SWG's are pH neutral. Hydroxide is created in the process but so is chlorine. All chlorine reactions are acidic so, when you consider
ALL of the reactions involved, the chemistry is pH neutral, ie, just as much acidic hydronium (H3O+) is created when chlorine oxidizes bather waste or destroys pathogens as caustic hydroxide (OH-) is created inside the cell.
Aeration inside the cell is caused by hydrogen gas bubbles that are formed. The creation of those bubbles can capture dissolved CO2 gas in them and the subsequent loss of hydrogen gas at the returns (hydrogen gas does not dissolve in water to any significant extent) carries away CO2. The outgassing of CO2 causes pH rise because bicarbonate alkalinity in the water tries to maintain equilibrium and converts to dissolved CO2 through the consumption hydrogen.
You have had several posts recently where your chemistry comments are not accurate. Before you comment on pool water chemistry any further and since your are in the pool industry, I suggest you read these threads to educate yourself -
Certified Pool Operator (CPO) training -- What is not taught
Pool Water Chemistry
People naturally think SWG's cause a rise in pH because when they switch they go from having stable pH to having rising pH. However, they are attributing that pH rise to the wrong reasons. Most pool owners use acidic forms of chlorine (trichlor tablets and dichlor shock powder) and those acidic chlorine sources keep the TA and pH in check somewhat thus reducing the amount of acid needed to hold pH rise down. When they install an SWG and no longer use the acidic forms of chlorine, the pH rise increases and they need to compensate with more acid use.
The pH rise of almost all water systems is due to that fact that water has carbonate alkalinity in it. The pKa of the dissolved CO2/bicarbonate equilibrium is 6.5 and the pKa of the bicarbonate/carbonate equilibrium is about 8.4. Therefore pool water that sits right in the middle (around a pH of 7.6) will always have a tendency to rise toward a pH of 8.4 to satisfy the bicarbonate/carbonate chemical equilibrium. This is true regardless of the presence of chlorine.