Volkia: Difference between revisions
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==Economy == |
==Economy == |
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[[File:Izumrud.jpg|thumb|left|200px|Izumrud is a major shipping port of Volkia.]] |
[[File:Izumrud.jpg|thumb|left|200px|Izumrud is a major shipping port of Volkia.]] |
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Volkia has a {{wp|mixed economy}}, which has resulted in a prosperous capitalist {{wp|welfare state}} with a combination of {{wp|free market}} activity and large state ownership in certain key sectors. This was influenced first by socialist governments in the early 1930s and fully implemented by [[Social Democratic Union|Social Democratic administrations]] starting in 1973. Public healthcare is free and parents receive 40 weeks of paid parental leave. Volkia also guarantees its workers a minimum of 32 days paid vacation (20 paid days off, 12 public holidays). The unemployment rate is 3.4%, with 66% of the population aged 15-74 employed. Nearly 8% of the population aged 18-66 receives a disability pension and 25% of the labor force are employed by the government. The vast majority of workers are unionized, totaling nearly 70% of the labor force in 2018. |
Volkia has a {{wp|mixed economy}}, which has resulted in a prosperous capitalist {{wp|welfare state}} with a combination of {{wp|free market}} activity and large state ownership in certain key sectors. This was influenced first by liberal and socialist governments in the early 1930s and fully implemented by [[Social Democratic Union|Social Democratic administrations]] starting in 1973. Public healthcare is free and parents receive 40 weeks of paid parental leave. Volkia also guarantees its workers a minimum of 32 days paid vacation (20 paid days off, 12 public holidays). The unemployment rate is 3.4%, with 66% of the population aged 15-74 employed. Nearly 8% of the population aged 18-66 receives a disability pension and 25% of the labor force are employed by the government. The vast majority of workers are unionized, totaling nearly 70% of the labor force in 2018. |
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The wage difference between the lowest paid worker and the CEO of most companies has been kept relatively low compared to other industrialized economies due to Volkian society's {{wp|egalitarian}} values. |
The wage difference between the lowest paid worker and the CEO of most companies has been kept relatively low compared to other industrialized economies due to Volkian society's {{wp|egalitarian}} values. |