Labour market and labour laws
Switzerland has one of the most productive workforces of any national economy.
Its labour market is characterized by liberal legislation, light-touch regulation and exceptional social stability. Labour conflicts are solved through the productive relationship between labour and management. Strikes are rare. The social insurance system for workers is based on the principles of solidarity and personal responsibility. The high wages attract well qualified workers, and employers benefit from competitive unit labour costs thanks to low social security deductions.