, Columnist
Let’s Have Paid Staycations Instead of Unemployment
People have ceased work to save lives. The government should reward them.
Staying home, saving lives.
Photographer: Angel Navarrete/Bloomberg
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The Federal Reserve Bank of St. Louis recently estimated that the U.S. unemployment rate might exceed 30% in the next few months. If this happens, it won’t be the inevitable consequence of the coronavirus pandemic and the associated public health response. It will be the fault of elected officials for failing to pursue a solution that’s right in front of them.
I call it the paid staycation.