UK government to pay up to 80% of wages for employees not working
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Re: UK government to pay up to 80% of wages for employees not working
#2It's bold move, but necessary to stop people going into work. The tubes here in London were still packed a few days ago, because low wage earners still need to travel in to earn and put food on the table.
Re: UK government to pay up to 80% of wages for employees not working
#3It is all funny fake made up money anyway ... there is enough resources for everybody.
Re: UK government to pay up to 80% of wages for employees not working
#4This is the biggest government intervention in the UK economy since WW2, by far. These are interesting times.
Re: UK government to pay up to 80% of wages for employees not working
#5It is all funny fake made up money anyway ... there is enough resources for everybody.
Unfortunately this isn’t true. A massive amount of debt is going to be racked up in this time. The economic impacts are not immediate, but they will come.
Re: UK government to pay up to 80% of wages for employees not working
#6This makes more sense for me than sending $1000 checks to people who still have a job.
Re: UK government to pay up to 80% of wages for employees not working
#7I do wonder if it would be easier and cheaper to bite the bullet and move to a universal basic income. This situation cold be going on for years.
Re: UK government to pay up to 80% of wages for employees not working
#8It is all funny fake made up money anyway ... there is enough resources for everybody.
Unfortunately this isn’t true. A massive amount of debt is going to be racked up in this time. The economic impacts are not immediate, but they will come.
I wonder if the global debt levels will start the next wars. At some point one of the bigger countries will not be able or willing to serve its debt and who knows what will happen then?
Re: UK government to pay up to 80% of wages for employees not working
#9It is all funny fake made up money anyway ... there is enough resources for everybody.
Unfortunately this isn’t true. A massive amount of debt is going to be racked up in this time. The economic impacts are not immediate, but they will come.
Theoretically, it’s less than the cost of letting everything fall apart for 2 months of pausing business.
Re: UK government to pay up to 80% of wages for employees not working
#10I do wonder if it would be easier and cheaper to bite the bullet and move to a universal basic income. This situation cold be going on for years.
You need a UBI on a level that allows people to live. That’s a lot of money. Better to extend unemployment benefits for a limited time.