I produce things for tv & the web. Founder & Chief Creative Officer of http://AuraNexus.com (@auranexus). Former Head of Live Video @ BF News 
andrew.kimmel@gmail.com
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The dramatic spike in jobless claims is an American peculiarity. In almost no other country are jobs being destroyed so fast because throughout the world, gov’ts are protecting employment. Workers keep their jobs, even in industries that are shut down.https://www.nytimes.com/2020/03/30/opinion/coronavirus-economy-saez-zucman.html …
The gov’t covers most of their wage through direct payments to employers. Wages are, in effect, socialized for the duration of the crisis. Instead of safeguarding employment, America is relying on beefed-up unemployment benefits to shield laid-off workers from economic hardship.
One example, in both the US & Britain, the gov’t is asking restaurant workers to stay home. But in Britain, workers are receiving 80% of their pay (up to $3,125/month) and are guaranteed to get their job back once the shutdown is over.
In America, the workers are laid off; they must then file for unemployment insurance and wait for the economy to start up again before they can apply for a new job, and if all goes well, sign a new contract and resume working.
Shining City on a Hill
Give me some of that milk & honey
Hell, the programs we did pass aren’t even being given to businesses like they’re supposed to be, making UI even worse.
Agree. We will have to do a heck of a lot more to support our small businesses, workers, and hardest hit states soon. #NewDeal2020.https://www.theatlantic.com/ideas/archive/2020/03/denmark-freezing-its-economy-should-us/608533/ …
The Canadian government has taken big steps to partially top up employers (especially small businesses) so that they can pay the wages of workers instead of laying them off
It’s not a bug of American Citizens United Capitalism - it’s a profit saving feature.
Who pays?
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