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Kurzarbeit is a concept whose time has come. I desperately hope that governments around the world consider emulating this excellent policy during the COVID-19 p
by ttul 7y ago
Kurzarbeit is a concept whose time has come. I desperately hope that governments around the world consider emulating this excellent policy during the COVID-19 pandemic and afterward. It's a great way to insulate economies from the harmful switching costs (i.e. firing and then rehiring and retraining) caused by a temporary economic downturn.
- icebraining 7y agoPortugal implemented this for COVID, I didn't even know it already existed in Germany. Employees get 2/3 of the regular salary, of which 30% is paid by the company and 70% by social security. Companies which ask for this are forbidden to fire anyone (except for cause).
- derision 7y agoIsn't this what the US just implemented too? You can apply for assistance through the CARES act for 100% of employee salaries and the loan is forgiven at the end if you don't lay off any of your employees
- icebraining 7y agoMaybe so, I wouldn't know.