Switzerland is the world’s most competitive economy
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Re: Switzerland is the world’s most competitive economy
#2It better be, given the cost of living and the salaries here… :-)
On a more serious note, although I have no idea how this report was produced, one might note that it was produced by the WEF (a business-friendly Swiss organisation) and that it may well be part of the ongoing political debate in Switzerland on how to implement the referendum result on restricting immigration.
I'm not saying it's right, wrong, objective, or not, I honestly have no opinion. Just providing some context.
Re: Switzerland is the world’s most competitive economy
#3It better be, given the cost of living and the salaries here… :-) On a more serious note, although I have no idea how this report was produced, one might note that it was produced by the WEF (a business-friendly Swiss organisation) and that it may well be part of the ongoing political debate in Switzerland on how to implement the referendum result on restricting immigration. I'm not saying it's right, wrong, objectiv…
Is the cost of living proportional to competitiveness?
Anyway, it seems like a mystery to me why tech firms like Google set up shop in small expensive Zurich instead of say cheaper, bigger Barcelona or Vienna, for example. I'd love to know what the incentives are for them.
Re: Switzerland is the world’s most competitive economy
#4It better be, given the cost of living and the salaries here… :-) On a more serious note, although I have no idea how this report was produced, one might note that it was produced by the WEF (a business-friendly Swiss organisation) and that it may well be part of the ongoing political debate in Switzerland on how to implement the referendum result on restricting immigration. I'm not saying it's right, wrong, objectiv…
Is the cost of living proportional to competitiveness? Anyway, it seems like a mystery to me why tech firms like Google set up shop in small expensive Zurich instead of say cheaper, bigger Barcelona or Vienna, for example. I'd love to know what the incentives are for them.
Proximity to both ETH and EPFL, two relatively well regarded academic institutions ?
Full disclosure: I'm certainly biased since I'm both Swiss and a recent graduate from EPFL.
Re: Switzerland is the world’s most competitive economy
#5I always feel like it is unfair how we place different European nations in same category as the US in these rankings or whatever, and for the US, we average over all the states in the US. As homogenous the US is, different states have different economies, different laws, in some cases, some slight but important cultural differences. Is it really fair to say have the US compete on terms of "competitiveness" or in other cases, happiness, education standards, with Netherlands, Switzerland, Sweden, or is it more fair to have them compete with California, Texas, New York, etc.
Re: Switzerland is the world’s most competitive economy
#6Not ranked so highly here: http://www.doingbusiness.org/rankings
They get big dings for 'starting a business' and 'protecting minority shareholders'.
Re: Switzerland is the world’s most competitive economy
#7Earlier quoted context omitted.
Is the cost of living proportional to competitiveness? Anyway, it seems like a mystery to me why tech firms like Google set up shop in small expensive Zurich instead of say cheaper, bigger Barcelona or Vienna, for example. I'd love to know what the incentives are for them.
Proximity to both ETH and EPFL, two relatively well regarded academic institutions ? Full disclosure: I'm certainly biased since I'm both Swiss and a recent graduate from EPFL.
Interesting. How many people do they snap up from there though?
Re: Switzerland is the world’s most competitive economy
#8Anyway, it seems like a mystery to me why tech firms like Google set up shop in small expensive Zurich instead of say cheaper, bigger Barcelona or Vienna, for example.
The reason is simple: tax-evation and the like.
Re: Switzerland is the world’s most competitive economy
#9It better be, given the cost of living and the salaries here… :-) On a more serious note, although I have no idea how this report was produced, one might note that it was produced by the WEF (a business-friendly Swiss organisation) and that it may well be part of the ongoing political debate in Switzerland on how to implement the referendum result on restricting immigration. I'm not saying it's right, wrong, objectiv…
Is the cost of living proportional to competitiveness? Anyway, it seems like a mystery to me why tech firms like Google set up shop in small expensive Zurich instead of say cheaper, bigger Barcelona or Vienna, for example. I'd love to know what the incentives are for them.
Well, in Google's case, there's ETH Zurich. Just today, I saw in the newspaper (WSJ university rankings[1]) that ETH was rated top of the pops globally in computer science. (On a related note, I remember vaguely that Disney built a research lab here in Zurich just because of one professor and his team.[2])
Also, in the good old times (= before the rise of right-wing populism and the referendum) Google could attract good people from all over Europe here because in terms of living standard and salary, it could be considered a step up from almost anywhere else in Europe.
Plus the central location and the infrastructure.
I think in the grand scheme of things, Zurich/Switzerland has a lot to offer. I've always felt that people who argue against Switzerland only on the basis of the high salaries and cost of living are a bit like people who argue against Apple on the basis of "speeds and feeds". There's a lot more to being business-friendly than being cheap.
But yeah, who knows, all this may change now, as indeed the report warns. Openness is a pretty big deal for a small, open economy like Switzerland.
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[1] EDIT: Just checked again, it was the Times Higher Education World University Ranking, as reported in the WSJ today. Direct link to table here: https://www.timeshighereducation.com/world-university-rankin...
[2] EDIT: Got curious from writing this and landed on their homepage. Their first sentence starts with: "Our lab in Zürich is perfectly placed for easy access to the Swiss Federal Institute of Technology Zürich (ETH)…" That kind of drives the point home, doesn't it? ;-) Source: https://www.disneyresearch.com/research-labs/disney-research...
Re: Switzerland is the world’s most competitive economy
#10Earlier quoted context omitted.
Is the cost of living proportional to competitiveness? Anyway, it seems like a mystery to me why tech firms like Google set up shop in small expensive Zurich instead of say cheaper, bigger Barcelona or Vienna, for example. I'd love to know what the incentives are for them.
Proximity to both ETH and EPFL, two relatively well regarded academic institutions ? Full disclosure: I'm certainly biased since I'm both Swiss and a recent graduate from EPFL.
Mostly irrelevant. I would be surprised if more than 10% of the Zurich-based Google engineers are Swiss or products of the Swiss education system.