The welfare state was the product of two world wars, between which there had been global economic collapse, hyper-inflation, poverty and wage disparity.
Liberal economist William Beveridge’s reforms were, arguably, the largest shift in societal, political and economic policy in the democratic age.
People could turn to the state when they fell ill and had an income if they lost their jobs or were unable to work.Now, as we look beyond coronavirus, politicians and economists alike are suggesting ways to mitigate the lows of the labour market, stock market and globalised economies.One such idea, trialled in various countries, but not formally […]
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