The bases of this modern-day welfare state had been put down by British economist William Beveridge in 1942 when he had been tasked with the united kingdom authorities to think of an extensive system of social insurance which may be put into place once peace was achieved to increase the economy and reduce poverty.
He suggested that all working people must contribute to the country, which in trade could cover the unemployed, the ill, the retired and the widowed. It formed the foundation of the contemporary welfare state.
A safety net“Employees face an excruciating choice between their job, their families and […]
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