The Nobel Card, policies supporting poor workers need to be reviewed

It is necessary to review policies to support the working poor. This was underlined by the Nobel Prize winner in Economics David Card, during a meeting at the Intesa Sanpaolo skyscraper, as part of the Turin International Festival of Economics.

"Careful analysis is essential to be able to correct the programs and make them efficient. A lot is being done in terms of subsidies but the programs, although very generous, are not always sufficient, because they distribute resources in the incorrect way", observed Card, who underlined the differences between the systems adopted in different countries and the importance of more effective interventions.

The meeting was introduced by Gregorio De Felice, chief economist of Intesa Sanpaolo, who revealed data on the Italian situation: "The statistics on poverty, released by Istat in mid-October, indicate that among families with an employed person, the incidence of absolute poverty is equal to 8.5% if the employed person is an employee, but rises to 14.3% - explained De Felice - if the classification is as a worker or similar. It is a topic that needs to be reflected on urgently, in light of the manifestations of profound social unrest that have affected several European countries in recent weeks."