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Denmark (I think) said that they'll freeze the economy, meaning that the state covers everything. Once over, it starts as if nothing happens. People will have n
by onetimemanytime 7y ago
Denmark (I think) said that they'll freeze the economy, meaning that the state covers everything. Once over, it starts as if nothing happens. People will have no time to look for new jobs, they'll go to old ones and hopefully every company starts spending to support each other
- samsonradu 7y agoSorry but I just can’t see this play out. Consumption will suffer. When foreign tourists stop booking rooms in Copenhagen hotels, how/why keep people on the payroll? Also, isn’t it dangerous to distort the market to such a level? Maybe there are more productive activities for those employees to engage. There will be dislocations of the workforce. Considering the ongoing crisis I would take official statements with a grain of salt also. They need to convince people to comply with the rules.
- Twixes 7y agoThere's no good solution to this crisis. But "pausing" the economy, even at a huge cost, is a better option than letting everything fall apart.
- hakfoo 7y agoIf they're pausing the nonessential economy, I don't see where it stops "I have a biology degree and experience, I'll transition from a paused job into a research team working on Covid-19". What it stops is "I need to perform some trivial make-work job because the hotel/bar/unessential retail I used to work at shut down, and otherwise I starve and get evicted, so I'm going to traipse around and weaken quarentine procedures."