Europe’s Economy Hard Hit, But Jobs Remain
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But unlike many others, Maher can rest easy, knowing that money will keep flowing into his bank account until he's called back to work.
"I woke up a couple of hours later than I normally would. I won't lie," Maher said one afternoon earlier this month. "I took a nice long masked and gloved walk. I've got a remote personal training like fitness session in about 20 minutes."
The United Kingdom recently began paying 80% of the salaries of workers laid off because of the coronavirus pandemic. The government caps the pay at about $3,000 a month, but many employers, including the London-based video streaming service where Maher works, add to what the government hands out.
Maher also doesn't need to worry about being left without health care coverage, thanks to Britain's National Health Service.
He lost his job. Hope this helps -
Meanwhile back on the ranch, another 6 million new unemployment claims this week. I had 40 Million by May 1st. Looks like I'm gonna fall about 7 million short on that one. Either way 1 in 5 of eligible workers will be on the dole.
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I didn’t say all jobs remain.RaceBannon said:But unlike many others, Maher can rest easy, knowing that money will keep flowing into his bank account until he's called back to work.
"I woke up a couple of hours later than I normally would. I won't lie," Maher said one afternoon earlier this month. "I took a nice long masked and gloved walk. I've got a remote personal training like fitness session in about 20 minutes."
The United Kingdom recently began paying 80% of the salaries of workers laid off because of the coronavirus pandemic. The government caps the pay at about $3,000 a month, but many employers, including the London-based video streaming service where Maher works, add to what the government hands out.
Maher also doesn't need to worry about being left without health care coverage, thanks to Britain's National Health Service.
He lost his job. Hope this helps -
The EU is so fucked right now. It won't surprise me if this breaks the currency.
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What do the math models tell us about the sustainability of the government paying people not to work?
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I was told there would be no math.RaceBannon said:What do the math models tell us about the sustainability of the government paying people not to work?
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Imagine if you will, having basically your entire defense budget subsidized, a technological headstart on the rest of the world, a free trading block that roughly covers a third of the world's GDP, and still going bankrupt.
We need European style democratic socialism! -
It's easy, if you try.UW_Doog_Bot said:Imagine if you will, having basically your entire defense budget subsidized, a technological headstart on the rest of the world, a free trading block that roughly covers a third of the world's GDP, and still going bankrupt.
We need European style democratic socialism! -
One day the bill is going to come due on the entire social welfare state of Europe and all that largess will collapse. Can't wait to see the riots in Paris when the government is out of money to subsidize them and inflation is so rampant you have to bring wheelbarrow loads of Euro's to buy a block of cheese.
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Kind of saw that with Greece recently. France had the mass exodus of wealth when they stole more from the tax payers. The socialist system has never worked. Ever. It is a house of cards built on a paper raft. Completely unsustainable.Swaye said:One day the bill is going to come due on the entire social welfare state of Europe and all that largess will collapse. Can't wait to see the riots in Paris when the government is out of money to subsidize them and inflation is so rampant you have to bring wheelbarrow loads of Euro's to buy a block of cheese.
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Personally, I applaud Europe for convincing us to foot the bill for their security while basking in the spoils of an expanded welfare state. That's some art of the deal shit.UW_Doog_Bot said:Imagine if you will, having basically your entire defense budget subsidized, a technological headstart on the rest of the world, a free trading block that roughly covers a third of the world's GDP, and still going bankrupt.
We need European style democratic socialism! -
It really is. This goes back decades to just after the Cold War. Europe was like "cool, USSR fell, we are safe, sweet, let's spend all our money on other shit..." while a string of US Presidents on both sides just sort of went along with it and kept funding their defense. I don't blame the EU one bit for our stupidity.GreenRiverGatorz said:
Personally, I applaud Europe for convincing us to foot the bill for their security while basking in the spoils of an expanded welfare state. That's some art of the deal shit.UW_Doog_Bot said:Imagine if you will, having basically your entire defense budget subsidized, a technological headstart on the rest of the world, a free trading block that roughly covers a third of the world's GDP, and still going bankrupt.
We need European style democratic socialism! -
At the time we were happy to let those trigger-happy nuts lay down their arms and let us assume the role of big daddy. I'm not so sure that's the calculus we'd make today if starting from scratch.Swaye said:
It really is. This goes back decades to just after the Cold War. Europe was like "cool, USSR fell, we are safe, sweet, let's spend all our money on other shit..." while a string of US Presidents on both sides just sort of went along with it and kept funding their defense. I don't blame the EU one bit for our stupidity.GreenRiverGatorz said:
Personally, I applaud Europe for convincing us to foot the bill for their security while basking in the spoils of an expanded welfare state. That's some art of the deal shit.UW_Doog_Bot said:Imagine if you will, having basically your entire defense budget subsidized, a technological headstart on the rest of the world, a free trading block that roughly covers a third of the world's GDP, and still going bankrupt.
We need European style democratic socialism! -
As usual....Germany will then take overSwaye said:One day the bill is going to come due on the entire social welfare state of Europe and all that largess will collapse. Can't wait to see the riots in Paris when the government is out of money to subsidize them and inflation is so rampant you have to bring wheelbarrow loads of Euro's to buy a block of cheese.
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Spoken like a true German Canadian Mexican.Pitchfork51 said:
As usual....Germany will then take overSwaye said:One day the bill is going to come due on the entire social welfare state of Europe and all that largess will collapse. Can't wait to see the riots in Paris when the government is out of money to subsidize them and inflation is so rampant you have to bring wheelbarrow loads of Euro's to buy a block of cheese.
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you and your racist stereotypesSwaye said:
Spoken like a true German Canadian Mexican.Pitchfork51 said:
As usual....Germany will then take overSwaye said:One day the bill is going to come due on the entire social welfare state of Europe and all that largess will collapse. Can't wait to see the riots in Paris when the government is out of money to subsidize them and inflation is so rampant you have to bring wheelbarrow loads of Euro's to buy a block of cheese.
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It has no place here.DerekJohnson said:
you and your racist stereotypesSwaye said:
Spoken like a true German Canadian Mexican.Pitchfork51 said:
As usual....Germany will then take overSwaye said:One day the bill is going to come due on the entire social welfare state of Europe and all that largess will collapse. Can't wait to see the riots in Paris when the government is out of money to subsidize them and inflation is so rampant you have to bring wheelbarrow loads of Euro's to buy a block of cheese.
