Businesses fear for economy if Swiss vote to cap population at 10 million
Business leaders warn a yes vote could cut access to skilled workers and reduce Swiss economic growth by 7.1%, according to BAK Economics.
- On June 14, Swiss citizens vote on a referendum to cap the population at 10 million, a measure businesses warn could trigger an economic crisis by threatening essential international accords.
- Should the population reach 10 million, Bern must terminate international agreements including EU free movement; BAK Economics chief economist Claude Maurer warned this could reduce growth by 7.1 per cent, equating to 685 billion Swiss francs in losses.
- Roche stated "Companies depend on access to qualified workers- especially from the EU," while hotel CEO Martin von Moos warned that without foreign staff, "the hotel simply wouldn't function."
- SVP lawmaker Yvan Pahud argued the country has experienced the highest population growth in recent years, straining infrastructure; Rudolf Minsch of economiesuisse countered that the proposal is a 'populist attempt' addressing complex issues simplistically.
- Facing an aging population where those aged 20-64 will fall to 56 per cent by 2055, opponents highlight that 39 per cent of company founders are foreign, illustrating immigration's economic necessity.
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25 Articles
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