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Coronavirus highlights stark contrast between U.S., Europe social security nets

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globalnews.ca

The coronavirus pandemic is straining social safety nets across the globe — and underlining sharp differences in approach between wealthy societies such as the United States and Europe.

In Europe, the collapse in business activity is triggering wage support programs that are keeping millions on the job, for now.

In contrast, in the United States more than 33.5 million people have applied for jobless benefits and the unemployment rate has soared to 14.7 per cent.

Congress has passed US$2 trillion in emergency support, boosting jobless benefits and writing stimulus checks of up to US$1,200 per taxpayer.

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