Economics Thread

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Certainly closer to a public good than 6 million other things the gov't does

Testing and contact tracing in the context of reopening the economy is something that will require coordination--between states, between state and local. And of course there will be some federal involvement. How much and in what form remains to be seen. Some of it will probably be contracted out to the private sector.
 
6.6M americans file for unemployment.

Many more will die because of the impending recession (potentially depression) than from the virus.
 
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Absolutely devastating. FOr some reason we don't seem to be overly concerned with millions of families not able to put food on the table in the future. Do we care about them at all or just a subset of the population that can easily mitigate on their own to avoid death?
 
Stimulus packages around the world:

UK: 80% of workers' salaries

Denmark: 75% of workers' salaries

S Korea: 70% of workers' salaries

Netherlands: 90% of workers' salaries

Canada: $2k per month

Australia: $1k per month

US: One time $1200 check that may take months to arrive
 
Stimulus packages around the world:

UK: 80% of workers' salaries

Denmark: 75% of workers' salaries

S Korea: 70% of workers' salaries

Netherlands: 90% of workers' salaries

Canada: $2k per month

Australia: $1k per month

US: One time $1200 check that may take months to arrive

what happens when you get a gov't that looks out for the people when it is needed

aka not having republicans in charge
 
Stimulus packages around the world:

UK: 80% of workers' salaries

Denmark: 75% of workers' salaries

S Korea: 70% of workers' salaries

Netherlands: 90% of workers' salaries

Canada: $2k per month

Australia: $1k per month

US: One time $1200 check that may take months to arrive

Actually that's not accurate. The benefits being channeled through unemployment insurance and the Payroll Protection Program are pretty generous. I think there are a lot of people who have not applied for unemployment benefits who are in fact eligible under the expanded rules. There are some state systems that have been overwhelmed, but hopefully that is sorted out soon.
 
Actually that's not accurate. The benefits being channeled through unemployment insurance and the Payroll Protection Program are pretty generous. I think there are a lot of people who have not applied for unemployment benefits who are in fact eligible under the expanded rules. There are some state systems that have been overwhelmed, but hopefully that is sorted out soon.

Not to mention forgiven loans for businesses who dont lay off people.
 
Not to mention forgiven loans for businesses who dont lay off people.

yeah the PPP will turn into a grant for most businesses

obviously from the lines at food banks, there are people falling through the cracks...we need to figure out what is happening with those families...i'm wondering if many of them are in the informal economy and are no longer receiving any income
 
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