Since the dawn of industrialism, capitalism has repeatedly been streamlined through automation and staff cuts for other reasons. The laid-off staff have been able to get new jobs thanks to the fact that the economy has been able to grow. Now the environment and resources are starting to set limits on how much more the economy can grow. Then it will be difficult to find a new equivalent job when your skills...
Month: April
Equilibrium unemployment requires more generous unemployment insurance conditions
In 2011, the then bourgeois government admitted that it did not want absolute full employment but an equilibrium unemployment rate of 5-6%. (Source: Non-Alliance Sweden) This means that many risk long-term or permanent exclusion. Then an unemployment insurance fund with more generous compensation without insurance is required, because the unemployed then do the job of depressing wages and prices for Sweden's economy...
Lower taxes do not necessarily lead to higher employment
Sweden has e.g. never had as high and rising employment as during the period of tax increases after World War II. Read more at Alliansfritt Sweden. Similar examples can be found in the economies of other countries.