How Other Countries Handled Their Jobs Crises


Varying tactics have been adopted in response to the worldwide pandemic, prompting financial implications; some more successful than others. Germany and Japan, in particular, have been able to maintain low unemployment rates in comparison to the US. Germany's approach is a work-sharing program, or "Kurzarbeit," which allows employers to reduce hours for all employees instead of letting some employees go, preventing workers from experiencing the uncertainties of unemployment. South Korea's successful approach to containing the virus prevented the loss of jobs and prompted a faster return to normal.

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