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European Parliament - EPRS Policy podcasts

Future shocks: Building a European social model for the 21st century

European Parliament - EPRS Policy podcasts

European Parliament Webmaster

Non-profit, Government & Organizations

4.813 Ratings

🗓️ 3 June 2022

⏱️ 9 minutes

🧾️ Download transcript

Summary

The European Union already has an outstanding level of social security compared to the rest of the world. While the EU constitutes less than 6 % of the world's population and 20 % of global gross domestic profit (GDP), it accounts for at least 40 % of global public spending on social protection. According to Eurostat, In the EU-27 in 2020, expenditure on social protection stood at 22.0 % of GDP, at 41.3 % of total global public spending and at €2 943 billion. While the European social model is undoubtedly a unique achievement, it has to be adapted to the challenges of the future to maintain its long-term sustainability

#FutureShocks2022 - Original publication on the EP Think Tank website
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Source: © European Union - EP

Transcript

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0:00.0

Welcome to the European Parliamentary Research Service podcasts.

0:05.0

In this podcast, we'll talk about how to build a strong and resilient European social model capable of addressing current and future challenges, such as deepening social divisions, worsened inequalities, or a growing democratic fragility. Stay with us. It's about your future.

0:27.4

We in Europe already enjoy one of the highest levels of social protection in the world.

0:33.2

And while this is undoubtedly a unique achievement, the world is changing, and our social

0:38.3

model needs to adapt too.

0:40.3

COVID-19 and the subsequent lockdowns have shaken our lives and our economies.

0:46.3

Beyond the health impacts, people lost their jobs or part of their income.

0:51.3

Those who kept on working had to do so from home, while homeschooling their kids

0:55.6

and solving internet connectivity problems or learning how to use Zoom.

1:00.5

The rapid uptake of teleworking and online services has boosted digitalization in Europe,

1:05.9

but also raised questions and brought new challenges, such as growing inequalities between areas,

1:12.2

skills levels, economic and age groups. And let's not forget that Europe is also an aging continent,

1:19.3

which puts extra pressure on our pension systems. The EU and its member states have put together

1:25.0

a package of measures to help citizens deal with the impacts

1:28.5

of the pandemic. But what else needs to be done to ensure we can continue to enjoy the same

1:33.5

high social standards in the future? The cornerstone of Europe's social protection model

1:41.2

is the European pillar of social rights adopted in 2017. It aims to

1:47.6

ensure equal opportunities and access to the labour market, fair working conditions, social protection

1:53.8

and inclusion. And it comes with a scoreboard that measures progress across member states.

1:59.9

This framework allows the European Parliament and Council to come up with new legislation,

2:05.1

for instance, to better protect vulnerable workers and to guarantee access to social protection

2:10.4

for all types of workers, including the self-employed.

...

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