workfare

  • End of a Faustian pact: workfare and riots

    Issue 140 (Autumn 2011)
    article

    During the past three decades, Guy Standing argues, politicians struck a Faustian pact. In return for ‘labour market flexibility’, government would top up declining wages through subsidies and tax credits and redirect social protection from an emphasis on social solidarity and social insurance to means-tested social assistance. In the aftermath of rioting, they must now face the following fact: it is the economic policies they have supported that are a major cause of the underlying malaise.