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Old 20.04.2011, 16:02
Pops Pops is offline
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Re: CHF=EUR parity. When will it happen?

It is very interesting and hard to believe that companies move here if they have many staff. If one looks at the trend, it must not look very positive in terms of expenses unless one is saving a lot more in taxes. Where is the tipping point. Switzerland must be far away from the tipping point because it is nearly impossible to find locally based talent, and wage expectations keep rising. I think that the likely result is a decimated service industry with only the ultra rich being able to afford any services. The rest of us will have to go to surrounding countries to spend our over-valued Francs.
The best term I heard for this refers to Switzerland as a "Rich Ghetto." Everything is over-priced but we are forced to live.
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