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Large public works projects are great if you have mass unemployment and generally a lot of slack in the economy. The Swiss unemployment rate is 2.3%. I doubt th
by fauigerzigerk 7y ago
Large public works projects are great if you have mass unemployment and generally a lot of slack in the economy. The Swiss unemployment rate is 2.3%. I doubt there are many qualified electricians, plumbers, civil engineers or brick layers among them.
- petre 7y agoThey could import temporary workers EU with 5y work visas.
- fauigerzigerk 7y agoEU nationals have a right to work in Switzerland anyway, but there simply isn't a huge pool of unemployed, well educated and ready to move engineers and craftsmen anywhere in Europe. Even if these workers were available, I doubt that bringing them in would have much effect on exchange rates. Changing money supply proportional to the size of the population shouldn't do much, but correct me if I'm wrong. Migration certainly has a lot of benefits, but I don't think it's the right tool to manage exchange rates. Peoples' lives are less flexible than short term market gyrations.