Coronavirus
Coronavirus
Out of context: Reply #1894
- Started
- Last post
- 6,418 Responses
- utopian0
Coronavirus could lead to the highest unemployment levels since the Great Depression
That is an astonishing — even incomprehensible — figure. Just four weeks ago, before the coronavirus pandemic plunged us into a recession, unemployment was at 3.5 percent. During the depths of the Great Recession, the highest unemployment reached was 10 percent. Nearly a century ago, in the Great Depression, the worst figure was 24.9 percent — lower if you count people in work relief jobs as employed.
- like someone said ''right now its the earthquake. The tsunami will come later"Bennn
- an article about the great depression with statements from the fed (who were largely responsible the great depression) like they don't know how it ended...kingsteven
- I was taught about the great depression, FDR and the new deal in school, in Ireland.
It really is that easy... magic money printer go brrr brrrkingsteven - Actually king fdr didn't help. He slowed the recovery while creating a shit ton of systems that have only caused more problems********
- Not to mention u can't print money without supply and demand. Why Germans post wwi get fucked?********
- he slowed the economic recovery. my point is you choose between growth or the good of the people. the latter will win out eventually...kingsteven
- also this isn't the world we live in now db the service industries will recover very quickly, this crisis will create more jobs than it took when it's over.kingsteven