Matthew Yglesias

@mattyglesias ↗

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Last Checked May 21, 2020

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Fri May 08 12:58:19 +0000 2020

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Matthew Yglesias @mattyglesias

I don’t think you should let the allegedly temporary nature of these layoffs give you false hope about a rapid bounceback unless we see a big new policy response. Consider an optimistic scenario: Every state fully reopens by June 1, and caseloads don’t spike — no new lockdowns. — PolitiTweet.org

Posted May 8, 2020 Hibernated

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Matthew Yglesias @mattyglesias

1. Some of the labor market carnage is an inevitable result of the virus. 2. Some of the labor market carnage is a consequence of Trump’s inept coronavirus response. 3. The nearly one million and rising state/local job losses are pure conservative ideology. — PolitiTweet.org

Posted May 8, 2020 Hibernated

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Matthew Yglesias @mattyglesias

Demand for restaurants, travel, hotels, etc is still going to stay at a somewhat depressed level so not everyone gets rehired. State/local revenue is still way down so you new job losses there. Then all those newly unemployed people need to spend less so others lose income. — PolitiTweet.org

Posted May 8, 2020 Hibernated