Iceland - Welfare Watch cushioned crisis - February 29, 2016

The Nordic Labour Journal writes about how the Welfare Watch came to be and the role it played during the economic crisis which hit Iceland harder than other countries in 2008. A group of 35 people were tasked to warn authorities if various social groups were falling outside of the welfare system, and to come up with ideas for what could be done to prevent it from happening. Welfare Watch managed to spread the message that during the crisis the weakest in society should be protected. In the assessment, a comparison between Iceland and Ireland was made. In Ireland, people in the bottom income bracket lost 26% of their income, while the corresponding group in Iceland only lost 9%. People in the highest income bracket in Ireland saw their income rise by 8%, while the richest in Iceland lost 38% of their income.

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