Can we guarantee a job for everyone?
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 24 June 2020
⏱️ 17 minutes
🧾️ Download transcript
Summary
One of the long-run impacts of the coronavirus pandemic is dramatically worsened unemployment around the world, with millions of people suddenly unable to support themselves and their families. Aside from the obvious financial implications, Dr Stephen Blumenthal, a clinical psychologist in the UK tells Ed Butler about the tremendous impact this could have on mental health and human life. Meanwhile, some economists are discussing whether societies could, or indeed should, make sure everyone who wants a job can have one. Economist Pavlina Tcherneva lays out “The Case for a Job Guarantee.”
(Picture credit: An unemployment line in Chile. Picture credit: Getty Images.)
Transcript
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| 0:00.0 | Hello there, I'm Ed Butler. Welcome to Business Daily from the BBC. Coming up, the hidden costs of |
| 0:07.4 | unemployment on our psyches. What we know is that mental health problems, depression, also cause |
| 0:15.1 | people to take more risks, for example, to drink more, to take drugs, and also it impacts on physical health as well. |
| 0:23.0 | Yes, unemployment rates across the poor and rich worlds alike are like a spiraling as we speak. |
| 0:28.7 | It could stay high for gears. Is it time we asked governments to guarantee people some form of job? |
| 0:34.5 | There is this consensus that some people simply will not have jobs. |
| 0:39.2 | Now, this is an idea that needs to be left behind. |
| 0:42.4 | We don't talk about a natural rate of starvation or natural rate of illiteracy. |
| 0:46.9 | We need another sector to provide employment opportunities. |
| 0:50.6 | The case for a job guarantee here on Business Daily from the BBC. |
| 0:54.5 | The sound of protests in Iraq last year over chronic unemployment in that country. |
| 1:10.6 | The persistent scourge of unemployment rates |
| 1:12.9 | across the Middle East and North Africa has led to political upheaval from the Arab Spring onwards. |
| 1:20.4 | Who knows what the political effects will be in Western nations now that suddenly they too |
| 1:25.6 | are staring at 30% plus unemployment rates in some cases. |
| 1:30.3 | The human impact of this won't be too hard to discern three people from different parts of |
| 1:35.2 | the US, all of whom recently lost their job, spoke to the US network PBS News a few weeks |
| 1:41.2 | back. |
| 1:41.5 | I bought some food for myself and for my family so they can have some food to survive. |
| 1:47.9 | And right now, I just don't have nothing in my bank account. |
| 1:51.3 | I just, if you expect that every two weeks or every week, you'll get a check coming in. |
| 1:56.0 | So if you can stay afloat, but with all this and people not having jobs, |
... |
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