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Southern European workers lose more than their jobs when they are laid off

Earnings of laid-off workers in southern Europe are 30% lower five years later, while in northern countries the decline is less than 10%. The differences are largely due to the likelihood of finding a new job.
An unemployed man collects trash for resale in Diepsloot Johannesburg. Calls are growing for a basic income grant for poor South Africans. EFE-EPA/Kim Ludbrook

South Africa’s basic income versus jobs debate: a false dilemma

Basic income must be embedded within a broader strategy of economic reform, aimed at increasing the social wage and improving working conditions.

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