipality for every one entering. About 26.1% of the workforce coming into Vico Morcote are coming from outside Switzerland, while 7.6% of the locals commute out of Switzerland for work. Of the working population, 5.1% used public transportation to get to work, and 60.2% used a private car.
As of 2009, there was one hotel in Vico Morcote. Vico Morcote contains a number of small hotels and restaurants. It is also home to a villa run by the International Institute of Architecture (I2A), the European branch of the Southern California Institute of Architecture.
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Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)