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So I hadnt noticed this, Cyprus is having a guarenteed minimum income go into effect in July. I can't find any details of the amount, but apparently its more of a guaranteed income if you're willing to work deal. Specifically-you cannot receive it if you refuse to work an offered job. Which has some mixed things behind it. I can see abuses of it on all sides.
"hmmm...I have some software engineering work done, lets search for unemployed engineers and offer them work.....at minimum wage" Muhahhaha.
Might make for some interesting times. The other side of course is-people working under the table.
Anyone else here familiar with the details of it all? I can find mentions of it in recent news articles, but nothing with any hard details.
So I hadnt noticed this, Cyprus is having a guarenteed minimum income go into effect in July. I can't find any details of the amount, but apparently its more of a guaranteed income if you're willing to work deal. Specifically-you cannot receive it if you refuse to work an offered job. Which has some mixed things behind it. I can see abuses of it on all sides.
"hmmm...I have some software engineering work done, lets search for unemployed engineers and offer them work.....at minimum wage" Muhahhaha.
Might make for some interesting times. The other side of course is-people working under the table.
Anyone else here familiar with the details of it all? I can find mentions of it in recent news articles, but nothing with any hard details.
Check the guaranteed minimum wage that the US Congress mandated on American Samoa and see how that turned out.
An interesting concept. I guess one will have to watch see how that works out for the budget of the Cyprus government.
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