
Hoopa Emperor
9.2K posts

Hoopa Emperor
@HoopaEmperor
Passionate madter of typos






Switzerland GDP per capita in the last 20 years has been as stagnant as Germany's. In USD terms, it grew a bit more, since the Swiss Franc has appreciated a lot compared to the dollar. But also not that much. If the country is so innovative... And its economy so advanced and productive... Why isn't GDP per capita growing much more? Shouldn't the average Swiss be able to produce more value, compared to decades ago, after decades of innovation? The answer is no, and that's because: 1. Swiss people work less Huge amount of part-time workers, 17% of men, ~50% of women. 2. They're older Aging population means larger share of population sitting in economically unproductive societal roles. I.e. retirees hiking or sitting at home. 3. The Swiss Franc keeps getting stronger Companies need to cut their margins, can't afford to raise salaries, if they want to stay competitive. Product innovation apparently not enough to raise prices significantly to offset this. 4. Low productivity industries grow As population ages, elderly care, construction and healthcare industries grow. And they're less economically productive than tech, luxury or pharma. ---- It's interesting to look at the below table, and see how Switzerland's growth has been similar to Germany's, despite being more innovative. Or just marginally higher than Germany, in USD-terms. Also interesting to see how Italy completely destroyed its economy and how Poland built one almost from scratch. BTW, as you can see here too: talking about "the West". as if it's one big country, is ridiculous. There's very different Wests within the big West.










British woman: If I had to pick between an island with patriotic right wing men and muslim men, "I would 100% feel safe and secure on the island with muslim men"


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