Paul Krugman explains the success in France.
When the pandemic forced economies into a temporary lockdown, Europe, France included, and the United States took divergent routes toward supporting workers’ incomes. We offered enhanced unemployment benefits; France offered subsidies to employers to keep furloughed workers on the payroll. At this point it seems clear that the European solution was better, because it kept workers connected to their employers and made it easier to bring them back once vaccines were available.
France also has universal child care, which reopened relatively early in the pandemic, as did schools — freeing parents, largely mothers, to return to work.
at a time when Republicans denounce as destructive “socialism” any effort to make America less unequal, it’s worth knowing that the economy of France — which isn’t socialist but comes far closer to socialism than anything Democrats might propose — is doing pretty well.
No comments:
Post a Comment