Better than Unemployment Insurance -

Germany has a much better system of UI than we do in the States - the German system encourages employers to keep their folks on the payroll, albeit at reduced hours...

"There is an economy, however, that has figured its way around the Great Recession. Unemployment in Germany is lower now than it was before the downturn (not to mention lower than in Denmark, now, too).

Germany has done well because its labor-market institutions encourage employers to cut hours not workers. Instead of laying off 20 percent of workers, say, a firm can instead lower the average hours of its employees by 20 percent. Both accomplish the same goal, but from a social point of view, cutting hours is much better because it shares the pain more equally and keeps workers tied to their jobs."

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