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February 09, 2011

US should make like Germany on jobs

Germany pays employees of companies that cut workers to part-time rather than lay them off, making up about 60 percent of the different in salary.

That would be even better than layoffs and extended unemployment benefits. Workers would "stay employed" on their resumes, in their mindsets and psychologies, companies wouldn't have to train new hires when the economy bounces back, transitions would be smoother and everybody would be less stressed.

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