Economies are precariously perched because of Covid-19 and even bailouts might not be enough
American senators have pushed through the largest rescue package in US history, worth over $2.2 trillion.
Businesses and the workers they employ have been hit hard by the disease as customers stay at home to protect themselves from the disease. In many areas across the globe, non-essential retailers have been asked toLike workers elsewhere, those in the US face the prospect of job losses in the near future, as firms’ liquidity dries up.
Adding: “I am all for making peoples salaries whole. However, I am not for increasing people’s salary through the unemployment insurance system.” With the ongoing lockdown, a self-employed plumber for example, will not be able to go about his work and will only be entitled to general unemployment benefits during the quarantine period,Those concerns are not limited to just the UK, as more people draw on state resources to stay afloat, the state’s disbursement systems will be under immense strain.
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