In some countries, workers will have 90 percent of lost wages covered. In others, residents fear eviction. Nation to nation, rescue plans reflect conflicting ideas of government’s role in a crisis.
Tag: Unemployment
Will the Coronavirus Cause a Recession? Keep Your Eye on the Barbershops
The Fed reduced rates to keep the effects of the outbreak from spreading to sectors not directly affected by the virus.
Why a Coronavirus Recession Would Be So Hard to Contain
A supply shock is not a problem our usual economic tools are particularly good at solving. But it’s the one we face.
As Troubles Grow, Mexicans Keep the Faith With Their President
One year into his term, President Andrés Manuel López Obrador faces a stagnant economy and spiraling violence, but Mexicans still place their hopes in him.
Iceland’s Purple Planes Are Grounded, and With Them, Its Economy
The collapse of WOW Air, the discount airline, has damaged the country’s tourism industry, which had lifted it from the wreckage of the 2008 financial crisis.
In an Industrial Corner of France, 18,000 Jobs Are On Offer. Why Aren’t People Taking Them?
In France, there are few takers for tens of thousands of manufacturing jobs, despite one of Europe’s highest unemployment rates. Now, the industry is being pushed to burnish its allure.
With Mandate From India’s Voters, Modi Promises Improved Economy Again
Problems like high unemployment, largely ignored during Prime Minister Narendra Modi’s election campaign, dominate the official agenda for his second term.
Under Modi, a Hindu Nationalist Surge Has Further Divided India
The Hindu right has never been so enfranchised at every level of power. Now, with another term likely for Prime Minister Narendra Modi, minorities are worried.
Cryptocurrency Was Their Way Out of South Korea’s Lowest Rungs. They’re Still Trying.
A generation of the young with dead-end social and economic prospects, calling themselves “dirt spoons,” aimed to strike it rich. They’ve ended up with big losses.
Finland’s Basic Income Trial Boosts Happiness, but Not Employment
The unconditional cash did not spur unemployed recipients to work more to supplement their earnings as hoped, researchers said in initial findings.