Social consequences of the Corona crisis in Austria (tags)
Two million Austrians suffer income losses from the Corona crisis. Good news comes today from New Zealand (half-price transit), Finland (affordable apartments for the homeless) and Great Britain (four-day work with five-day pay). This good news is reported by Scoop.me.
Reduced working hours as a socio-economic investment (tags)
In this Austrian article, reduced working hours is seen as a socio-economic investment, not as a cost-trap. In a 1909 study by Sidney Chapman, shorter working hours leads to higher productivity and greater output. More time sovereignty and better health of workers would be long-term gains.
Europe needs an effective guarantee of youth solidarity (tags)
The Youth Guarantee could create an entry-level job market in the public or non-profit sector - in other words, jobs that serve the common good. It is the austerity policy in the wake of the financial and economic crisis that has delayed the socio- and ecological transformation.
Growing Inequality Harms the Political Economy (tags)
Neoliberalism and finance market capitalism encourage creating money out of thin air, exploding inequality, precarious work and environmental destruction. Wages are not only a cost factor but an important demand factor leading to either investments or social blight.
This crisis is only another warning shot of the current economic system and offers a window of opportunity to leave behind the neoliberal path of development taken since the end of the 1970s. The root of the problem is the economic model based on growth and exploitation of nature.
Reduced Working Hours as a Socio-Economic Investment (tags)
In these Austrian articles, reduced working hours is seen as a socio-economic investment, not as a cost-trap. In a 1909 study by Sidney Chapman, shorter working hours leads to higher productivity and greater output. More time sovereignty and better health of workers would be long-term gains
Rebirth of the One-Thousandth Society (tags)
The richest thousandth (0.1%) could increase their share in the total wealth very intensely since the 1980s. Their share is as much as the bottom 90%..While the millionaires increased their wealth enormously, the mass of the population is exposed to the continuing economic crisis.