Thursday , November 14 2024
Home / SNB & CHF / Self-Employment declining in Switzerland

Self-Employment declining in Switzerland

Summary:
The percentage of Switzerland’s workers working for themselves has been slowly declining. In 2010, 13.7% of workers were self-employed. By 2017, the figure was 12.8% – self-employed includes those working as independents and those working for companies they own. Swiss (14.5%) are far more likely to be self-employed than foreigners (7.9%). This is partly explained by the low number of foreign farmers – farming is the Swiss industry with the highest percentage of owner operators (46%). ©-Boarding1now-_-Dreamstime.com_ - Click to enlarge The highest concentrations of self-employed are found among those over 65 (43.4%), 55-64 (19.7%) and 40-54 (15.5%). Far fewer young people opt to work for themselves. Only 1.4% of

Topics:
Investec considers the following as important: , ,

This could be interesting, too:

Frank Shostak writes Assumptions in Economics and in the Real World

Conor Sanderson writes The Betrayal of Free Speech: Elon Musk Buckles to Government Censorship, Again

Nachrichten Ticker - www.finanzen.ch writes Bitcoin erstmals über 80.000 US-Dollar

Nachrichten Ticker - www.finanzen.ch writes Kraken kündigt eigene Blockchain ‘Ink’ an – Neue Ära für den Krypto-Markt?

The percentage of Switzerland’s workers working for themselves has been slowly declining. In 2010, 13.7% of workers were self-employed. By 2017, the figure was 12.8% – self-employed includes those working as independents and those working for companies they own.

Swiss (14.5%) are far more likely to be self-employed than foreigners (7.9%). This is partly explained by the low number of foreign farmers – farming is the Swiss industry with the highest percentage of owner operators (46%).

Self-Employment declining in Switzerland

©-Boarding1now-_-Dreamstime.com_ - Click to enlarge

The highest concentrations of self-employed are found among those over 65 (43.4%), 55-64 (19.7%) and 40-54 (15.5%). Far fewer young people opt to work for themselves. Only 1.4% of those under 25 and 7.1% of those between 24 and 40.

Tertiary qualified people (15.3%) are far more likely to be their own boss than those with only a high school education (6.5%).

The self-employed work hard. 46.6% report working during the week and at weekends compared to only 13.9% of salaried employees. In addition, they take nearly 4 less days off a year – 21.9 versus 25.7.

In 2017, the rate of self-employment in Switzerland (12.8%) was below the EU average (14.5%).


Tags: ,
About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *