07 Jul '11, 12pm

The costs of redundancy to both society and individuals are high. So why not cut hours rather people? asks Mike Harris

The costs of redundancy to both society and individuals are high. So why not cut hours rather people? asks Mike Harris

But last week also saw the publication of three reports from the US that examine an alternative to such a staggering waste of people and money. ‘Work sharing’ schemes support reduced working hours rather than lay-offs. All three reports – from the Center for Economic and Policy Research , the Center for American Progress and the New America Foundation – are highly positive on the benefits of such schemes. Recent studies from the IMF and the Bonn-based Institute for the Study of Labor also show how Germany’s Kurzarbeit (‘short-time’) programme helped to ensure that the country’s unemployment rate actually

Full article: http://www.neweconomics.org/blog/2011/07/07/cutting-hours...

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