Post
Topic
Board Economics
Re: Rise in US unemployment. Thoughts?
by
Kong Hey Pakboy
on 24/06/2020, 08:45:01 UTC
Reducing labor will greatly affect the economy. Even if it reduces the spread of disease, it will have a strong short-term impact. Many people will have to live in poverty and always in a shortage of food. But this is also a good solution for America's long-term future. They should cut down personnel in unnecessary industries now to ensure the safety of the country in the future.
Indeed. As most people says they won't die in the virus, they will die to starve due to loss of their jobs and no any source of income. Not only US is experiencing this kind of problem in their country because I assume most countries are having problems on how they would help their citizens to make their jobs back and making their economy to recover again. So if COVID-19 will continue to spread, and the government will start a lockdown again it might start a massive riot in every country.