Waging war on recessions
An early analysis of furlough schemes
SINCE THE emergence of the welfare state, adults who want to work have generally found themselves in one of two positions: earning a wage from their job or receiving unemployment benefits. The pandemic has led many people to find themselves in a halfway stage—furlough. This often involves the state paying a large slice of employees’ wages so that firms can keep them on the payroll during the lockdown.
This article appeared in the Business section of the print edition under the headline “Waging war on recessions”
Business June 20th 2020
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From the June 20th 2020 edition
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