Once the chronic unemployed reach retirement age, they switch from Hartz IV to a state pension.
He appointed a reform commission, headed by Peter Hartz, the head of personnel at Volkswagen.
The Germans devised the Hartz IV system to limit benefits to a subsistence level of living.
The fourth and final phase of the Hartz reforms went into effect in 2005 under Merkel.
In effect, Hartz IV recipients put their lives in receivership to the omnipresent Jobs Center.
As an investor Hartz points to the usual signs of too much money-chasing deals.
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But thanks to the Hartz reforms, the long-term unemployed are having their collars felt a little.
Hartz believes that building and adapting a professional network is at the core of the SVSC.
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Hartz first broke into Silicon Valley as a product manager at Silicon Graphics (SGI).
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Hartz and I were talking over breakfast in Dublin at the f.ounders conference.
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But it is on the use-value of the current generation of start-ups that Hartz becomes lyrical.
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Hartz suggests that the limited supply of real estate is limiting the growth of the tech industry.
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Social media has also played a large role in the growth of the company, according to Hartz.
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Hartz and his fellow commissioners were ordered to devise a plan for reducing unemployment and restoring German competitiveness.
Any savings over that amount must go to pay their expenses before they can receive Hartz IV money.
Hartz says the company has already helped several events with an attendance between 15 and 20 thousand people.
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If you have never been employed, such as a graduating student, you go immediately into the Hartz IV program.
After SGI, Hartz co-founded Connect Group, providing hotel guests with high-speed Internet access, that LodgeNet (LNET) acquired in 1998.
Instead, the Hartz reforms rest on the common sense notion that people take jobs when work, rather than welfare, pays.
The New Deal was introduced after five years of solid economic growth, whereas Hartz IV arrives after three years of stagnation.
The most remarkable feature of the Hartz reforms is that the German political class had the courage to make hard choices.
From 2009 onwards Eventbrite founder Kevin Hartz noticed a significant surge in the use of his event organising platform.
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Hartz IV recipients must go through a complicated bureaucratic procedure to replace essential household items such as a refrigerator or television set.
After SGI, Hartz turned entrepreneur and co-founded Connect Group, providing hotel guests with high-speed Internet access, that LodgeNet (LNET) acquired in 1998.
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This month the constitutional court ruled that the government had erred in setting benefits for the main welfare programme, called Hartz IV.
When it comes to picking his investments, Hartz has learned from history.
Of course every entrepreneur anticipates, or dreams of, being hit by a surge in users but Hartz wanted to know what was different.
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He has already begun to water down the Hartz commission's labour-market proposals, his government's supposed flagship reform, in response to pressure from the unions.
Hartz demonstrates that giving to the SVSC combines self-interest and altruism in a way that has an amazing track record of fueling successful start-ups.
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