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One 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.

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What 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.

Being laid off means the company could hire you back if conditions improve.

I’ve seen laid off people rehired.

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