"Anti foreigner sentiment"? Dear NYT, try to find an apartment in the EU or Switzerland. At best, you will get a furnished (to circumvent rent caps), overpriced 30 square meter dump that takes up 40% of your net salary.
Once that problem is solved, we can talk about "sentiments".
Walk around Google Geneva (edit: doh, Zurich - my coffee hasn't kicked in), Novartis Basel, or CERN and count how many "Swiss" nationals there are. A large portion are white collar immigrants from CEE or Asia, or French commuters.
Switzerland's comparative advantage as an innovation hub was due to it's permissive capital structures and historic openness to white collar immigration.
All that a rule like this does is incentivize moving jobs out of Switzerland. Heck, look at UBS axing 3,000 jobs across all functions in CH and shifting them to India [0] last Wednesday.
If UBS, Novartis, Google Geneva (edit: doh, Zurich - my coffee hasn't kicked in), etc cannot continue to attract employees they will leave, and given the extremely friendly FTAs and BITs Switzerland [1] has signed either unilaterally or part of the EFTA, it's extremely easy.
Heck, look at how Syngenta went from being a Swiss major that employed thousands in Switzerland to a Chinese major that is about to IPO in Hong Kong [2] in just a decade.
Already 1 out of every 3 Swiss businesses is planning to shift out of Switzerland (primarily to the EU and US, but Asia comes up as well) [3].
Switzerland doesn't have the same comparative advantage in finance 40 years ago (why Basel when I can go to London, Frankfurt, or Amsterdam) nor manufacturing (why CH and not DE or CN) and this kind of ruling puts it's entire life sciences industry - the last industry within which CH remains a global leader - in jeopardy.
Additionally, Switzerland is not in the EU and is dependent on the EU-Switzerland FTA. If this were to pass, it would violate that FTA with Switzerland's largest trading partner. The EU can severely push back against CH, and France+Germany+Italy would very much support such retaliation as it would help incentivize Swiss businesses to shift out of Switzerland.
Western societies are aging. If you don't take in immigrants (which is basically the government becoming the far right), you're on a timer. Your economy will slow, insecurity will rise, and the far right will surge anyway. It's happening to Japan.
As far as I can tell, the problem is inequality leading to widespread insecurity because the rich buy up housing. The right wing has no solutions. What you probably need is Vienna-style public housing and very high taxes to reduce inequality and fund social services. But then the rich always threaten capital flight to tank your economy.
Context as a Swiss person: One of the strongest political parties in Switzerland today is the SVP (german acronym) which is right-wing. It has won a strong plurality in national elections for easily a decade.
This vote, however, does not stem from the federal (or even state-level) government, but instead is an initiative launched by a group of conservative politicians which happen to be part of the SVP party. The Swiss Federal Council (executive body) has come out against this initiative.
Switzerland has a form of direct democracy, where any group of individuals can propose a change in laws and if they collect 100k signatures (within 18 months) this proposed text will be voted on by the whole country. Here is a list of all referendums, a subset of which are these initiatives: https://en.wikipedia.org/wiki/List_of_Swiss_federal_referend...
These initiatives are a frequent feature in Swiss politics, and not necessarily indicative of broadly popular legislation. In fact, whether or not an initiative is accepted is heavily correlated with the support it receives form the federal government. Give that they oppose it, I would bet against this passing.
There might be a population limit that a country wants to set, based on effects of population visible in employment, housing , transportation, and social services.
There might be a motivation to curb immigration from certain parts of the world, based on cultural factors and aligning more with one side of the political spectrum than the other.
I support that. If you tried doing the inverse, for example, migrate to an Islamic country and bring over Christianity there, you would not be welcomed at all. I’m an expat and one thing I’ve learned is to integrate myself with the culture of the country that adopted me, I believe this shows respect and that I am aligned with its values and principles.
This just makes no sense, because before all why 10 million? There is no scientific or proven reason for this number by the proposing party. The SVP position paper is 38 pages of cherry-picked stats but nowhere do they demonstrate why 10 million is the breaking point rather than 9.5 or 11. It is a round number chosen for a slogan.
The Federal Council's official message to Parliament dismantles the whole thing. Real GDP per capita grew 0.82 percent annually between 2002 and 2022, comparable to Norway, Austria, and Denmark. EU and EFTA nationals are net contributors to Swiss social insurance, paying significantly more into AVS, AI, and APG than they receive back.
The SVP frames asylum seekers as the most urgent part of the problem, but recognized refugees make up about 1 percent of total residents. Meanwhile 64 percent of net migration in 2024 came from EU and EFTA countries, overwhelmingly people filling jobs. This is not an asylum crisis, it is labor migration the Swiss economy actively demands.
The initiative would likely require denouncing the ECHR, the Geneva Refugee Convention, and other human rights treaties to hit an arbitrary number. The guillotine clause means killing free movement also kills Schengen and Dublin. And the Federal Council already negotiated a safeguard clause with the EU that allows limiting immigration in justified cases without blowing up the entire bilateral relationship. That is a scalpel.
This initiative is a sledgehammer aimed at a number someone picked because it fits on a poster.
Sorry, not sorry, but facts don't care about feelings.
19 comments
[ 26.7 ms ] story [ 76.9 ms ] threadOnce that problem is solved, we can talk about "sentiments".
Switzerland's comparative advantage as an innovation hub was due to it's permissive capital structures and historic openness to white collar immigration.
All that a rule like this does is incentivize moving jobs out of Switzerland. Heck, look at UBS axing 3,000 jobs across all functions in CH and shifting them to India [0] last Wednesday.
If UBS, Novartis, Google Geneva (edit: doh, Zurich - my coffee hasn't kicked in), etc cannot continue to attract employees they will leave, and given the extremely friendly FTAs and BITs Switzerland [1] has signed either unilaterally or part of the EFTA, it's extremely easy.
Heck, look at how Syngenta went from being a Swiss major that employed thousands in Switzerland to a Chinese major that is about to IPO in Hong Kong [2] in just a decade.
Already 1 out of every 3 Swiss businesses is planning to shift out of Switzerland (primarily to the EU and US, but Asia comes up as well) [3].
Switzerland doesn't have the same comparative advantage in finance 40 years ago (why Basel when I can go to London, Frankfurt, or Amsterdam) nor manufacturing (why CH and not DE or CN) and this kind of ruling puts it's entire life sciences industry - the last industry within which CH remains a global leader - in jeopardy.
Additionally, Switzerland is not in the EU and is dependent on the EU-Switzerland FTA. If this were to pass, it would violate that FTA with Switzerland's largest trading partner. The EU can severely push back against CH, and France+Germany+Italy would very much support such retaliation as it would help incentivize Swiss businesses to shift out of Switzerland.
[0] - https://www.reuters.com/business/finance/ubs-plans-hire-3000...
[1] - https://www.seco.admin.ch/seco/en/home/Aussenwirtschaftspoli...
[2] - https://www.reuters.com/world/china/syngenta-targets-up-10-b...
[3] - https://www.thelocal.ch/20251023/swiss-companies-set-to-relo...
As far as I can tell, the problem is inequality leading to widespread insecurity because the rich buy up housing. The right wing has no solutions. What you probably need is Vienna-style public housing and very high taxes to reduce inequality and fund social services. But then the rich always threaten capital flight to tank your economy.
This vote, however, does not stem from the federal (or even state-level) government, but instead is an initiative launched by a group of conservative politicians which happen to be part of the SVP party. The Swiss Federal Council (executive body) has come out against this initiative.
Switzerland has a form of direct democracy, where any group of individuals can propose a change in laws and if they collect 100k signatures (within 18 months) this proposed text will be voted on by the whole country. Here is a list of all referendums, a subset of which are these initiatives: https://en.wikipedia.org/wiki/List_of_Swiss_federal_referend...
These initiatives are a frequent feature in Swiss politics, and not necessarily indicative of broadly popular legislation. In fact, whether or not an initiative is accepted is heavily correlated with the support it receives form the federal government. Give that they oppose it, I would bet against this passing.
There might be a population limit that a country wants to set, based on effects of population visible in employment, housing , transportation, and social services.
There might be a motivation to curb immigration from certain parts of the world, based on cultural factors and aligning more with one side of the political spectrum than the other.
And will those people be exiled or taken out to the back?
Well, Europeans ever try their hand with the Jewish one? Seem to have some previous experience there.
Racism is bad people. This will hurt people living in Switzerland today and those who end up there in the future.
The Federal Council's official message to Parliament dismantles the whole thing. Real GDP per capita grew 0.82 percent annually between 2002 and 2022, comparable to Norway, Austria, and Denmark. EU and EFTA nationals are net contributors to Swiss social insurance, paying significantly more into AVS, AI, and APG than they receive back.
The SVP frames asylum seekers as the most urgent part of the problem, but recognized refugees make up about 1 percent of total residents. Meanwhile 64 percent of net migration in 2024 came from EU and EFTA countries, overwhelmingly people filling jobs. This is not an asylum crisis, it is labor migration the Swiss economy actively demands.
The initiative would likely require denouncing the ECHR, the Geneva Refugee Convention, and other human rights treaties to hit an arbitrary number. The guillotine clause means killing free movement also kills Schengen and Dublin. And the Federal Council already negotiated a safeguard clause with the EU that allows limiting immigration in justified cases without blowing up the entire bilateral relationship. That is a scalpel.
This initiative is a sledgehammer aimed at a number someone picked because it fits on a poster.
Sorry, not sorry, but facts don't care about feelings.