Swedish business leaders weary of the Social Democrat leadership's future economic plan

Thursday, 09 August 2012
One of the tools leading to the growth in popularity of the Social Democrats in Sweden today is the Social democrat's drive to cut down youth unemployment to a very low level f voted to power. But business leaders in Sweden are getting weary of that proposal.

They instead have more confidence in the current Conservatives coalition government, a new opinion study for the Swedish business daily, Dagen's Industri carried out by the polling organisation, Scope show.

50 percent of business executives believe that the Conservatives have the best policies to tackle youth unemployment and only 23 percent believe in the Social Democrats are better, according to Skop's inquiry.

This despite the fact that the Social Democrat's the new party leader, Stefan Löfven, tried to make the issue of youth unemployment one of his major party policies. Some of the party's proposals are all about training, contracts and internships, with the cost of higher payroll taxes for companies.

Just a few weeks ago, a survey from the polling organisation, Sifo showed that Swedish people had the greatest confidence in the Social Democrats when it comes to labour market policy. But that does not seem to apply to the Swedish business leaders.

Analysts are concluding that companies hate the Social Democrats policies because it will force them to train young people and they will not find it easy to hop abroad and collect cheap and manoeuvrable skills from the cheap places such as eastern Europe.

The Social Democrats' proposal to skip the policy of the Alliance coalition to reduce employer contributions for the young, in order to be able to finance other measures, have also been seen by business leaders as not a very attractive moves.
by Scancomark.se Team

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