The Impact of Unemployment on Society

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Trading Perspectives: An Economic Podcast

Business


In the last 2 months, America has lost decades worth of jobs. 2-3 million people a week are filing initial jobless claims. What does that mean for society in terms of future wage growth, mental health, divorce rates or crime rates? Businesses that are currently or planning to reopen will eventually adjust to operating on a lower employee base. So, how do we fix it? What can we do to minimize the impact?