Economy
As of 2010, Wangen bei Olten had an unemployment rate of 3.9%. As of 2008, there were 18 people employed in the primary economic sector and about 8 businesses involved in this sector. 578 people were employed in the secondary sector and there were 29 businesses in this sector. 1,957 people were employed in the tertiary sector, with 105 businesses in this sector. There were 2,407 residents of the municipality who were employed in some capacity, of which females made up 44.2% of the workforce.
In 2008 the total number of full-time equivalent jobs was 2,150. The number of jobs in the primary sector was 12, all of which were in agriculture. The number of jobs in the secondary sector was 547 of which 433 or (79.2%) were in manufacturing and 108 (19.7%) were in construction. The number of jobs in the tertiary sector was 1,591. In the tertiary sector; 96 or 6.0% were in wholesale or retail sales or the repair of motor vehicles, 1,070 or 67.3% were in the movement and storage of goods, 56 or 3.5% were in a hotel or restaurant, 13 or 0.8% were in the information industry, 15 or 0.9% were the insurance or financial industry, 29 or 1.8% were technical professionals or scientists, 43 or 2.7% were in education and 112 or 7.0% were in health care.
In 2000, there were 1,506 workers who commuted into the municipality and 1,777 workers who commuted away. The municipality is a net exporter of workers, with about 1.2 workers leaving the municipality for every one entering. Of the working population, 22.9% used public transportation to get to work, and 51.1% used a private car.
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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)
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—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)