4 ways to rethink social protection for future work in Asia
Anyone who studies welfare systems, particularly on providing social protection or social security for every citizen, usually goes back to the argument between the approaches defended by 19th century German Chancellor Otto von Bismarck and UK progressive economist Lord William Beveridge.
These two models have divergent objectives: while Bismarck’s is to assure a standard of living, the Beveridge system focuses on securing a subsistence level. Although there is some convergence, both models are still being practiced throughout the world.
People are however more familiar with the two main components of social protection systems: contributory social insurance and tax-funded social assistance. So, are these two models still relevant in the changing landscape of future work?
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