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Economists explore ways to mitigate recession-induced job loss impacts

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Getting laid off and being unemployed for a long stretch ranks right up there with divorce or a death in the family as one of life's most stressful events.
The article from MSN discusses various strategies economists are considering to mitigate the impacts of job losses during a recession. It highlights the disproportionate effects on certain demographics, particularly low-income workers and minorities, who often face higher unemployment rates and longer recovery periods. Economists are exploring several approaches including enhancing unemployment benefits, implementing job retraining programs, and promoting policies that encourage job creation in sectors less vulnerable to economic downturns. Additionally, there is a focus on fiscal stimulus measures like direct cash transfers and tax incentives for businesses to retain or rehire workers. The article also touches on the potential of automation and the gig economy as buffers against traditional job loss, suggesting that these could provide alternative income sources during economic slumps. However, it notes the challenge of ensuring these solutions are accessible and beneficial to all affected groups, emphasizing the need for targeted, inclusive economic policies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/economists-explore-ways-to-mitigate-recession-induced-job-loss-impacts/ar-AA1xgfdo ]