👉Massive Unemployment Surge Creates Challenge Ahead
Channel: The Nomad Economist
Date: 02/05/2020

👉Massive Unemployment Surge Creates Challenge Ahead  -- Economic Collapse 2020
Unemployment has several faces. It will be interesting to see how America handles the massive unemployment caused not so much by covid-19 but the government's effort to hold employers responsible for the cost. When the government passed a law increasing employers' responsibility for paying workers even when there was no work for them, businesses countered by mass firings. This was both the logical move and the only way most businesses could survive.

Over time the lack of gainful employment acts as a cancer upon society. Some of the poorly crafted legislation recently passed in the capital of our nation could be considered incentivizing people not to work. The evidence of this can be found in the reports of employees not wanting to return to work because they see themselves making just as much or even more money staying home or being unemployed. When we couple this with the fact many people are unmotivated when it comes to rushing off and working for "the man" it is fair to understand why some people have adopted the attitude, I won't do that.


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