Monday, November 29, 2010
see the guy above?
asians funded him.
spain has one of the best unemployment benefits in the world.
it could reach up to 70% of your last drawn salary.
say if your previous job paid you around 5,000 euro, if you were to get fired, you'll get close to about 4,000 euro a month up to 2 years.
imagine getting that much money doin nothing.
spain's unemployment level is currently at 20%.
means 2 in 10 people actively seeking employment couldn't find a job.
spanish government is financing these benefits.
a country needs to be productive to able to fund such programme themselves.
and a 20% unemployment isn't a nice indicator for productivity.
which is why countries borrow money.
and when someone else lends money, that is a form of investment.
just a note.