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One of the reasons I immigrated to Switzerland is direct democracy and stability. Since two hundred something years Switzerland is politically neutral. It is ra
by s3nnyy 11y ago
One of the reasons I immigrated to Switzerland is direct democracy and stability. Since two hundred something years Switzerland is politically neutral. It is ranked the most stable economy in the world and the most competitive nation (https://www.quora.com/Why-is-Switzerland-the-most-competitive-economy-in-the-world https://www.quora.com/Why-is-Switzerland-the-most-competitiv...). The Swiss Franc is the sixth most-traded currency in the world. If you get your salary in Swiss Francs, you maximize the chances that the salary you earn will actually be worth something in the future and is not just paper.
If you look for a tech-job in Switzerland, I work as a tech-recruiter in Zurich. Check out my story "8 reasons why I moved to Switzerland to work in IT" on https://medium.com/@iwaninzurich/eight-reasons-why-i-moved-to-switzerland-to-work-in-it-c7ac18af4f90 https://medium.com/@iwaninzurich/eight-reasons-why-i-moved-t... and / or send me a mail to the address in my HN-profile.
- heelhook 11y agoWhat kind of IT companies are there in Switzerland? I can't name off the top of my head any products or innovative organizations coming out of there.
- s3nnyy 11y agoSwitzerland is only 8 million inhabitants, thus it obviously can't produce on Chinese/US/German scale. Some Swiss IT-highlights include: - The biggest Google software engineering office outside California (around 2000 employees). - Logitec - ETH university - Many ETH-spinoff/startups: Doodle, Bitspin (bought by Google), Teralytics, Archilogic, Fashwell, Getyourguide, Numbrs and I surely forgot many others.
- etqwzutewzu 11y agoMicrosoft, IBM, Cisco, etc., etc.
- yowid 11y agoVoat [0] [0] https://www.voat.co/ https://www.voat.co/
- lgieron 11y ago> If you get your salary in Swiss Francs, you maximize the chances that the salary you earn will actually be worth something in the future and is not just paper. Or, when living in a country with untrustworthy currency, you can just exchange your savings to USD (or CHF etc.) and have them equally protected.
- s3nnyy 11y agoThe downsite is that you loose liquidity then. Assuming you live in Russia, how / where are you going to buy bread with USD, let alone with CHF?
- lgieron 11y agoI don't know about current Russia, but in communist Poland (with a terrible currency) you could exchange the USD for a local currency in an instant on a black market, and at an extremely favourable rate (which reflected the weakness of the local currency).
- pbosko 11y agoIn Yugoslavia all deposits were blocked at one point. You couldn't withdraw your own money from the bank. So, it's not the same which country are you living in.
- lgieron 11y agoI'd keep my long-term savings in a foreign bank, so the authorities could at most get my grocery and rent money (still bad, but not quite as devastating). If foreign bank was not an option, I'd just keep my money in the proverbial matress - in fact, that was a common option for saving in communist Poland (US dollars stored at home).
- irixusr 11y agoYour comment suggests you've never lived in a country where you would want/need to exchange your currency. The smart money (I.e. politically well connected) gets to exchange their money. As soon as every one else finds out, capital controls have been introduced. The politically well connected, usually, get to continue exchanging their money at an artificial rate.
- luch 11y agoAs someone who has worked in Switzerland, how did the Swiss Franc cap removal (against dollar) has impacted tech industries around Zurich ? Some of them took a 40% hit on their margins.