{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Why we\u0026#39;re seeing mass layoffs in the US but not the UK' data-url='/boclips/videos/5eb15589ccb1941d0a3cccdd' data-video-url='/boclips/videos/5eb15589ccb1941d0a3cccdd' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nWhy we\u0026#39;re seeing mass layoffs in the US but not the UK\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eMillions of Americans have lost their jobs in the coronavirus lockdowns. But it didn't have to be that way -- and it's not too late for the US to change course. Subscribe to our channel! Few Americans alive today have ever seen jobless...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eMillions of Americans have lost their jobs in the coronavirus lockdowns. But it didn't have to be that way -- and it's not too late for the US to change course. Subscribe to our \u003ca href='http://goo.gl/0bsAjO' target='_blank' rel='nofollow'\u003echannel!\u003c/a\u003e Few Americans alive today have ever seen jobless numbers as bad as they are right now. At the end of April 2020, economists estimated that between 13 and 18 percent of US workers were unemployed. It's the highest rate since the Great Depression. That figure can seem somewhat inevitable; the unfortunate but unavoidable cost of economic lockdown. It’s why, in response, Congress has prioritized shoring up unemployment insurance benefits. But a handful of European countries have shown that mass unemployment isn’t a given in a situation like this. It’s a policy choice. In this video, we explain how and why the UK, Denmark, and the Netherlands chose a different path. With the help of economist Heidi Shierholz of the Economic Policy Institute, we explore whether the US can still avoid millions more job losses. Sources/further reading: The Nordic Way to Economic Rescue (\u003ca href='https://www.nytimes.com/2020/03/28/business/nordic-way-economic-rescue-virus.html' target='_blank' rel='nofollow'\u003eNYT)\u003c/a\u003e Keeping Business Alive: The Government as Buyer of Last Resort (Emmanuel Saez and Gabriel Zucman, UC \u003ca href='http://gabriel-zucman.eu/files/coronavirus.pdf' target='_blank' rel='nofollow'\u003eBerkeley)\u003c/a\u003e A ‘phase four’ relief and recovery package should provide economic assistance to state and local governments, extended unemployment benefits, and better protections for workers and jobs (Josh Bivens, Celine McNicholas, and Heidi Shierholz, Economic Policy \u003ca href='https://www.epi.org/blog/a-phase-four-stimulus-package-should-provide-economic-assistance-to-state-and-local-governments-extended-unemployment-benefits-and-better-protections-for-workers-and-jobs/' target='_blank' rel='nofollow'\u003eInstitute)\u003c/a\u003e Why Is America Choosing Mass Unemployment? (\u003ca href='https://www.nytimes.com/2020/03/26/opinion/covid-economy-unemployment-europe.html?action=click\u0026module=RelatedLinks\u0026pgtype=Article' target='_blank' rel='nofollow'\u003eNYT)\u003c/a\u003e Coronavirus: Government to pay up to 80% of workers' wages (\u003ca href='https://www.bbc.com/news/business-51982005' target='_blank' rel='nofollow'\u003eBBC)\u003c/a\u003e Social Security: Unemployment Insurance (VCU Social Welfare History \u003ca href='https://socialwelfare.library.vcu.edu/social-security/social-security-unemployment-insurance/' target='_blank' rel='nofollow'\u003eProject)\u003c/a\u003e The Unemployment Rate Is Probably Around 13 Percent (\u003ca href='https://www.nytimes.com/2020/04/03/upshot/coronavirus-jobless-rate-great-depression.html' target='_blank' rel='nofollow'\u003eNYT)\u003c/a\u003e Jobless claims top 30 million as coronavirus continues to devastate economy (NBC \u003ca href='https://www.nbcnews.com/business/economy/jobless-claims-top-30-million-coronavirus-continues-devastate-economy-n1196276' target='_blank' rel='nofollow'\u003eNews)\u003c/a\u003e Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. 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