Re:America’s Covid job-saving programme gave most of its cas...
by sbelskie on Tuesday February 01, 2022 @09:04PM
(#30172621)
What country has GDP on a better trend compared to pre-pandemic than the US?
Re:America’s Covid job-saving programme gave most of its cas...
by ChrisLomont on Thursday February 03, 2022 @12:17PM
(#30195289)
Not sure why this is relevant, but if by trend you mean higher growth, then over half of countries in the world had larger growth in 2018-2019 [1].
US (growth 2.2%) is 119th out of 202 countries, with Timor-Leste at 19.5% at the top.
Lots of big countries also outgrew the US over this period: Vietnam 7%, China 5.9, Ireland 4.9%, Poland, Hungary, India, Israel, UAE, Luxembourg, Ukraine, Latvia, Peru..... It's not like the US was anything special for growth.
Did you think the US was the country with the best growth? Or even near the top?
[1] https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2...
Direct payments to people let them squander it while businesses failed, leaving people unemployed.
UBI feeds consumption, not production, and they are not the same thing. Lots of production is B2B and other aspects far removed from the consumption of the pipeline.
Throwing a few trillion directly at people is popular but demonstrably not as well spent as other countries showed.
"Many governments staved off damage by paying businesses to keep workers employed"