Tuesday, December 05, 2006

Cruel, right?

Financial Times has an article today about unemployment benefit cuts in Sweden. The leader of the Swedish Trade Union Confederation, LO, Wanja Lundby-Wedin explains the cruelty of cutting unemployment benefits:

The union leader said an ordinary worker gets a salary of Skr17,000 a month. If this worker is unemployed, he or she will receive about Skr11,000. "They will be forced to take a job," she said.

Read it here.

Footnote: 17000 Skr=2457.71 US$, 11000 Skr=1590.28 US$.

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