Lookin' Good at 58

Sunday, July 7, 2013

Where Workers and Government Get Along

The worker in Iceland belongs to a union. Everyone must be in a union that is in their industry.
The unions in Iceland ensure all labor laws are dealt with fairly. There is no labor unrest such as strikes and lockouts. No arbitration where governments legislate workers back to work. Here they work together.
Another thing is the employer puts 2% and the worker another 2% toward their  retirement. No one is left behind. It is mandatory.
Their are ample benefits but the one I like is everyone gets their 5 week vacation each year whether you change jobs or not and that is because the government is in charge of your vacation pay and not your employer.
Iceland as well as some other countries in Scandinavia can certainly teach us a few things about managing public money. That is for sure!

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