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Nicolas Bouzou: "How to contain the coming unemployment, especially among the youngest"

2020-05-24T17:57:04.360Z


TRIBUNE - The return to school in September will be in the field of unemployment of unprecedented severity, and obtaining a first job very difficult. Comprehensive measures must be adopted by the state to limit the shock, argues the economist.


Our modernity has decided to make the health of the population prevail over the economy, showing that the period was less materialistic than some people claim. This choice was the best philosophically and the least bad economically. Studies of the great epidemic waves of the 20th century show that the countries which have taken the strictest health measures are those which have benefited from the most robust economic recoveries. Let us hope that this scenario is repeated and above all act in this direction. Let us adopt measures that will minimize the economic and social cost of the epidemic, which could be colossal, especially for the youngest.

It is still possible to limit the scale of the disaster

By the end of the year, France will have to face a destructive wave: that of bankruptcies and unemployment. Typically, the peak of this wave occurs two quarters after the low point in the economy. The economy having started to recover gradually at the end of April-beginning of May, this means that the return of

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Source: lefigaro

All news articles on 2020-05-24

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