Re:We'll be stuck in this recession for years, economists say
by mikeyouse on Thursday August 27, 2020 @01:40PM
(#24296270)
In the 1930s, it was the PWA which built tons of long-lasting infrastructure including the Hoover Dam and many substantial other projects;
https://en.wikipedia.org/wiki/Public_Works_Administration
That was probably the best use of funds at the time since there was broad based unemployment among a largely unskilled population. This time around, it seems like it's mostly service businesses that are struggling so it's not so clear what the best use of labor would be..
Re:We'll be stuck in this recession for years, economists say
by UncleOxidant on Thursday August 27, 2020 @01:33PM
(#24296186)
In the 30s they hired people to build stuff. They hired artists to create public art as well - Woody Guthrie was paid to write songs, for example.
We definitely could do similar now. Lots of infrastructure needs updating. We could accelerate the move to green energy (like the Green New Deal proposal). We could also hire a lot of people to do contact tracing until the end of the pandemic - this could include folks to do datamining, etc.
Re:We'll be stuck in this recession for years, economists say
by x86_64Ubuntu on Thursday August 27, 2020 @02:08PM
(#24296655)
What does the government usually hire people to do in this situation?