Krugman writes: "Recent job losses have been nothing short of apocalyptic."
The US Postal Service and its 600,000 workers face hostility at the White House. (photo: Jake May/AP)
16 April 20
Billions for oil, nothing for nurses and teachers.
ecent job losses have been nothing short of apocalyptic. Almost 17 million workers — more than 10 percent of the work force — filed for unemployment benefits over the course of just three weeks. Independent economists suggest that the unemployment rate may already be close to 20 percent, which is similar to its level in the depths of the Great Depression.
So how are the Trump administration and its allies responding to this Covid-19-generated jobs crisis? Are they taking it seriously? Or are they doing what they did as the pandemic spread — dithering and refusing to take necessary action out of some combination of wishful thinking and political pettiness?
You can probably guess the answer.
