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They are. What I was taught in macroeconomics in this topic (excuse me if I get something wrong, it’s been a few years) In general it’s very expected unemploy
by erinnh 3y ago
They are.
What I was taught in macroeconomics in this topic (excuse me if I get something wrong, it’s been a few years)
In general it’s very expected unemployment to „generally“ be higher in Germany.
Because it’s harder to fire people here, people also get hired somewhat slower.
However in the flip side it’s also expected that during harsh economic times people will be fired less because of how „hard“ it is to hire people.
So it’s a trade-off.
- BonoboIO 3y agoAlso there programs like „Kurzarbeit“ rough translation would be „Shortened Work“. Where you get 60%-85% of your salary (after tax) without work or with way less ours, if the employer has no work/less work (like covid period). It’s payed mostly by the state. Up to 12 month. Regulations are strict. Prevents layoffs and helps starting the upturn of production like automobile industry, where it takes months or half a year to start ramping up production.
- carstenhag 3y agoKurzarbeit is funded by unemployment insurance, which you pay when you have a job. It is correct though that during covid, the funds ran a bit empty and the government had to fill it up again with unrelated tax money (afaik)
- BonoboIO 3y agoMy mistake. You are correct.