04-24-2020, 11:32 AM
(04-24-2020, 11:28 AM)Mick Wrote:(04-24-2020, 09:19 AM)BostonCard Wrote: Here's an economist that suggests shutting down the economy for a year would cost $4 trillion, and still be worth it (economically speaking).
https://www.marketplace.org/shows/market...-benefits/
As an aside, all the jobs gained since the trough of the Great Recession have now been lost.
BC
Haven't looked at your link yet. i did see the article right below it, which wondered whether unemployment benefits would cover the cost of living. It used, as an example, $521 in unemployment per week with $600 from the stimulus, and concluded: "The average nationwide is $370. Add that to the pandemic benefits and it totals $970, about the same as the average weekly pay of Americans nationwide."
It failed to point out, however, that the $600 stimulus payment is good for just four months. So the conclusion is incorrect, it's not enough to replace one's income.
https://www.marketplace.org/2020/04/23/c...-benefits/
So instead of responding to his post that would seem to refute your economy >>> lives framing, you responded to an absent straw man argument that no one here made?
