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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“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)
“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)
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