BUSINESS
Governments cannot pay people forever to not work - Economo
BUSINESS

Governments cannot pay people forever to not work - Economo

Published: July 31, 2020  |  5 min read, 950 words
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Retraining and “finding something new” was the invigorating message from the White House to about 30 million unemployed Americans who apply for unemployment benefits. This was not just false advice. It was a reminder that labor markets are about to enter a new phase, and not just in the United States.Societies are coming out of blockages and regulators are reluctant to pay millions of people to be idle indefinitely. Economists have begun to talk about the need for a huge redistribution of workers from companies and sectors that are no longer viable to those that will prosper in the Covid-19... READ MORE
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