Job guarantees, basic income can save us from COVID-19 depression

COVID-19 is both a public health crisis and an economic crisis. The measures taken to deal with the public health crisis threaten our economic well-being. 

A universal basic income and a job guarantee are critical ways to help
us weather the economic storm of the coronavirus pandemic.

There is near unanimity among economists that the response to the coronavirus-induced recession must be aggressive. As stated by the subtitle of a new e-book on how to respond to the COVID-19 recession: “Act Fast and Do Whatever It Takes.” 

Immediate implementation of a universal basic income combined with a job guarantee would help address our current economic problems and the public health crisis. The policy combination could also help us deal with climate change, which is both an ecological and economic crisis.

Read the story from The Conversation by an Economic Researcher from York University, Canada, D.T. Cochrane -  "Job guarantees, basic income can save us from COVID-19 depression.”