Targeted help now and then a jolt when it's over.
That means that when we are able to restart the economy, we start with massive unemployment and with companies which have simply ceased to exist. Much better to just put everything in the deep-freeze and then pull it out, ready to go when we can.
Given a lack of choice how can paying wages make any difference to their employment behavior. I'll repeat: this is not basic income.
> The government will pay the wages of employees unable to work due to the coronavirus pandemic
You're surely just being deliberately naïve here, playing the naif? I just don't really see the point I guess
I could just as well ask if you're just trying to be clever devil's advocate here.
And some people will make that calculation and figure out a way to officially be unable to work and pick up government money. That's always happened, it's called malingering.
>And some people will make that calculation and figure out a way to officially be unable to work and pick up government money. That's always happened, it's called malingering.
Wait, you agree this happens, despite just having waxed eloquent about "living in society", but then condescend to everyone who suggests it does? Right, I'm the one wasting everyone's time here...
Edit: it's as if you're talking about a completely different thing to what this actually is: as per the sibling comment, this is a benefit going to people losing their jobs, for reasons they cannot control in any way.
Just sending out money to everyone is simple. It can be done fast.
You might be right, but it's not obvious that the difference is material.
In the UK it is known, by government studies, that a huge amount of money that people are entitled to in benefits is never claimed because people either don't know about it or are put off by bureaucratic hurdles. Government officials generally don't draw people's attention to what they are entitled too, and often make mistakes, occasionally fatal (people have starved to death). And some people get what they are entitled to only by appealing bad decisions, with the appeal success rate being rather high.
Right now, especially for people such as those who are self-employed or with complex finances (savings and debt at the same time, etc), proving elegibility to benefits is very difficult, especially if done from scratch when they don't have well organised documentation to hand. (Normally it's a once-a-year thing, to file taxes.)
But the need for urgent finance in the current crisis is the same for everyone without enough cash.
Some self-employed or gig economy people are panicking about affording food right now, and retaining shelter; let alone bills, and that's a terrible situation to suddenly happen, especially to large numbers of people.
What I would advocate for, in a crisis such as this, is helicopter money to everyone at first, and then gradually introduce more nuanced systems that take a bit longer, and give people time to plan for. So that at least nearly everyone can be safe with regards to food and shelter in the short term.
Simplicity first.
as in - no one's giving anyone anything. It's all just shell games.