Monday, September 12, 2011

From Wonkblog: The German plan to reduce U.S. unemployment

Here's how Germany has reduced unemployment, apparently the jobs bill is based on their approach.

Germany has kept its employment levels astoundingly high throughout the global recession. How high? In July, the country’s unemployment rate was just 6.1 percent, a full two points lower than it was in January 2008. Many credit labor reforms that allow employers to use government subsidies to keep more workers on the job, temporarily reducing hours while using public funds to make up some of the difference. Known as “short-time work” or “work-sharing,” the scheme aims to spread the pain of recession around rather than forcing a handful to bear the brunt of the suffering.