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The cost (per individual) of the job guarantee scheme is €29,841.39. And the cost to the Austrian state of each unemployed person? Around €30,000 (Photo: Unsplash)

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Austria's 'Job Guarantee' - same price, better outcomes

The cost (per individual) of the job guarantee scheme is €29,841.39. And the cost to the Austrian state of each unemployed person? Around €30,000 (Photo: Unsplash)

In autumn 2020, the Austrian government's public-employment agency opted for a highly-unusual new employment policy — and created the job guarantee pilot programme (called MAGMA.)

The initiative, along the lines of a similar one in France since 2016, was born with the aim of eradicating long-term unemployment.

The premise could be formulated as: what if those who wanted a job with good working conditions could get it?...

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