Residents of a small Austrian town are being promised work for 3 years in the world's first universal jobs guarantee experiment
An elderly woman solicits money at in Vienna, Austria, on October 23, 2020.
Joe Klamar/AFP/Getty Images
- Austria unveiled the world's first universal jobs guarantee experiment in October.
- The first wave of participants just signed their work contracts. They've been guaranteed a job for at least three years.
- The program aims to reduce unemployment in the small town of Marienthal, which never fully recovered from massive layoffs almost a century ago.
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