Why we're seeing mass layoffs in the US but not the UK

  • 🎬 Video
  • ℹ️ Description
Why we're seeing mass layoffs in the US but not the UK 5

Tens of millions of Americans are out of work because of the coronavirus. But it didn't have to be that way -- and it's not too late for the US to change course.

Few Americans alive today have ever seen unemployment numbers as bad as they are right now. At the end of April 2020, economists estimated that between 13 and 18 percent of US workers were unemployed. It's the highest rate since the Great Depression.

That figure can seem somewhat inevitable; the unfortunate but unavoidable cost of economic lockdown. It’s why, in response, Congress has prioritized shoring up unemployment insurance benefits.

But a handful of European countries have shown that mass unemployment isn’t a given in a situation like this. It’s a policy choice.

In this video, we explain how and why the UK, Denmark, and the Netherlands chose a different path. With the help of economist Heidi Shierholz of the Economic Policy Institute, we explore whether the US can still avoid millions more job losses.

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💬 Comments on the video

Interesting, but as Churchill famously said, "The US will always make the right decision, but only after it exhausted all the wrong ones first."

Author — ritemoelaw_books83


Why does the richest country in the world have third world country problems?

Author — Anand Tumurtogoo


"Greatest country on earth" - they say while proving otherwise at every single opportunity.

Author — St3v3z


As a European living in the UK, American politics scares me.

Author — erzan


Don’t worry guys, we’ll just spend billions on defense spending again, that’ll definitely help. Best country ever.

Author — Kodo Elder-Groebe


Just to be clear we currently have a conservative government in the UK. This should help show how nuts america politics is.

Author — Harry Russell


The U.S. gets it wrong every time-the arrogance is just unreal.

Author — D Collins


“What if it didn’t have to be this way?” Ohhh you mean like literally every other first world country in the world, right...

Author — ketten51


The republicans will blame the democrats and nothing will fundamentally change

Author — Luciano Cappellano


Who cares as long as the stock market looks tremendous and that wall gets built, right?

Author — Nik Murphy


No one wants services and support paid by taxes - untill they need them...

Author — Arthur Carlin


not just the UK has this system, most of europe does.

Author — Sophie


Every empire has a rise and fall, I think America is falling.

Author — Sizzling Grill


This is like the first time I’ve seen us (Uk) being used as a model country for something XD

Author — Kyle Fear


American Public: We don't trust "big government" with all its bureaucratic inefficiency to hand out assistance to small businesses directly!
Wall Street Banks: OK, let us who have been conscientious capitalists and totally did not cause a previous economic crisis through greed handle this part! <proceed to give cheap loans to large corporations who pay higher fees>
American Public: <Surprised Pikachu Face>

Author — Roland Fantasia


America does everything differently and fail doing so. Being stubborn and high ego destroy themselves.

Author — G Sai


Every time the US do something they reinforce the idea that they really are just a third world country with a big military ...

Author — Acester


America: Land of the free, free to be poor, homeless, unemployed, and dead

Author — Joe Jasat


In the United states we are too "free" for those socialist policies. Free to get f'd and people love it

Author — Intelligently Stoopid


I think the title should be "Why we are seeing mass layoffs in the us but not in any other developed country"

Author — Philip Hiller