3 ms·
Japan has a good bottom-up focus by addressing employee payroll and by proxy employee/employer job security during a negative economic outlook. Grassroots mone
by siruncledrew 6y ago
Japan has a good bottom-up focus by addressing employee payroll and by proxy employee/employer job security during a negative economic outlook.
Grassroots money instead of helicopter money.
The government directly intervening to support employees sounds like a better effort to influence widespread impact than propping up employers to trickle down the money with vague guidelines and questionable oversight.
Businesses, in particular SMBs still need financial help, but that help should be separate from the public support help for PTEs and FTEs.
The US still clings on to the top-down approach to solve these problems, counter to Japan (not that Japan is perfect either).