As countries in Europe and North America emerge from lock-down and start trying to rebuild their devastated economies, the great concern is jobs.
Unemployment in the U.S. and Canada is over 13%, a post-Second World War high. If it weren’t for subsidies that keep up to a fifth of the working population in paid ‘furloughs’ from their jobs, jobless rates in Europe would be as high or higher. That can’t go on forever, so there is a frantic search for job-saving strategies – and the ‘four-day work week’ keeps coming up.
Like that other proposed magic bullet, the guaranteed basic income, […]
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