The EU Parliament agrees on the new directive for an adequate minimum wage. In the future, the cost of living, purchasing power, general economic growth, and the wage structure of an EU member state will be used as benchmarks for the national minimum wage. The new directive obliges EU member […]
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Ban or regulate: The world searches for a way to deal with cryptocurrencies
China bans cryptocurrencies. The Central African Republic is making Bitcoins a legal tender. Meanwhile, the EU failed to require the crypto industry to be more sustainable: Conservatives and the Right prevent the paragraph demanded by the Social Democrats. The world is divided on how to deal with cryptocurrencies like Bitcoin. […]
Read MoreWorking shorter hours: 38 companies in the USA are testing the 4-day week
After success stories from Iceland and news about the large-scale field trial in Great Britain, a pilot project on the 4-day week is now starting in the USA. 38 companies are testing the 4-day week while the results are being scientifically analyzed. Last year, some companies already tested the effects […]
Read MoreGreece: Energy companies must give up 90 percent of their extra profits to cover electricity costs for citizens
Energy and power companies are among the biggest beneficiaries of the current crisis. Bills are skyrocketing for the population, while energy suppliers are making billions in profits. In Greece, energy companies must now pay 90 percent of their excessive crisis profits to the state. The conservative government wants to use […]
Read MoreGlobal minimum tax rate: European Socialists and Democrats push for implementation
EU Commission proposes a directive to implement the OECD agreement on global tax justice. Multinational corporations such as Amazon, Facebook, and Apple are to pay a minimum tax of 15 % in the future. A tax shifting scheme is also to be adopted, obliging corporations to pay taxes where they […]
Read MorePrice limits, vouchers, and tax cuts: Unlike Austria, most governments are trying to fight inflation
Energy prices are going through the roof. But for the first time, the Austrian government did not decide on anything at the energy summit. Many other European governments have already taken measures against inflation in the summer and are now extending them—relatively unattached to the ruling party’s colour. Whether Orbán […]
Read MoreEU-Commission: Platforms like Uber, Mjam, and others should hire employees
Digital platforms profit from the self-exploitation and bogus self-employment of their “employees”. The EU Commission is now proposing guidelines for European countries to prevent this. The aim is to control working conditions with the aim of employing suppliers and other bogus self-employed workers. What is the problem? – Bogus self-employment […]
Read MoreFinnish dairy brand “Valio”: profits go only to the dairy farmers
A Finnish dairy company is becoming a model company: the profits belong directly to the dairy farmers instead of large investors, the cows are fed only natural feed and climate-neutral corporate management is part of everyday life. Valio, a dairy company from Finland, is considered one of the most innovative […]
Read MoreIcelandic explorer Haraldsson: “We should have a goal of 30 workhours per week as a society”
The world’s largest nationwide attempt to reduce working hours has made international headlines – that’s how positive the results in Iceland were. The study showed: Reducing working hours while maintaining full pay makes workers happier, healthier, and more productive – and pays off economically. Kontrast has spoken to one of the co-authors […]
Read MoreEconomist Piketty: Everyone should receive €120,000 for their 25th birthday
French economist Thomas Piketty calls for all citizens to receive 120,000 euros for their 25th birthday. This “start-up money” would open up many opportunities for young people, such as buying a home or starting their own business – and people would no longer have to take jobs with miserable working […]
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