Daily Archives: April 22, 2016

Inside Hungary’s ‘Work-Based Society’

The maximum amount of unemployment benefit was cut from 120 per cent of the minimum wage to 100 per cent. The time span wherein unemployment benefits can be received has been reduced by two-thirds, from 270 to 90 days. The result, as we’ve seen, is that fewer people get less unemployment benefit for a shorter period of time, whilst the share and number of unemployed getting no unemployment or social benefit has increased – and those on workfare have risen.

In the government’s slogan of a “work-based society” the word “work” is used as a substitute for “cheap wage-labour”. This is also reflected in the decreasing real wages of public sector and increasing wage differentials within the labour market. Government departments are increasingly likely to rely upon workfare to fill vacant positions, spreading a deep sense of insecurity amongst those working in the public sector.

via Inside Hungary’s ‘Work-Based Society’

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Vulture Funds make a 1,200% profit from the Argentine people – YouTube

via Vulture Funds make a 1,200% profit from the Argentine people – YouTube