Australian Economy

A pandemic employment model

David Llewellyn-Smith
Tuesday, 8 September 2020
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Via Calculated Risk:

It is possible to consider the impact of the pandemic on employment as being similar to a large number of simultaneous worker strikes, and a concurrent severe recession.

When a strike happens, a large number of jobs are immediately lost. And then, when the strike is settled, the jobs are added back to the economy.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.