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European Tribune - Insights from conservatives
At the suggestion of cutting salaries of 2500 Euros for 20% (Note: in a country where the minimum wage is 500!) in exchange for employing a proportional number of people (to cut unemployment), "left wing" people that I know get shocked at this suggestion.

It is not true that socialists didn't try to reduce the work week before they got a severe case of neoclassic fungal brain infection

And I don't think such a scheme is a reasonable on the union level. In a way that is already the implied quid for pro that German unions signed up for the last decade. Keep your job, work for less.
It lead to surging profits invested in bubbly financial gambles, huge imbalances in the Eurozone including exported unemployment and in extremis state sponsored consumption like the car exchange program.

by generic on Wed May 11th, 2011 at 11:29:46 AM EST
The issue is with income differentials and the differences in political power they create.

Where status is measured by the ability to consume and dominate, suggesting to people they should consume and dominate less without also undermining that culture and the people who represent it, sell it, promote it and try to personify it doesn't seem like an entirely good plan.

Shrinking the differentials on its own isn't a bad idea. But voluntarily increasing them is unlikely to work, unless there's major shift in the value narrative at the same time.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed May 11th, 2011 at 12:41:33 PM EST
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