Opinion: Government should say to businesses: Don’t lay anyone off! We got this

Lost income of workers and businesses should be replaced by new form of social insurance, say Saez and Zucman

 
The coronavirus threatens the world’s economic life. The most important message that needs to come from heads of state immediately, even before any new law or complete implementation details are provided, is: “Do not lay off your workers or liquidate your business. Government will pay your idle workers and your necessary maintenance costs while you are shut down. Government money is coming soon.”

This is crucial to stanch the flow of mass layoffs and business destruction that is already starting. Why is such a measure necessary, and how to implement it in practice?

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Πηγή: marketwatch.com