The Marienthal model project for guaranteeing jobs, initiated by Sven Hergovich, the now-designated state party SPÖ leader, could soon set a precedent across Europe. What the flagship project is about and who is likely to succeed Hergovich in his executive chair at AMS Lower Austria.
What the ÖVP found too expensive in Lower Austria should cost the European Commission at least 750 million euros. What is meant is the model project job guarantee Marienthal (“Magma”) initiated by former AMS and new SPÖ state party leader Sven Hergovich in 2020. As has been reported several times, this is the world’s first evidence-based model for a job guarantee.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
