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FWIW, in Germany, this increase has been masked by offering companies to pay a significant part of their staff salaries. So, the same authority that pays the un
by bflies 6y ago
FWIW, in Germany, this increase has been masked by offering companies to pay a significant part of their staff salaries. So, the same authority that pays the unemployed pays the employed with the same ratio, e.g. 67% of the net if companies apply for a full pause, means the employee doesn't have to work at all.
In the peak of covid this authority paid 8M of 34M employed people next to 3
M unemployed people, so round about one third of all workers were "unemployed" for a period of time.
- pacificmint 6y agoOne of the nice things about the german system is that when the crisis is over, the companies can ramp their workforce back up near instantaneously without hiring and training. Compare that to the US where they lay people off in a down turn, only to then have to rehire and retrain once the economy picks up again.
- bflies 6y agoWhat they do is highly debatable, while it gives some stability, people now complain that they have to work again for a little more money + there is some potential to abuse the system, e.g. companies get money and their staff is still working full-time. The market might backfire at some point and we should not assume that there will be a post-covid.
- wil421 6y agoBeing laid off means the company could hire you back if conditions improve. I’ve seen laid off people rehired.