Working hours are continually decreasing – Prosperity cannot be maintained by fueling fantasies of a 32-hour week
Vienna (OTS) – Our welfare state is under pressure. Although the population is growing, the volume of work on which the financing of our prosperity and our social system depends is stagnating. In view of the increasing shortage of labor and skilled workers and the rising costs for the welfare state, it is appropriate to increase the overall volume of work. We will not be able to maintain our prosperity by fueling fantasies of a 32-hour week, because there will be no such thing as prosperity without performance.
Numerous people work more and get involved every day. The fewer these people become, the more pressure they come under. 20 years ago, the group of people who paid no income tax was around a quarter; now this number has grown to around 34 percent. This is also due to the falling working hours per employee, which has continued to decline in recent years: from 2015 to 2023 it fell from 1,520 hours to 1,448 hours. If you look at the average weekly hours actually worked by employees, including part-time, Austria is 32.7 hours.
Increase overall work volume in Austria
More people working less, with the same benefits – at some point that will no longer be possible! Our goal must therefore be to increase the total volume of work in Austria, because our prosperity and our welfare state depend on this. It is therefore important to convince more people to switch from part-time to more work and to stay in their careers longer. Increasing working hours to 41 hours would be a reasonable contribution for each individual – half an hour per day, 15 minutes in the morning and 15 minutes in the afternoon – with a great overall effect on our prosperity and our social system. The tax allowance proposed in the “Performance must be worth it again” package for a change from part-time to full-time employment of 5,000 euros should be taken into account. In principle, agreements on working hours and the corresponding remuneration models are at the discretion of the social partner negotiations.
Increasing working hours brings added value for the location
According to a study by EcoAustria, the economic effects of an extension of working hours with a correspondingly higher gross monthly income would result in an increase in real GDP of 1.2 percent or 5 to 6 billion euros. Real net income per person employed is also increasing – by 1.3 to 1.4 percent in the medium term. According to IV calculations, this is also accompanied by an increase in taxes of EUR 2.1 billion – this additional income can also be used, for example, to expand childcare or education. For example, more than 30,000 additional people could be employed in the field of education and training. This is how we create win-win situations for location and prosperity.
Questions & Contact:
Industrial Association
Marlena Mayer
Press spokesperson
+43 (1) 711 35-2315
[email protected]
Industry on May 1st: More work brings positive effects for prosperity – 2024-05-02 05:39:15
Consequences of a United Airlines Passenger’s Belligerent Behavior: A Costly Lesson Learned
Unruly Behavior on Flights
Instances of unruly behavior on airplanes can result in significant fines for passengers, as demonstrated by a recent case involving Alexander Michael Dominic MacDonald from Chelmsford, England. MacDonald was recently ordered to pay $20,638 to United Airlines for his disruptive actions during a flight from London to Newark, New Jersey.
The Incident
The incident began when MacDonald, a 30-year-old individual, engaged in a loud argument with his girlfriend on the flight. This dispute quickly escalated, leading him to direct his anger towards a flight attendant. Court documents indicate that MacDonald’s behavior was both verbally and physically aggressive.
Confrontation with Flight Attendants
According to the Transportation Security Administration, MacDonald’s behavior towards the flight attendants was confrontational and threatening. Despite attempts by the crew to calm him down, MacDonald continued to be belligerent and intimidating. He even went as far as making threats against the safety of the plane, as documented in court records.
Legal Consequences
As a result of his actions, MacDonald was fined over $20,000 for interfering with the flight and endangering the safety of the crew and passengers. This case serves as a stark reminder of the serious repercussions that can arise from disruptive behavior on flights.
“When flight attendants asked MacDonald to be quiet and attempted to calm him, he became belligerent, threatening, and intimidating towards them,” the Transportation Security Administration said in a statement.
Conclusion
Unruly behavior on airplanes is not only disruptive but can also lead to severe financial penalties and legal consequences. Passengers are reminded to adhere to airline regulations and treat flight crews with respect to ensure a safe and pleasant travel experience for everyone on board.
Flight Passenger Restrained and Diverted
After causing a disturbance on a flight, a passenger named MacDonald was eventually restrained using flex cuffs. The flight, which had 160 people on board, was then diverted to Bangor, Maine. MacDonald later pleaded guilty on March 22 to one count of interfering with a flight crew and was sentenced to time already served.
Incident Details
The incident involving MacDonald led to the use of flex cuffs for restraint, ensuring the safety of the passengers and crew on board. The decision to divert the flight to Bangor, Maine, was made to address the situation effectively and prevent any further disruptions.
Legal Consequences
MacDonald’s guilty plea to interfering with a flight crew highlights the seriousness of the offense. By accepting responsibility for the disturbance caused, MacDonald faced the legal consequences of his actions and was sentenced accordingly.
Related Media Coverage
For more information on this incident, you can view related media coverage by clicking here.
Southwest Airlines Announces Closure of Operations at Four Airports
Southwest Airlines recently made a significant announcement regarding its operational strategy, revealing plans to cease operations at four airports as part of a cost-cutting measure. This decision marks a pivotal moment for the airline industry and has sparked discussions about the future of air travel.
Implications for Passengers and Employees
The closure of operations at these four airports will undoubtedly have a ripple effect on passengers and employees alike. Passengers who frequently utilize these airports for their travel needs will now have to seek alternative options, potentially leading to increased travel times and costs. Additionally, employees working at these airports will face uncertainty about their future employment status, raising concerns about job security and financial stability.
Industry Response and Speculation
Industry experts and analysts have been quick to weigh in on Southwest Airlines’ decision, offering insights into the potential implications for the broader aviation sector. Some speculate that this move may be a strategic maneuver to streamline operations and focus on more profitable routes, while others view it as a sign of the challenging economic climate facing airlines in the wake of the global pandemic.
Looking Ahead: The Future of Air Travel
As Southwest Airlines takes this bold step to restructure its operations, the industry as a whole is left to ponder what the future holds for air travel. With ongoing uncertainties surrounding travel demand, operational costs, and regulatory challenges, airlines must navigate a complex landscape to ensure their long-term viability and sustainability.
Conclusion
In conclusion, Southwest Airlines’ decision to cease operations at four airports underscores the evolving nature of the aviation industry and the challenges that airlines continue to face. As the industry adapts to changing market dynamics and consumer preferences, it is clear that strategic decisions like these will play a crucial role in shaping the future of air travel.
Southwest Airlines Implements Cost-Cutting Measures
Southwest Airlines has recently announced its decision to cease operations at four airports as part of a cost-cutting initiative. This strategic move comes in response to the challenging economic environment faced by the airline industry.
Incident Involving Disruptive Passengers
During a recent incident, United Airlines reported that a plane had to make an unscheduled landing in Bangor due to disruptive behavior by two passengers who appeared to be intoxicated. The disruptive individuals were promptly removed by law enforcement officials, allowing the flight to resume its journey to Newark airport.
Instances of unruly behavior on flights have seen a significant increase during the pandemic, with tensions escalating between passengers and flight crew over issues such as mask compliance.
FAA's Zero-Tolerance Policy
In response to the rise in disruptive incidents, the Federal Aviation Administration (FAA) announced in 2022 the implementation of a permanent zero-tolerance policy against unruly passengers. This policy aims to deter and penalize unsafe behavior on flights.
Acting FAA Administrator Billy Nolen emphasized the consequences of behaving recklessly on a plane, stating that such actions will not be tolerated. The Zero Tolerance policy is a crucial step in preventing and addressing disruptive behavior in the aviation industry.
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Consequences of a United Airlines Passenger’s Belligerent Behavior: A Costly Lesson Learned
Gold Prices Rise as Baht Strengthens: Market Update
Gold opened the market and adjusted 2 times, rising 350 baht this morning at 37.00 baht per dollar. “Strengthened a little”
On May 2, reporters reported that gold opened the market this morning and adjusted the price 2 times, the first time at 9:08 am the market opened straight up 350 baht before at 9:20 am it adjusted down to 50 baht.
The price of gold bars was bought at 40,550 baht and sold at 40,650 baht. Gold jewelery was bought for 39,825 baht and sold for 41,150 baht.
Mr Poon Panitchpibun, money market strategist, Krungthai GLOBAL MARKETS, Krung Thai Bank, revealed that the baht opened this morning at a level of 37.00 baht per dollar. Appreciated slightly from the previous day’s closing level of 37.06 baht per dollar. (Closing level on Tuesday, April 30) Looking at the baht framework today. It is expected to be at the level of 36.90-37.15 baht / dollar.
Mr Poon said Since Tuesday night, April 30, the value of the baht has fluctuated within a fairly wide range. (Oscillation in the range of 36.94-37.25 baht per dollar) During the Labor Day holiday in Thailand and many countries With thin liquidity in the financial market Moreover, the dollar rose before the market knew the results of the meeting Fed. After some market players are worried that the Fed may send a more Hawkish tone. Along with concerns about the easing of the conflict situation in the Middle East, there was also pressure to do so The price of gold corrected sharply around -40 dollars an ounce, causing the baht to weaken and test the resistance zone at 37.25 baht per dollar.
However, the baht has gradually returned to strengthen somewhat. After the US mixed economic data reports came out, pressure on the dollar to depreciate In addition, the depreciation of the dollar continued after the market learned about the results of the Fed meeting. There was no hawkish tone signal as the market fears. In addition, the Fed Chairman reiterated that the Fed is not likely to raise the policy interest rate again. This has caused relief to market players about the Fed’s interest rate bias (market players still expect the Fed to have a 36% chance of cutting interest rates 2 times this year) and this picture also encourages a rebound gold price to no less than +40 dollars per ounce. As a result, players in the market are gradually selling gold for a profit. And this transaction flow also helps to strengthen the baht.
Mr Poon said that for today, market players will wait to keep an eye on US economic data reports, such as the number of people applying for unemployment benefits (Unemployment Claims), which will help evaluate trends in the labor market in the United States in addition to the above factors, market players will wait for the earnings reports of listed companies. This will have a significant impact on the atmosphere in the financial market during this period.
Mr Poon said that about the trend of the baht value We are evaluating that The depreciation momentum of the baht has slowed down further. Especially after market players relaxed somewhat on their concerns about the Fed’s interest rate trend. This causes the baht to fluctuate sideways near the level of 37 baht per dollar In addition, market players may still be waiting for important US economic data reports. Employment numbers and the ISM PMI index for the service sector mean that market players may not be in a hurry to adjust their holding positions.
However, the baht may face some downward pressure. According to the transaction flow, dividend payments to foreign investors remain available. Until the end of May As a result, the baht will still not be able to return to its apparent strength. Until the market is aware of additional new factors such as the US Exception theme. has weakened noticeably From the US economic data report That came out worse than expected, causing us to estimate that The support zone for the baht may still be in the range of 36.80-36.90 baht per dollar (next support level 36.60 baht per dollar), while if the baht fluctuates, it weakens somewhat. The depreciation of the baht may be limited to the resistance zone of 37.15-37.25 baht per dollar. As previously assessed
By the way, throughout this week We still see Be careful of fluctuations in the financial markets. o Japanese government intervention in the value of the yen Because the Japanese financial market is closed during the Golden Week holiday, liquidity in the market is noticeably thinner. and suitable for intervening in currency values especially the latest Dollar Momentum Faded From the US economic data report which was clearly not coming out better than expected As for the market players, they are starting to relax somewhat about the outlook for Fed interest rates.
“The baht remains very volatile. Amid the changes in factors that affect the direction of the value of the baht. As a result, market players should use a variety of strategies to hedge risks. Either use tools like Options or local currency. This will help increase efficiency in hedging exchange rate risk,” said Mr Poon.
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