I'm so happy we have Kurzarbeit[1] in Germany.
Our CEO told us today that they're planning for it. I don't know yet, whether I will be on it, but I assume that I will.
And it's infinitely better than losing my job.
Our CEO told us today that they're planning for it. I don't know yet, whether I will be on it, but I assume that I will.
And it's infinitely better than losing my job.
That's different than a layoff. I'd happily accept a reduction in pay and work hours over a 100% pay cut and temporary layoff, if that's what it took to keep my company alive during a temporary economic downturn.
That article also states that you can participate in training, which will actually give you the chance to maintain your income. Pretty cool, I think.
A free market is very inept at solving this problem because no single company is going to make the long term investment required to foresee future recessions and implement a war chest sufficient to offer Kurzarbeit. But the state can think ahead and generate a public good from this kind of program.
Not quite, I think the government makes up for 60% or so of the income difference, but I'll have to look it up later myself.