Contrary to what the the head of UN says in the article, this “dip” is almost certainly not short term.
I understand this scheme for short periods… but is there a limit to it? Also why help companies that manage themselves badly during the boom years not ready for the market to slow down?
Haunting-Prior-NaN on
/r/LateStageCapitalism
Mesapholis on
while one certainly can make the argument that watchmaking is part of the Swiss craftsmen heritage… subsidising an entire industry is surely not the way to go…
“Freier Markt regelt” is what capitalism wanted I thought? Luxury demand disappears in economic skinny times. Such is the life
pelfet on
this is what Kurzarbeit is, this is nothing new, has been used extensively on many sectors also during the covid time. The whole point is that they dont fire people and in return the state provides financial means.
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What do you guys think? Is this fair?
Contrary to what the the head of UN says in the article, this “dip” is almost certainly not short term.
I understand this scheme for short periods… but is there a limit to it? Also why help companies that manage themselves badly during the boom years not ready for the market to slow down?
/r/LateStageCapitalism
while one certainly can make the argument that watchmaking is part of the Swiss craftsmen heritage… subsidising an entire industry is surely not the way to go…
“Freier Markt regelt” is what capitalism wanted I thought? Luxury demand disappears in economic skinny times. Such is the life
this is what Kurzarbeit is, this is nothing new, has been used extensively on many sectors also during the covid time. The whole point is that they dont fire people and in return the state provides financial means.
[https://www.ch.ch/en/work/working-hours/short-time-working](https://www.ch.ch/en/work/working-hours/short-time-working)
Ahh yes, the ol’ pocketing winnings, socializing losses ideology. Man these bankers and watch makers must love socialism!