Europe’s short-time working schemes might be thought of as a new form of “automatic” stabilizer. Not so much a jobs

Europe’s short-time working schemes might be thought of as a new form of “automatic” stabilizer. Not so much a jobs guarantee as a pay guarantee. They wind up and down depending on state of labour market.
@senoj_erialc
ftalphaville.ft.com/2020/10/07/160… https://t.co/BoWQj1Za1b

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