Why not(like many other countries have done) extend unemployment compensation to gig, contract and PT workers ? This seems the largest cohort that is falling through the gaps and endangers any plan for an effective response going forward.
17 ( +18 / -1 )
The Japanese unenforced lockdown and American administrations rush to "reopen for business" have similar purposes. In both cases worker relief is tardy and workers will be squeezed into privation or returning or finding work in dangerous conditions at their own risk as further meager assistance is indefinitely delayed.
5 ( +6 / -1 )
The lip service being paid to "small business" has nothing to do with the actual agenda. Which in the Japanese case is to force them into an untenable position of closing in an unenforced "lockdown" or stay in business with a dwindling number of customers hoping for assistancethat will be too late or never arrive. Then larger investors come in and scoop up the distressed properties, solving the problem for the government. A hard lesson in that the government is not for you.
9 ( +11 / -2 )
He can't even spout his drivel to a friendly audience while sober.
7 ( +10 / -3 )
"Larry Kudlow, Trump's top economic adviser, said on CNN's "State of the Union" that the administration would "pause” to review the effectiveness of trillions in economic relief spending before making any decision on whether additional aid is needed."
Larry Kudlow, one of the architects of trickle down or "supply side" economics since the Reagan era, is one of the last people that should be in charge of a balanced socially, worker-friendly response to the crisis. Another banker, irresponsible big business friendly bailout plan that will condemn many to a decade of impoverishment is incoming.
11 ( +13 / -2 )
Matches the spotty implementation of the quasi-"lockdown". Even the morning media shows were contrasting this to the New Zealand approach: weekly payments of 36,000 rolling out before the strict lockdown and a drastic and timely flattening of the curve.
3 ( +3 / -0 )
Precis:Economic activity grinding to a halt, price of oil freefalling and markets and their political cronies in a panic. Meanwhile in this deflationary spiral people can't pay rent, are resorting to Depression-era food strategies and meager assistance is rolling out at a snail's pace.
10 ( +10 / -0 )
For those worried about the effect on the tax base and deficits don't worry; only infinitesimal scraps are coming your way, it is not for you to see and will disappear from your eyes like previous economic bubbles. But rest assured, you and yours will be on the hook to make up for it in the future. /Only partially sarcasm.
0 ( +0 / -0 )
Surprised how many still buy into the trickle down and job creator myths that have been disproven time and time again by history. The results of this "incentivization" have been more stock buybacks, greater consolidization of industries, increasing centralization of capital to the .01% and stagnant wages and grotesque wealth disparity.
9 ( +10 / -1 )
When Trump talks about a "spectacular rebound" he is talking about the stock market buoyed by massive bailouts and QE and private equity firms buying up all these foreclosed small businesses and properties on the cheap. Not the miserable lingering aftermath for the American worker from this crisis.
4 ( +4 / -0 )
These essential workers don't need your salutes, thoughts and prayers and commemorations. They need business and politicians to ensure they have living wages.
19 ( +21 / -2 )
Expect to see a lot more cases like this in the coming months with with the spotty implementation of quarantine, insufficient testing resulting in lingering effects of the virus and an inability to return to normal operations and many workers not receiving any or insufficient relief. Goodbye to the myth of "safety" Japan.
-1 ( +0 / -1 )
A comment that would not have been out of place in a novel by the Marquis de Sade.
0 ( +5 / -5 )
On a smaller scale in Tokyo you have Minami-Senju. The coronavirus is hitting the most vulnerable communties the hardest. While the government is prioritizing wastefully massive schemes to keep mega-corps and financials afloat.
4 ( +5 / -1 )
Again, look at the numbers: before the revision to the new scheme of 100,000 for all it was 108 trillion with 4 trillion going to workers and households. Similar numbers in America. Like in other bailouts, "let no crisis go to waste" and the fat cats will end up with the lion's share of the pie.
4 ( +5 / -1 )
Schroedinger's unemployed:Were you on a "zero hour" contract with no guaranteed shifts dependent upon "client demand"? National holidays, lunches, prep time,sick days unpaid time off? Deliberately counted as under 40 hours a week by scheduling and accounting gimmickry? Then denied benefits including contributions to unemployment insurance?
Surprise you have no job, are not counted as unemployed and and can collect no benefits, go out and try to navigate this job market!
3 ( +3 / -0 )
Easy access to recourse for victims of sexual harassment is a good thing. But a for pay internet service to try to extort money from someone whom you think your partner is having an adulterous affair with is disturbing on many levels. Also for labeling the knowing or unknowing other partner of an adulterer a "perpetrator".
5 ( +5 / -0 )
Isn't hoarding goods in high demand and selling when demand is high something that all good capitalists do and is the path to wealth and success ? /s.
Like American firms and sky high essential drug and insulin prices?
7 ( +9 / -2 )
0 ( +0 / -0 )
To solve the problem of the well off receiving a UBI payment, Andrew yang in his scheme devised a plan to claw back that income from those high earners via offsetting taxes. But like Trump, increasing taxes on the wealth and corporations is something Abe is loathe to do.
2 ( +2 / -0 )
Clarification: It is not a "Japanese" problem, it is a late stage capitalism problem. Gig, part time, zero hour contract workers are taken to task for not having months of savings to ride out a rainy day while all these businesses are in dire straits after a few weeks in this crisis. There is a double standard at work and it is not based on nationality.
7 ( +7 / -0 )
Personal anecdote yet relevant: These Japanese firms will say they can ride this out and have a path to solvency until a few days before they "suddenly" declare bankruptcy leaving clients and employees out in the cold.
2 ( +5 / -3 )
Quite the character you often see in Shinjuku wandering the streets. I do not think he is homeless but I hope he is doing alright in this pandemic.
4 ( +5 / -1 )
The corporate welfare gravy train kicking into high gear.
7 ( +7 / -0 )
Now do the same for the "black" companies, embezzeling exectutives, bribed politicos, and bureaucrats and police caught criminally abusing power.
15 ( +15 / -0 )
Your (residence, pension,income, car inspection) tax yen at work.
6 ( +6 / -0 )
Turns out that keeping workers afloat is more important to the economy than massive corporate welfare in the form of tax cuts, supply side "trickle down " economics, quantitative easing and deregulation to the "job creators".
1 ( +1 / -0 )
Posted in: The fact that the Ministry of Foreign Affairs is wasting taxpayer money to contain the plague of foreign criticism is indicative of a government that has handled this more as a PR crisis than a pandemic. See in context
The question is: How many distressed families in this pandemic, or even going back to the ongoing Fukushima fallout, could have benefitted from this money?
9 ( +9 / -0 )
If there is one thing the pandemic has shown us, it is that the financiers and "job creators" and all the quantitative easing(UBI for bankers) and breaks they get from the government are not what keep the economy going. It is those front line workers without which everything falls apart.
4 ( +4 / -0 )
"Economics the dismal science". Gave us such disproven gems as trickle down economics which has been a disaster for the working class and which the Republicans still stubbornly cling to. I'll stick to dr. Fauci for my advice in this crisis.
0 ( +1 / -1 )