Job Destruction

April 13, 2020

Normally, we’re not big fans of enhanced unemployment benefits. The current severe economic contraction brought about by the Coronavirus and the government-mandated shutdowns of businesses meant to stop the disease is a completely different animal from a normal recession. It’s not just that people are staying away from certain economic activities because of the virus: the government is requiring businesses to shut down, magnifying job losses across the country…

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