Could Germany’s Kurzarbeit Come to America?
At least 20 million jobs have been lost since the onset of the COVID-19 crisis, and millions more people are working reduced hours. Shouldn’t the historic government response from Washington buy us something better than the worst unemployment crisis since the 1930s, with millions of workers unsure when or if they’ll be able to go back to their old jobs?
The U.S. unemployment rate is nearly twice as large as Germany's.
68% of unemployed workers eligible for benefits would suffer income losses by returning to work.
The 14.7% unemployment rate in April 2020 is the highest level since the Great Depression.